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The Trust for Cultural Resources of the County of Onondaga (CRT) was statutorily created in 1992, and under the direction of County Executive Joanne M. Mahoney, was constituted in the fall of 2009. The Trust is administered by the county's Office of Economic Development. This public benefit corporation is an authorized issuer of bonds for non-profit cultural organizations, e.g., educational institutions, museums, theatres, that are more than 5 years old. The Trust offers a local, convenient and more economical financing opportunity for the county's non-profit establishments. In addition, the administrative fees paid to the CRT will used to assist with the cultural and economic development priorities of Onondaga County.
Mission
To support, promote and protect the cultural institutions that provide cultural, educational and historical opportunities to the people of Onondaga County and New York State, and to improve the viability and growth of these organizations as set forth in Article 20 and 22 of the Arts and Cultural Affairs Law of the State of New York.
Financing
The Onondaga County Cultural Resources Trust can assist non-profit cultural institutions and organizations by issuing triple tax-exempt bonds.
Meeting Minutes
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June 2010
