Investment Readiness Program Results Announcement
Brant Community Foundation has awarded $144,000 in funding for two local organizations as part of the Government of Canada’s Investment Readiness Program (IRP). This $50 million renewed investment supports social purpose organizations, such as social enterprises, non-profits, charities and co-operatives, as they strengthen Canada’s social finance market while supporting their communities.
Brant Community Foundation received a high volume of applications for the competitive program, and is pleased to announce funding for the following two projects:
- $69,000 to Organized Kaos to fund the OK Construction Project
- $75,000 to Mississaugas of the Credit First Nation to fund the Moccasin Identifier Project
“There are so many inspiring community leaders looking to make a difference in new and innovative ways,” says Anne Marie Peirce, Brant Community Foundation’s Executive Director. “We look forward to seeing the Investment Readiness Program help these recipients grow their impact even more.”
Brant Community Foundation is part of The Golden Horseshoe Partnership, a consortium of eight community foundations and Sheridan College. Collectively, the partnership has awarded $1,138,822 in funding to social purpose organizations as part of the Government of Canada’s Investment Readiness Program (IRP).
“The Investment Readiness Program has been a catalyst for communities across the country, and we are delighted to be sharing the program’s results today. From coast to coast to coast, social purpose organizations are showcasing bold leadership and rethinking how revenue generation can work alongside increasing community impact. We continue to be inspired by the creativity and solutions that strengthen the resilience of the charitable sector while taking on tough social challenges. We are deeply appreciative of our network of community foundations, the Foundation for Black Communities, and the Government of Canada for their continued collaboration and care” says Andrea Dicks, President of Community Foundations of Canada, a national partner in the Investment Readiness Program.
The Investment Readiness Program was open to a diverse range of organizations and businesses, including charities, non-profits, co-ops and social enterprises. The program provided $10,000 to $75,000 to create, manage, and expand social enterprises in order to get ready to accept investment.
The Investment Readiness Program will help social enterprises across Canada grow, and build their capacity to accept investors, and participate in Canada’s growing social finance market.