Message from the Executive Director
Welcome to our website. Thank you for your interest in community philanthropy and our Foundation.
In communities across Canada, social purpose organizations are operating at many different stages of development. Some organizations are doing incredibly innovative work in pursuit of social, cultural or environmental goals but may not consider themselves social enterprises and/or may not be aware they can access financial support for their work. Some are in an early design stage and are workshopping innovative ideas. Others still are more developed and might be looking for resources to scale their work. In short, social purpose organizations across Canada are at widely differing stages of readiness to receive investment.
One thing is certain: social purpose organizations are key levers in creating more resilient, equitable and sustainable communities of the future. The Investment Readiness Program (IRP) aims to support them, regardless of where they may be on the investment readiness continuum. The IRP was initially launched by the Government of Canada to help social purpose organizations build their capacity to participate in Canada’s growing social finance market. It is also designed to help social purpose organizations prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund, a historic new $755M commitment which was announced in November 2018 and is expected to roll out over ten years. Alongside a suite of other organizations, Community Foundations of Canada are playing a key role in delivering the IRP.
The Investment Readiness Program will help social enterprises across Canada grow, and build their capacity to accept investment, and participate in Canada’s growing social finance market. “Business isn’t just about the bottom line. It can be a source for good and a catalyst for social and environmental change in communities across Canada. We are honoured to support social enterprises across Canada in building a better world,” says Andrew Chunilall, CEO of Community Foundations of Canada, a national partner in the Investment Readiness Program.
Community Foundation Grey Bruce in partnership with Georgian College and their Social Enterprise Network of Central Ontario (SENCO) is a regional partner on the IRP, offering eligible organizations working to do good across Central Ontario the opportunity to access up to $100,000 in non-repayable capital. Through this partnership, funding will be allocated in the form of non-repayable capital to charities, non-profits, co-operatives, social enterprises, and mission-focused for-profits across Central Ontario including the counties of Grey and Bruce, as well as Muskoka, Huntsville, Orillia-Huronia, Simcoe County, Barrie, Dufferin County, Owen Sound, Collingwood, Kincardine, Manitoulin Island, Tobermory, Orangeville, Saugeen First Nation and Neyaashiinigmiing. The first application intake happened in February 2020; the second application period is planned for later this year.
The IRP is open to a diverse range of organizations and businesses including charities, non-profits, co-ops and for-profit social enterprises who are helping achieve positive social, cultural or environmental results in the community.
Thanks for your engagement,