Government of Canada unveils 26 funding partners for the renewed Investment Readiness Program — and this time, it includes direct support for Black communities

Author Kylie Adair
The Foundation for Black Communities will work with Community Foundations of Canada on a granting stream for Black-led and Black-serving organizations

Why It Matters

Black-led, Black-serving organizations receive about 0.7 percent of Canadian philanthropic dollars. The IRP’s boost in support could help them gain greater access to the country’s social innovation ecosystem.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Government of Canada unveils 26 funding partners for the renewed Investment Readiness Program \u2014 and this time, it includes direct support for Black communities. The Government of Canada announced this week who\u2019ll distribute the renewed $50 million Investment Readiness Program (IRP).\u00a0 The Investment Readiness Program is an initiative of the Social Finance Fund, a $755 million federal government initiative announced in 2018 to boost the amount of repayable capital available to social purpose organizations, including charities and non-profits. The program provides funding to organizations that may not be ready to take on this kind of loan.\u00a0 The renewed program will see four organizations act as \u201creadiness support partners\u201d,\u00a

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.