The City of Toronto provides annual funding to 10 cultural organizations through the Major Cultural Organizations program.

The City provides financial support to organizations that are recognized as unique cultural ambassadors and infrastructure for Toronto. These cultural attractions have a significant economic and cultural impact. They play a major role in enhancing the local cultural ecology, and in developing Toronto as a worldwide cultural destination, bringing in over 6 million visitors in 2010. These organizations have demonstrated a consistent level of professional standards, artistic excellence, international achievement, a diverse funding base and board accountability. All recipients are subject to the City of Toronto's Grants Policy.

Major cultural organizations deliver unique artistic programming that strengthens the richness and diversity of Toronto's cultural sector. They also demonstrate leadership in encouraging community participation through education and outreach, volunteer opportunities, audience development, and support to other community arts and cultural organizations.

These organizations lead Toronto's culture sector in creating jobs and wealth, attracting visitors, contributing to the City's economic prosperity, and making Toronto a vital international creative capital.

The 2012 funding allocations for these organizations are:

	Art Gallery of Ontario	$540,000
	Canada's National Ballet School	$137,332
	Canadian Opera Company	$1,317,015
	Festival Management Committee (Scotiabank Caribbean Carnival Toronto)	$494,190
	George R. Gardiner Museum of Ceramic Art	$135,980
	National Ballet of Canada	$1,148,600
	Pride Toronto	$123,807
	Toronto Festival of Arts, Culture and Creativity (Luminato)	$200,000
	Toronto International Film Festival Group	$800,000
	Toronto Symphony Orchestra	$1,134,036
	Total	$6,030,960