A smart, essential look at the ideas, trends, and innovations blending purpose and profit, from the Future of Good editorial team.
Canadian charities face increased demand for service across the country, even as charitable giving declines in the face of inflationary pressures. Innovative and flexible ways of contributing time and money could help close the gap between need and capacity, allowing community serving organizations to continue to provide support to those turning to charities to make ends meet.
As the cost of living climbs, more and more Canadians are turning to non-profits and charities for shelter, support, food and transportation. Without stable funding, these community services organizations may not be able to deliver.
Studies show that women and nonbinary-owned businesses typically have a higher return on investment. Increasing their access to capital to sustain their business gives them more economic freedom and opportunities to improve their communities.
How foundations, pension plans, organizations and individuals invest their assets has the power to fight climate change, nurture responsible government and drive social change. Raising awareness of responsible options can push investors towards sustainable options.
With inflation and reduced donations, some charities are looking for new ways to earn revenue. In parallel, a growing number of big institutional purchasers are looking to “buy social” — expanding the market opportunity for charities, non-profits and social enterprises to offer products and services.
Non-profits provide services many families rely on: food banks, shelters, and therapy. Without a boost in funding to account for rising programming demands and increased costs due to inflation, non-profits are having to cut back on services and programs that residents rely on.
