Social Venture Partners Enables Younger Community Members to Amplify Their Giving
SVP Introduces Associate Partner Level in Waterloo Region
WATERLOO Social Venture Partners Waterloo Region (SVPWR) has introduced an Associate Partner level to enable younger community members to amplify their impact while giving to local nonprofits. Associate Partners will also benefit from the professional and social relationships they can build while networking with other Partners both locally and globally.
"This new partnership level will open up SVP’s appeal to a wider group of community members and empower those who want to make a difference in their community to do so," said Tim Jackson, Board Chair at SVPWR. "This is an engaged style of giving where partners donate their time, talent and funds to maximize the results of their investment in local charities. That style is particularly relevant to the types of young, active people in our community that automatically jump in when they see a need."
SVP is a global network of local individuals that is focused on tackling Waterloo Region’s social challenges, particularly around child and youth development. In addition to investing in carefully vetted local nonprofits, SVPWR cultivates effective philanthropists and strengthens charities by contributing thousands of volunteer hours designed to help nonprofits develop strong management practices, strategies and systems that will increase their effectiveness and ability to fulfill their mission. In turn, SVPWR partners realize rewarding benefits from their relationships with local nonprofits and each other, resulting in shared learning and increased giving of both time and money.
While SVPWR Partners commit a minimum tax deductible contribution of $5,000 per year for a minimum of two years and volunteer with SVPWR or its vetted nonprofits, such as Strong Start (www.strongstart.ca) and Woolwich Counselling Centre (www.woolwichcounselling.org), Associate Partners make a minimum annual tax deductible contribution of $2,500 in addition to actively volunteering. Associate Partners must be 35 years of age or younger and can be comprised of two individuals where there is a family or significant personal relationship such as spouses, partners, siblings or parent/child, with a maximum term of two years.
“The Associate Partner level will not only enable younger partners to join SVPWR, but will also provide a two-way learning opportunity between new and experienced philanthropists,” said Jennifer King, Executive Director at SVPWR. “This partner option is common and quite successful with other SVP affiliates and is ideal for a community like Waterloo Region where there is a strong population of young, talented and creative community members. We are excited to have a partnership offering for younger donors.”
SVPWR’s Associate Partner offering comes shortly after the federal budget announcement of a First-Time Donor’s Super Credit to encourage more Canadians to give to charity. The proposed credit would add 25 percentage points to the Charitable Tax Credit for donations made by individuals who have not claimed the tax credit since 2007.