New Funding for Saskatchewan Social Purpose Organizations
Social purpose organizations across the province invited to apply for new federal Investment Readiness Program funding
Saskatoon, October 4, 2020 — Saskatoon Community Foundation is offering eligible social purpose organizations working for positive impact in Saskatchewan the opportunity to access funding through the federal Investment Readiness Program (IRP). This is part of a $50 million national initiative, delivered by Community Foundations of Canada and other support partners, and funded by the Government of Canada, designed to support and expand social enterprises from coast to coast to coast.
Applications to the IRP are open to a diverse range of organizations and businesses including charities, non-profits, co-ops, and social enterprises. The program provides $10,000 to $75,000 to the organization to create, manage, and expand social enterprises to become ready to accept investment.
The Investment Readiness Program is designed to help social enterprises across Canada grow, build their capacity to accept investors, and participate in Canada’s growing social finance market.
In 2020, IRP funding was awarded for 11 Saskatchewan social purpose organizations in Round 1, and nine in Round 2, enabling these social enterprises to become investment ready. For information about funded projects, visit the Investment Readiness Program website. Community Foundations of Canada is a national partner in the IRP, and Saskatoon Community Foundation is a regional partner.
Applications for the IRP should be submitted by November 22, 2022 through the program’s website for consideration.
About the Program:
Community Foundations of Canada is a partner in the Investment Readiness Program (IRP) which helps allocate funds 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, Saskatoon Community Foundation will help empower others to unlock innovative solutions to social challenges.
About Saskatoon Community Foundation:
Saskatoon Community Foundation inspires philanthropy, builds community, and leads change in Saskatoon. The foundation stewards $67.8 million in endowed and non-endowed funds and manages $24.8 million in funds for other charitable organizations, ensuring a reliable stream of grant funding flows into the community forever. The foundation has worked and served on Treaty 6 Territory and the Homeland of the Métis since 1970. It has disbursed over $51.4 million in grants for the community, supporting over 280 charities and representing over 350 fundholders. Beyond charitable sector expertise, the foundation’s professional staff team brings passion for actively supporting positive change in our community for quality of life, youth, equity, inclusion, and reconciliation. Follow Saskatoon Community Foundation on Facebook, LinkedIn, Instagram, and Twitter or visit our website at saskatooncommunityfoundation.ca.
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