By Staff
October 15th, 2023
BURLINGTON, ON
Community Development Halton is pleased to welcome 10C Shared Space for two presentations on social finance and how nonprofits, charities, and community groups can act on the innovative possibilities that social financing offers to strength our organizations, build community wealth, and resilience.
Social finance is a tool that seeks to mobilize private capital for the public good. It creates opportunities for investors to finance projects that benefit society and for comomunity organizations to access new sources of funds. – Employment and Social Development Canada
Social finance is money lent today to create social change – for today and tomorrow. – 10C Shared Space
As a non-profit founded in Guelph, Ontario in 2009, 10C Shared Space has used social financing for several projects, from piloting a learning project, to purchasing a property, to launching a community lending fund. They have activated over $3M in capital for social finance-related projects which has supported not only 10C’s sustainability, but also accelerated wide community impacts.
While non-profits and charities have not typically used social financing as a tool for their work, the terminology has begun to show up in granting opportunities and messaging about the future of the non-profit sector. This year the federally supported $755 million Social Finance Fund was launched through Employment and Social Development Canada to support “charities, non-profits, social enterprises, co-operatives and other social purpose organizations to access flexible financing opportunities” for impact.
In Session #1 we learned how social finance can support or dramatically change the work of our organization. Join us on ZOOM for session #2, Social Finance 201, happening on October 19, 2023, where we will work together on locally relevant ideas and solutions, surfacing questions, and opportunities specific to your work. Your organization might access social financing to:
Purchase property or land necessary for your work- Invest in core infrastructure and equipment for your operations
- Create a lending circle or local fund to support the work of entrepreneurial changemakers
- Hire lead staff to launch a new revenue generating program
- Develop a new product or service, or scale an existing program to higher levels of revenue generation
- Create a revenue-generating product or service that provides revenue to offset the costs of a core grant or donor-funded program
Prepare your organization to access these opportunities. Register for Social Finance 201 today!
SOCIAL FINANCE 201
October 19, 2023
1:00pm – 3:30pm
CDH Members: $20 per session
Non-Members: $30 per session
