Photo courtesy of Film Independent.
Working with a professional statistician, the following principles were used to update the formula in 2020:
- The solution should eliminate any discontinuous penalties for growth
- The solution should continue to allow smaller organizations to request and receive a greater proportion of their overall budget than the larger organizations
- The solution should take particular care with the smaller contracts in the OGP 1 and OGP 2 categories, for whom small changes in grant allocations create significant difficulties. The solution could be in the form of a calculator on the Arts and Culture website.
- The solution need not take into account the current OGP categories
- For B<7,500, X=0+1.0000*B
- For B≥17,500 & <100,000, X= 5080+0.3230*B
- For B≥100,000 & <1,500,000, X= 33190+0.0419*B
- For B≥1,500,000 & <40,000,000, X= 90040+ 0.0040*B
- For B≥40,000,000 X=250,000
Where B=organizational budget
X=maximum request amount