Scotiabank, which funds much of the festival’s budget, has a subsidiary with a roughly US$400-million stake in Israeli arms manufacturer Elbit Systems
Toronto’s Contact Photography Festival has lost more than a dozen exhibitors as artist opposition grows against its title sponsor, Bank of Nova Scotia , for a subsidiary’s stake in a major Israeli arms manufacturer during
Sophie Sabet, a past winner of Contact’s Gattuso Prize for featured exhibitions by early-career artists, said she withdrew from a festival residency this year over the Scotiabank connection, “Knowing the connection between Contact and Scotiabank, I am not willing to participate or take funding from an organization that basically is funding genocide,” said Umber Majeed, a New York-based multidisciplinary visual artist, who hosted a virtual exhibition of her projectHamas militants killed about 1,400 Israelis and took approximately 250 people hostage in an attack on Oct.
But the end of the Scotiabank sponsorship also means that Contact expects revenue to fall 65 per cent in 2025. It’s beginning a four-year restructuring that has included laying off two of the festival’s six full-time staff. “It’s been very difficult for everybody,” Killeen said in an interview.
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