Funding for non-profits and charities is always precarious. A shift in federal leadership or government may mean a shift in priorities, which could disrupt programs and services across the country.
It's vital for those in the social services world to continue to learn, grow and implement new ideas.
When outside interests take over a small or medium business, manager positions are usually the first to be cut, removing large salaries from communities. Often, the business is purchased then closed, leaving holes in the community. Employee Ownership Trusts help businesses stay in local communities when a business has no successor, and contribute to employee retention and financial wealth.
Data on the philanthropic sector is scarce. A new report aims to help fill the gap with new information on public and private foundations' granting and investments.Â
The Parliamentary Secretary to the Minister of Finance talks about Canada's current state of social finance and the role of government in ensuring all Canadians have equitable access to capital, and ensuring that money changes communities and lives for the better.
Between 1960 and 2023, public social expenditures more than doubled from less than 10 per cent of GDP to more than 20 per cent on average across Organization for Economic Cooperation and Development (OECD) countries. However, these investments in social and environmental causes have not resulted in as much impact as hoped. The answer partly lies in how those resources are deployed in these causes.
