The Co-operators Foundation
In 2016, The Co-operators contributed a total of $7,559,330 to various initiatives that support Canadians and our communities. This number amounted to 4.1% of The Co-operators pre-tax profits using the Imagine Canada formula, which qualifies us as a Caring Company with Imagine Canada for demonstrating leadership in community investment.
To qualify for the Caring Company program, a company must contribute a minimum of 1% of its pre-tax profits to Canadian charities. One of the principal ways The Co-operators made this contribution was through The Co-operators Foundation, which includes the following programs:
In 2016, over $1 million dollars was donated to numerous social enterprises, co-operatives, charities and not for profit organizations across Canada through support of the United Way, and other corporate donations.
In 2016, a total of $500,000 was granted to 26 community-based organizations whose programs increase employability and job creation for marginalized youth and people with mental health challenges. An additional $260,000 was directed to seven organizations to help prepare Syrian refugees for employability in Canada.
In 2017 to date, $366,500 has been granted to 15 organizations.
In 2016, $125,600 was granted to 10 emerging or expanding co-operatives across Canada.
The IMPACT! Fund supports alumni of the IMPACT! Youth Program for Sustainability Leadership’s conferences and regional training workshops. To date IMPACT! alumni have received $758,883 in funding for their projects. Read about the recently funded youth leaders, and learn more about the IMPACT! program here.