The Giller Prize, Canada's most prestigious fiction award, is at risk of ceasing operations by the end of 2025 unless it secures federal funding. The Giller Foundation's financial distress follows the premature end of its long-standing partnership with Scotiabank. The foundation is appealing to the Canadian government for $5 million over three years to ensure the prize's survival and continued support for Canadian authors. The prize had previously faced criticism due to Scotiabank's investment in an Israeli arms company.
Giller Prize says it will be forced to cease operations without federal funding
CultureBooks
AI Summary
TL;DR: Key points with love ❤️The Giller Prize, Canada's most prestigious fiction award, is at risk of ceasing operations by the end of 2025 unless it secures federal funding. The Giller Foundation's financial distress follows the premature end of its long-standing partnership with Scotiabank. The foundation is appealing to the Canadian government for $5 million over three years to ensure the prize's survival and continued support for Canadian authors. The prize had previously faced criticism due to Scotiabank's investment in an Israeli arms company.
Trending- 1 1994: The Giller Prize was established.
- 2 2005-2023: The prize was known as the Scotiabank Giller Prize.
- 3 October 2023: The Israel-Hamas war began.
- 4 November 2023: Anti-Israel protesters disrupted the Giller Prize gala.
- 5 2024: Scotiabank subsidiary cut its stake in Israeli arms maker Elbit Systems.
- 6 Earlier this year: The decades-long partnership between the Giller Foundation and Scotiabank ended prematurely.
- 7 2025: The Giller's three-year travel-sponsorship deal with the Azrieli Foundation will conclude.
- 8 End of 2025: The Giller Prize will be forced to cease operations without federal funding.
- Potential cessation of operations for the Giller Prize, Canada's richest fiction award.
- Impact on the discovery and celebration of Canadian authors.
- Possible elimination of the gala dinner and national tour of nominated authors.
What: The Giller Prize, Canada's richest fiction award, is facing closure.
When: The prize will be forced to cease operations at the end of 2025 without stable funding. Its partnership with Scotiabank ended earlier this year.
Where: Canada.
Why: The decades-long partnership with lead sponsor Scotiabank ended prematurely, leaving the Giller Foundation in dire financial straits and without stable funding.
How: The Giller Foundation is appealing to the federal government for $5 million in funding over three years. They are also considering cost-cutting measures like eliminating the gala dinner and national author tour.