Grants and Contributions:

Agreement Number:

20072781

Agreement Value:

$95,258,110.00

Agreement Date:

Mar 8, 2024 - Oct 31, 2030

Description:

The objective of the Social Finance Fund is to accelerate the growth of Canada’s social finance market by:.• Supporting the development of existing and emerging Social Finance Intermediaries .• Broadening the reach of social finance to underserved Canadian populations, sectors and regions, including rural communities and the North.• Enabling the sustainable growth of diverse Social Purpose Organizations.• Advancing Canada’s progress towards achieving the United Nations Sustainable Development Goals..

Organization:

Employment and Social Development Canada

Expected Results:

The expected outcomes of the Social Finance Fund are increased: .• private capital is leveraged by social finance wholesalers and Social Finance Intermediaries into the social finance market.• size and number of Social Finance Intermediaries accessing the Social Finance Fund.• access to capital by Social Purpose Organizations .• amount of capital available to diverse Social Purpose Organizations, and for investments advancing gender equality.• affordability of capital available to Social Purpose Organizations.• growth of Social Purpose Organizations accessing the Social Finance Fund.• social and environmental impacts generated by Social Purpose Organizations accessing the Social Finance Fund.

Location:

Toronto, Ontario, CA

Reference Number:

141-2023-2024-Q4-00192

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

Not-for-profit organization or charity

Recipient's Legal Name:

Boann Social Impact L.P.

Program:

Social Finance Fund

Program Purpose:

The Social Finance Fund seeks to foster a vibrant, self-sustaining social finance market. It aims to attract new investment in social finance, improve access to capital for Social Purpose Organizations, and increase the capacity of those organizations to generate social and environmental impacts.