{"id":599,"date":"2021-02-04T16:21:53","date_gmt":"2021-02-04T16:21:53","guid":{"rendered":"https:\/\/tapestrycapital.ca\/?p=599"},"modified":"2026-04-10T15:09:48","modified_gmt":"2026-04-10T15:09:48","slug":"sketch-project-home-changing-face-of-financing-for-the-arts","status":"publish","type":"story","link":"https:\/\/tapestrycapital.ca\/fr\/story\/sketch-project-home-changing-face-of-financing-for-the-arts\/","title":{"rendered":"SKETCH&#8217;s Project Home: Changing the face of financing for the arts"},"content":{"rendered":"<h2>For 24 years, SKETCH has been a stronghold for community arts in Toronto.<\/h2>\n<p>Their free programming &#8211; which includes everything from culinary arts, to dance, to digital media &#8211; targets youth ages 16-29 who live homeless or on the margins and navigate poverty. SKETCH is driven by the strong belief that if young people create and develop in the arts, they will build leadership skills and self-sufficiency.<\/p>\n<p>When talking to SKETCH artists, it&#8217;s clear the impact they have had on their community and the radical change they have inspired. The video below features Joel Zola, an alumnae, who experienced homelessness for 7 years. He is now the Executive Director of <a href=\"https:\/\/www.streetvoices.ca\/\">Street Voices<\/a>, and says that SKETCH had a transformative impact on his life.<\/p>\n<p><iframe loading=\"lazy\" title=\"Make an Impact Investment through SKETCH&#039;s Project Home!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Wew0HMeNxSk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h5>Through the years, SKETCH was forced to move their programming location many times.<\/h5>\n<p>As renters, they were always at the whim of their landlords and victim to rising rents in the city. They finally found a home in 2014, in a community hub and former public school building owned by ArtScape. It was everything they had hoped for &#8211; 9,000 sqft that includes a commercial kitchen, a recording studio, a ceramic studio, an office space to meet their needs, and so much more.<\/p>\n<h2>In 2018, an amazing opportunity presented itself.<\/h2>\n<p>SKETCH was given the opportunity to purchase their space to turn their <em>home<\/em> into a <em>permanent home<\/em>. They knew that under their current lease, they were looking at a 4.5% rent increase every year and that meant that if they didn&#8217;t buy, they would need to relocate in just 5 years. They also knew that to maintain their impact, they needed to stay in a downtown, accessible location.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-605 size-full\" src=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Sketch-rent-vs.-owning-2.png\" alt=\"Graph showing cost of renting versus owning\" width=\"586\" height=\"394\" srcset=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Sketch-rent-vs.-owning-2.png 586w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Sketch-rent-vs.-owning-2-400x269.png 400w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Sketch-rent-vs.-owning-2-18x12.png 18w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Sketch-rent-vs.-owning-2-500x336.png 500w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><\/p>\n<h3>SKETCH had a vision, a bold champion in Rudy Ruttimann, their Executive Director, and a strong and supportive community behind them.<\/h3>\n<p>This is when SKETCH met Tapestry. We launched a feasibility study, and together came to the realization that Community Bonds could be a very sustainable solution to creating a permanent and lasting space for their programming. Not only this, but it could also be a chance to build even stronger connections with their community of supporters.<\/p>\n<h5>Enter the SKETCH Project Home Bond.<\/h5>\n<p>SKETCH secured a mortgage for $1.1 million with Alterna Savings and committed to raising $1.52 in capital fundraising. To reach their total goal of $4.02 million, they made the decision to raise $1.4 million in Community Bonds, finally allowing them to buy their studio and admin space.<\/p>\n<h3>Their campaign has been designed to allow a wide array of people to invest, with an entry point as low as $500.<\/h3>\n<p>They are also selling a Giving Bond &#8211; which is a first in Canada. The Giving Bond allows an investor to purchase a bond and then donate the interest that is earned on it. They will then receive a tax credit for the donation, and receive their initial principal back in full.<\/p>\n<h5><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-607 size-large\" src=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2.png\" alt=\"Sketch bond offering\" width=\"1024\" height=\"576\" srcset=\"https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2.png 2160w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-800x450.png 800w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-1600x900.png 1600w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-400x225.png 400w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-768x432.png 768w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-1536x864.png 1536w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-2048x1152.png 2048w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-18x10.png 18w, https:\/\/tapestrycapital.ca\/wp-content\/uploads\/Bond-Series-02-2-500x281.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h5>\n<h5>How is it going so far?<\/h5>\n<p>Their community has already invested $926,000 to date &#8211; that&#8217;s 66% of their target investment!<\/p>\n<p>If you want to learn more about the <a href=\"https:\/\/www.sketch.ca\/projecthome\/\">Project Home campaign<\/a>, you can visit their <a href=\"https:\/\/www.sketch.ca\/projecthome\/\">campaign page<\/a> or register for their <a href=\"https:\/\/www.eventbrite.ca\/e\/feb-5-virtual-info-session-for-sketchs-community-bond-sale-tickets-135706236005?aff=erelexpmlt\">upcoming info session of Feb. 5th, 2021<\/a>. If you are unable to join, <a href=\"https:\/\/www.youtube.com\/watch?v=Zfxl5nZ4YW4\">watch a recording here<\/a>.<\/p>","protected":false},"featured_media":610,"template":"","format":[],"topic":[48,49],"class_list":["post-599","story","type-story","status-publish","has-post-thumbnail","hentry","story_topic-client-stories","story_topic-success-story"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SKETCH&#039;s Project Home: Changing the face of financing for the arts - Tapestry Capital<\/title>\n<meta name=\"description\" content=\"SKETCH is raising $1.4 million in Community Bonds to purchase their permanent home in downtown Toronto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tapestrycapital.ca\/fr\/histoire\/sketch-project-home-changing-face-of-financing-for-the-arts\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SKETCH&#039;s Project Home: Changing the face of financing for the arts - 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