Social Impact Fund


For many Foundations, much of their assets are locked into investments that don’t make any kind of intentional social impact. In 2012, our former Governor General challenged all foundations, both private and public, to direct at least 10% of their assets to impact investments by 2020.

LCF looked at the challenge as an opportunity to align our assets with our mandate: to create a vibrant, smart and caring community.  In 2012, LCF took 1% of its assets, approximately $650,000 at the time, and created the Social Loan Fund, prioritizing affordable housing.

228 Dundas Street

228 Dundas Street


Initially growing to $5M in 2018, gifts from two generous donors increased the size of the newly rebranded Social Impact Fund to $8.6M, reaching the 10% mark two years earlier than expected.

Currently, the Social Impact Fund has invested in a variety of both affordable housing and social enterprise projects. In 2018, we saw the completion of our first loan, an LCF led consortium providing $2.4M for the construction of Woodfield Gate at 356 Dundas Street, a 69 unit building containing 50 affordable housing units, 10 of which will be reserved for clients of Canadian Mental Health Association Middlesex. With the rest of our approved loans on track to being fully repaid on time, the Social Impact Fund has proven to be an excellent source of both financial and social returns.


Going forward, there will be an increased focus on measurement and reporting on social returns, aligning our impact with our Vital Signs report and integrating the United Nations’ Sustainable Development Goals. Although our priorities lie locally, we will also work with partners on both a regional and national level when opportunities arise that align with our values. We also look forward to continue working with our partners: Canadian Mortgage & Housing Corporation, the City of London, Lerners Lawyers, Libro Credit Union, London Housing Development Corporation, and Verge Capital