This new campaign asking foundations to increase donations could unlock $700 million for charities

Author Julie Ma
Here are three ways Give5-pledged foundations are making it happen

Why It Matters

Canadian charities could see upwards of $4.2 billion in donations dry up this year in the economic fallout from COVID-19. Canadaโ€™s GIVE5 campaign is asking foundations to step up and help address the gap.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"This new campaign asking foundations to increase donations could unlock $700 million for charities. The COVID-19 pandemic has already had a profound impact on Canada: there have already been over 56,000 cases of the virus across the country, and by early May, job losses are expected to hit 5.5 million. The economic repercussions of the pandemic have already exacerbated the challenges charities face, and Imagine Canada has predicted a drop in donations of between $4.2 billion and $6.3 billion this year. According to the organizers of a new campaign, this is the time for Canada\u2019s philanthropic community to step up. The GIVE5 campaign , launched by a collective of foundations across the country, is asking public, family, corporate, and community founda

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