Blended finance pilot fund to become permanent

Author Diane Berard
Quebec’s Fonds l’ampli will migrate from a pilot project to a permanent fundc

Why It Matters

Pilot projects often face a make-or-break moment. Fondation Lucie and André Chagnon stepped up with a $1 million pledge to match community bonds and preferred shares issued by social economy organizations across Quebec. Over the next two years, each philanthropic dollar invested sparked an average of $12.80 in community contributions. Now, a permanent fund is taking shape.

Fondation Lucie and André Chagnon stepped up with a $1 million pledge to match community bonds and preferred shares issued by social economy organizations across Quebec. Over the next two years, each philanthropic dollar invested sparked an average of $12.80 in community contributions.

Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.