Toronto Foundation has long been dedicated to supporting positive social and environmental change to make life more equitable for everyone. Now, for the first time in our history, we are excited to offer Social Impact Investments to the public through an open call for proposals. These one-time investments, made in partnership with MaRS Centre for Impact Investing.
Funding Type: Loan
Deadline: currently closed
Grant Amount: $250,000 - $1,000,000
Eligibility Criteria: For a detailed list of eligibility criteria, please see Phase 1 on the application form
Incorporated not-for-profit organizations
For-profit organizations with public benefit clearly demonstrated
Registered business in Ontario as sole proprietorship, partnership or co-operative with public benefit clearly demonstrated
Eligible Region(s): Ontario-based organizations that are creating positive social and environmental change for people across Ontario
Your application submission should include:
An initial intention to submit email, sent to Jaymin Kim at email@example.com by 5 pm on Friday, January 25, 2019
A completed application form, sent to Jaymin Kim at firstname.lastname@example.org with subject line: “Application: Toronto Foundation Social Impact Investment” by 5 p.m. on Wednesday, February 20, 2019
Your completed application form should present your argument for why your organization should receive impact investment funds. It should emphasize your impact (both financial terms and social benefits), the plan of action, and clearly demonstrate how the investment will be repaid.
Toronto Foundation will consider each application on its own merit as well as each application on a portfolio-basis, to ensure we achieve a diverse impact investment portfolio. Applications will be subject to four evaluation phases, as laid out in detail in the submission guidelines.
In Phase 1, applicants will answer a series of yes/no questions to determine basic eligibility. Only applicants who meet all the eligibility criteria will move forward to Phase 2.
In Phase 2, designated reviewers will evaluate each eligible application by ranking criteria as “high” and “medium,” as outlined in detail in the application form. Applications with the highest scores will move on to Phase 3.
In Phase 3, applicants will deliver a 20-minute in-person presentation to the selection committee, with an additional 10 minutes for Q&A. A template for the presentation will be provided in advance.
In Phase 4, the selection committee will engage in deeper due diligence on the potential investment.
Finally, recommended investments will be put forward to the Toronto Foundation’s Board of Directors for final approvals, and then legal agreements will be put into place for those selected for investment.
For more detailed information, see the submission guidelines.
Toronto Foundation: Established in 1981, Toronto Foundation is a registered charity and one of 191 Community Foundations in Canada. We pool philanthropic dollars and facilitate charitable donations for maximum community impact. Our individual, family and organizational funds number more than 500 and we administer over $400 million in assets. Through strategic granting, thought leadership, and convening we engage in city building to strengthen the quality of life in Toronto. Philanthropists come to us to help simplify and enhance their charitable giving in Toronto and across Canada. We also offer a community of like-minded people for those who want to make connections, learn and amplify their impact by collaborating with others.
MaRS Centre for Impact Investing: A leading force in growing the impact investment market in Canada. It creates innovative ways for investors to fund social enterprises and charities with investments that create both a financial return for them and a dividend for society