and outreach projects. Established in the 1970s and developed by Canada Council Visual Arts Officer Suzanne Rivard-Lemoyne, the Art Bank buys art from notable Canadian artists through a system of peer-review juries. The Bank is completely self-funded, earning its money from renting out works in its collection, and continues to expand its collection by buying works in accord with its annual purchasing budget. The vast majority of its art is rented by the federal government, with less than 10% being rented to the private sector. Works of art are rented out for two-year periods. The rental rate is generally 20% of the piece's market value. Although located in Ottawa, Ontario, the Art Bank services its clients across the country. Its collection has been appraised to be worth over 71 million dollars. In 2002 the Canada Council Art Bank began to purchase Indigenous art to enhance its collection as part of its 45th anniversary. Canadian Commission for UNESCO Overseeing UNESCO activities in Canada, the Canada Council operates the Canadian Commission for UNESCO (CCUNESCO), which helps governments, organizations, and individual Canadians share information, along with making recommendations to the federal Canadian government on UNESCO programs and budgets. Established by the Canada Council for the Arts in 1957, the Commission is managed by a 17-member executive committee consisting of representatives of government departments, academics, and other experts in education, culture, and world heritage. Grants, Prizes and Initiatives Prizes The Canada Council for the Arts promotes public awareness of the arts through its communications, research and arts promotion activities. In particular, every year, the Canada Council awards a broad range of prizes to over 200 Canadian artists and scholars in recognition of their work. The Canada Council administers various Governor General's Awards, including Medals in Architecture, Literary Awards, Performing Arts Awards, and Awards in Visual and Media Arts. Other awards include the Killam Program of scholarly awards, J.B.C Watkins Awards, the John G. Diefenbaker Award, the Musical Instrument Bank, and the Walter Carsen Prize for Excellence in the Performing Arts, among others. The John G. Diefenbaker Award, with a prize of up to $95,000, allows a distinguished German scholar in the humanities to conduct research in Canada and spend brief periods gaining additional experience at American institutions. The Award was created in 1991, in memory of former Prime Minister John G. Diefenbaker, as the Canadian counterpart to the Konrad Adenauer Award, which was established