Investing in Community
SVP Announces Two New Investments in Waterloo Region’s Nonprofit Sector
Social Venture Partners Selects Planned Parenthood as its 2015 Nonprofit Grantee & SVP Teens Provides Grant to Reception House
Waterloo Two local charities will receive new funding, as well as the time and talent of partner and teen volunteers, from Social Venture Partners Waterloo Region (SVP). SVP is a network of community-minded individuals in Waterloo Region, including local professionals, entrepreneurs, philanthropists, parents, student leaders, and community builders. SVP partners and teen volunteers are investing both time and funds to help address social challenges and strengthen the local nonprofit sector.
SVP announced that is has selected Planned Parenthood Waterloo Region as its 2015 nonprofit grantee. Planned Parenthood is a highly respected community hub providing accessible sexual, reproductive, and pregnancy health resources and support to the people of Waterloo Region. Their age appropriate education programs reach more than 5000 children and young people each year through engaging and interactive workshops in schools and community centres.
SVP intends to invest in Planned Parenthood Waterloo Region over multiple years. Planned Parenthood will receive an initial grant of $20,000 this year plus the time and talent of SVP’s partner network providing substantial pro bono consulting support to help develop stronger management practices, strategies and systems to increase the grantee’s effectiveness and ability to fulfill its mission.
“Planned Parenthood plays an important role in our region and we are excited to start supporting them as they grow to meet demand and new opportunities,” said Jennifer King, SVP’s Executive Director. “We were impressed with their board, leadership and staff, as well as their strong programs including programming with children, young people, and multicultural communities. We’re eager to roll up our sleeves and start our work with them.”
“It is such an honour for Planned Parenthood to be selected as the SVP investee,” said Lyndsey Butcher, Executive Director of Planned Parenthood Waterloo Region. “To be able to partner with a funder that brings both financial resources and much needed expertise to the table is such a tremendous opportunity. We are looking forward to working with the SVP volunteers to strengthen our organization and increase our visibility in the community.”
Since its first grant in 2011, SVP has donated more than $225,000 in unrestricted funding and close to $500,000 in the form of volunteer time from its partners for total support of more than $725,000.
SVP Teens also announced a $4000 grant to refugee youth programs at Reception House, a community-based organization which provides a warm welcome, programs and services to government assisted refugees who settle in the Waterloo Region. Reception House locally serves approximately 245 newly-arrived refugees and about 75 secondary migrants each year.
SVP Teens is an SVP philanthropy program for high school aged students. The teens have worked together since September, learning more about their community, deciding on their grant focus, evaluating proposals, short-listing candidates, conducting site visits, and raising funds for their grant pool. They will also be volunteering with Reception House on youth-related projects.
“Following our first grant of $5,000 to KidSport KW last year, we were excited to build on what we learned and find out more about other organizations serving youth in our region,” said Owen Martin, SVP Teens Chair and a grade 12 high school student. “It was eye-opening to see the great work of Reception House. They are really making a difference in the lives of refugee youth and we hope to be able to get involved working on peer tutoring and other activities this summer.”