The Kitchener Waterloo Community Foundation (KWCF) has awarded over $230,000 in funding to ten social purpose organizations, as part of the Government of Canada’s Investment Readiness Program (IRP). Their work is creating meaningful jobs, strengthening the charitable and non-profit sector and addressing social challenges ensuring that we can build back better after COVID-19. These organizations will be better prepared to receive investment, including through the Government of Canada’s Social Finance Fund.
As a Regional Partner for the IRP, KWCF is leading this initiative locally in partnership with four other community foundations (Cambridge & North Dumfries Community Foundation, Centre Wellington Community Foundation, Guelph Community Foundation, Stratford Perth Community Foundation) and four local organizations that drive social change (Communitech, GreenHouse, Lyle S. Hallman Foundation, and Region of Waterloo).
KWCF and partners received a high volume of applications for the competitive program. A list of social purpose organizations that have been supported through the first round of funding provided by IRP are included below:
Community Justice Initiatives
Extend-A-Family Waterloo Region
Family and Children's Services of the Waterloo Region
Guelph Community Health Centre - The SEED
KidsAbility Centre for Child Development
Northern Village Inc.
Reep Green Solutions
Sanguen Health Centre
Sumac Community Worker Co-operative Inc.
“As Canada enters a period of pandemic recovery, it’s crucial we invest in organizations who are helping us think and do things differently. We don’t want to go back to the status quo. We want to build back better, and create more resilient, sustainable and inclusive communities, where economic opportunities are fair and the benefits of wealth are shared,” says Andrew Chunilall (photo), CEO of Community Foundations of Canada, a national partner in the Investment Readiness Program.
Social purpose organizations strengthen local economies while giving back and creating more resilient and sustainable communities. IRP also creates and advances new earned revenue possibilities for charities and non-profits during this challenging time. For these reasons, IRP has a key role to play in pandemic recovery and also in moving Canada towards the UN’s Sustainable Development Goals. They promote prosperity while protecting people and our planet.
“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’re thrilled to announce the second round of IRP funding in Waterloo Region, Guelph, Stratford, Perth South and Centre Wellington starting on September 8, 2020. It’s another opportunity for local organizations to play an active role in rebuilding more resilient and inclusive communities.” says Elizabeth Heald, President & CEO, Kitchener Waterloo Community Foundation.