Welcome to our blog. Join us here to read about the latest in social finance, impact investing, and loans to nonprofits and charities in Canada.
The first question we ask of our clients is “How would your organization use a loan?” We want to know their aspirations, what they could achieve with more resources. We also want to know whether they’ve done the necessary groundwork to use that loan effectively, that they have the discipline to meet their objectives. When […]
I had the pleasure of participating on a panel at the Philanthropic Foundations of Canada conference in October. The panel was called Social Finance: From Theory to Practice and, as I prepared for the panel, it struck me just how much the nonprofit sector has changed in the years I’ve been involved in it.
The vehicle charities and nonprofits believe they have been using most – grants from government and other sources – can’t get the job done for everyone and hasn’t for many years. It is a source that is becoming more and more scarce and for some has run dry completely. It’s not a surprise that over 40% of system revenues now come from fees and other sources. Yet, there are many groups that still believe that grants are the only option.