Federal Government Releases Report on Social Finance

The federal government recently issued a report entitled Harnessing the Power of Social Finance: Canadians Respond to the National Call for Concepts in Social Finance. The Foundation was pleased to see that a proposal it submitted with Aboriginal Savings Corporation — for financing new home construction on Aboriginal reserves — was among 15 highlighted in the report, along with those of several partners and grantees, including Pathways to Education, YMCA Canada, Boys and Girls Clubs Canada, Maytree Foundation, the Omega Foundation and the Carleton Centre for Community Innovation. Foundation grantees The Centre for Impact Investing and the Chantier de l’economie sociale have played an important role in developing the field of social finance in Canada and Quebec respectively.
To read the Government of Canada’s full report, click here. To learn more about the Foundation’s work in social finance, click here.