LCF Funds Social Purpose Organizations with $216,537 to Support Recovery Efforts and Prepare for Investment

LCF Funds Social Purpose Organizations with $216,537 to Support Recovery Efforts and Prepare for Investment

LCF has awarded $216,537 amount in funding to 6 more social purpose organizations in London & Middlesex County as part of the Government of Canada’s Investment Readiness Program (IRP). These organizations are working to create meaningful jobs, strengthen the charitable and nonprofit sector, and address social challenges, including the United Nations 2030 Agenda for Sustainable Development. These organizations will be better prepared to receive investment, including through the Government of Canada’s Social Finance Fund.

LCF received a high volume of applications for the highly competitive program. A full list of local organization supported by the program can be found here.

“The pervasive and wide-ranging effects of the global pandemic has placed Canadian communities in crisis. Recovery efforts must be transformative to meet the test of an uncertain, and at the same time, hopeful and prosperous future. Philanthropy will play a critical role in this future as we consider new ways of deploying our capital and engaging communities. Our investments should aim to alleviate the systemic factors perpetuating inequality, with an eye to a sustainable and inclusive economy for all Canadians. Consequently, social entrepreneurs and impact investors form critical infrastructure to lead our recovery efforts and meet the urgency of the moment. Our work with the IRP is about meeting this moment.”

- Andrew Chunilall, 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. The 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.

For more information, visit lcf.on.ca/irp.