Community Economic Development Funds

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Community Economic Development Funds
Barbara Turley-McIntyre, Manager, Corporate
Citizenship CSR Forum June 1, 2006
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Why CED ?

• To be able to work in my backyard, its a dream.
  I want to keep working here. Im hoping to
  teach someone else. Take someone else from the
  street and teach him also that he can do it
  tooIf I could teach one person and he could
  teach another, that would be satisfaction
  enough.
• Source A recipient of The Co-operators CED
  Funding.

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CED Funds

• Established in 1995
• 4,642,000 in the 50th Anniversary Fund
• 1.4 million to 43 organizations
• Grants range from 6,000 - 20,000
• Disbursed 263,700 to 15 organizations

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43 CED Fund Recipients
ATLANTIC Nova Scotia 3 New Brunswick - 2 PEI
1 Newfoundland 1
CENTRAL Ontario 11 Manitoba 4 Saskatchewan - 4
WEST Alberta - 5 British Columbia - 12
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CED Criteria

• Focus on marginalized individuals communities
• Build capacity
• Community partners
• Budget/funding requests
• Measures of success

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Stella Burry Community Services
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All A Board Youth Ventures
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Community Ownership Solutions
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St. John Community Loan Fund
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St. John Community Loan Fund

• Does it support the social economy how?
• What type of programs does it manage?
• Whos on their team?
• Who are their other funders?
• Leveraging is it a factor?
• Have they met their success criteria?
• How many years have we funded?
• Are they sustainable?
• What happens if/when we exit?

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Future Considerations

• Increased funding requests
• Program resources
• Geographic representation
• Focus our funding

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Future CSR Collaboration

• Marketing to the niche
• Opportunities for collaboration
• Leverging
• Supporting both sides