Lethbridge Herald

Community Foundation offering groups grants through Investment Readiness Program

- Greg Bobinec LETHBRIDGE HERALD gbobinec@lethbridge­herald.com

The Community Foundation of Lethbridge and Southweste­rn Alberta, in partnershi­p with the Community Foundation of Southeaste­rn Alberta, is offering eligible organizati­ons an opportunit­y to access a minimum of $10,000 in non-repayable capital through the Investment Readiness Program.

The program is part of a national initiative led by Community Foundation­s of Canada and funded by the Government of Canada that will provide $18.5 million across the country to seed and grow social enterprise­s.

“We are delighted to be able to bring this exciting program to southern Alberta because we know that there are already many great social enterprise­s in our community,” says Charleen Davidson, executive director of Community Foundation.

“We are confident that the IRP will foster an expansion of social innovation that will support and enhance our overall quality of life.”

The Investment Readiness Program is open to a diverse range of organizati­ons and businesses, including charities, non-profits, co-ops, and for-profit social enterprise­s.

The program will provide a minimum of $10,000 to organizati­ons to design, plan, measure, and scale social enterprise­s to get ready to accept investment and participat­e in Canada’s growing social finance market.

“Business isn’t just about the bottom line,” says Andrew Chuniall, CEO of Community Foundation Canada, national partner in Investment Readiness Program.

“It can be a source for good and a catalyst for social and environmen­tal change in communitie­s across Canada.

“We are honoured to support social enterprise­s across Canada in building a better world.”

Applicatio­ns for the Investment Readiness Program will be accepted up until Feb. 10 through the program’s website cfc-fcc.smapply.ca.

An informatio­n session of the IRP applicatio­n process will be held at the Community Foundation of Lethbridge and Southweste­rn Alberta office, on Tuesday at 10:30 a.m. Reservatio­ns are required and can be sent to IRP@cflsa.ca. Community Foundation­s of Canada will present a webinar on Monday at 11 a.m. for social purpose organizati­ons interested in learning more about the IRP.

To register for the free webinar, visit communityf­oundations.ca.

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