McConnell Foundation announces capital transfers to 3 Indigenous organizations

Author Sharlene Gandhi

After announcing in 2023 that it would transfer $30 million of its endowment to Indigenous-led philanthropic organizations, the McConnell Foundation has brought on three new partners.

On Nov. 5, the foundation announced that it would be transferring capital to the Ulnooweg Indigenous Communities Foundation in Atlantic Canada, the Eeyou-Eeyou Community Foundation in northern Quebec, and the Annauma Community Foundation in Nunavut. 

They join the Indigenous Peoples Resilience Fund (IPRF), which received a $10 million capital transfer from the McConnell Foundation in 2021. 

A capital transfer is often contributed “above and beyond the annual disbursement quota”. It can be used for operations, to create new organizations, or to develop a new long-term fund, the Foundation wrote in a paper with researchers from the Canadian Philanthropy Partnership Research Network. 

The research cites other examples of capital transfers from Canadian foundations to Indigenous-led philanthropy, such as the Inspirit Foundation and the Laidlaw Foundation, which committed $1.9 million and $2.5 million in capital funds, respectively.

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  • Sharlene Gandhi is the Future of Good editorial fellow on digital transformation.

    Sharlene has been reporting on responsible business, environmental sustainability and technology in the UK and Canada since 2018. She has worked with various organizations during this time, including the Stanford Social Innovation Review, the Pentland Centre for Sustainability in Business at Lancaster University, AIGA Eye on Design, Social Enterprise UK and Nature is a Human Right. Sharlene moved to Toronto in early 2023 to join the Future of Good team, where she has been reporting at the intersections of technology, data and social purpose work. Her reporting has spanned several subject areas, including AI policy, cybersecurity, ethical data collection, and technology partnerships between the private, public and third sectors.

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