WindsorEssex Community Foundation Announces Successful Recipients of Investment Readiness Program Round 1
The WECF has granted $190,000 to organizations working to do good in the Windsor-Essex-Sarnia community by accessing funding that is non-repayable capital to design, plan, measure, and scale social enterprises in order to get ready to accept investment through the Investment Readiness Program. This is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada to that will provide $18.5 million across Canada to seed and grow social enterprise.
Community Foundations of Canada is a partner in the Investment Readiness Program (IRP), which helps deliver capital from the Government of Canada to social purpose organizations preparing to successfully participate in the social finance market. As a Regional Partner with CFC in delivering the IRP, the WECF has empowered others to unlock innovative solutions to social challenges.
The WindsorEssex Community Foundation, originally founded in 1983 as Heritage Windsor, is a perpetual community trust for philanthropic purposes. It exists to manage donors’ legacy funds and make grants to support local community programs. Through grant making activities, the WECF is able to establish partnerships to assist a broad range of community organizations.
IRP Round 1 Results
WECF received a high volume of applications for the highly competitive program. This funding has supported the following projects.
- $25,000 to fund Bryerswood Youth Camp Optimist Club
- $25,000 to fund Caldwell First Nation
- $15,000 to fund COOK-UP Inc.
- $25,000 to fund Kiwanis Club of Forest
- $30,000 to fund Learning Disabilities Association of Windsor-Essex County
- $10,000 to fund Multicultural Council of Windsor and Essex County
- $15,000 to fund Sarnia-Lambton Rebound
- $23,000 to fund Southwestern Ontario Gleaners
- $10,000 to fund The Arts & Cultural Alliance of Windsor Essex County
- $12,000 to fund Welcome Centre Shelter for Women & Families
Social purpose organizations strengthen local economies while giving back and creating more resilient and sustainable communities. 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 in moving Canada towards the UN’s Sustainable Development Goals. They promote prosperity while protecting people and our planet.
“Business isn’t just about the bottom line. It can be a source for good and a catalyst for social and environmental change in communities across Canada. We are thrilled to announce the second round of IRP funding in Windsor Essex, Lambton and Kent County starting on September 8, 2020. It’s another opportunity for local organizations to play an active role in rebuilding more resilient and inclusive communities.” – Lisa Kolody from WindsorEssex Community Foundation
WindsorEssex Community Foundation worked with a consortium of partners. Sarnia Community Foundation, Downtown Windsor Business Accelerator, Windsor-Essex Regional Chamber of
Commerce, Workforce WindsorEssex, EPI Centre