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.