Toronto Foundation is investing in social and environmental change in Ontario

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Toronto Foundation | January 2019

toronto foundation social impact investing - Toronto Foundation is investing in social and environmental change in OntarioToronto 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, will range from $250,000 to $1,000,000 and will go to approximately five Ontario-based organizations that are creating positive social and environmental change for people across Ontario. A total of approximately $1.6M will be invested.

The 2019 Social Impact Investment call for proposals is now open and will close at 5 p.m. on Wednesday, February 20, 2019.

Access the submission guidelines (here) and application form (here). 

If you have questions about applying, please direct them to Jaymin Kim at jkim@marsdd.com with subject line “Question: Toronto Foundation Social Impact Investment” by 5pm on Friday, January 25, 2019. Answers to all questions received will be posted on Toronto Foundation’s website on Wednesday, January 30, 2019.

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What is Social Impact Investing?

Social impact investing, also known as social finance or impact investing, is designed to generate both a positive social/environmental impact and a financial return. To learn more about Toronto Foundation’s work in Social Impact Investing, click here.


Who can apply?

The following organizations are eligible to apply for social impact investments:

  • 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

All organizations must be headquartered in Ontario and generate impact that directly accrues to Ontarians.

For a detailed list of eligibility criteria, please see Phase 1 on the application form.


What does my application need to include?

Your application submission should include:

  • An initial intention to submit email, sent to Jaymin Kim at jkim@marsdd.com by 5 pm on Friday, January 25, 2019
  • A completed application form, sent to Jaymin Kim at jkim@marsdd.com 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. For more detailed information, see the submission guidelines and application form.

Continue for more information --> here

 

 


NCFA Jan 2018 resize - Toronto Foundation is investing in social and environmental change in Ontario The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Coindesk | Nikhilesh De | Sep 24, 2020 A new bill could bring cryptocurrency exchanges under a single federal framework. The Digital Commodity Exchange Act of 2020, introduced Thursday by Rep. Michael Conaway (R-Texas), seeks to create a federal definition of “digital commodity exchanges,” putting them in their own legal category and charging the Commodity Futures Trading Commission (CFTC) with oversight. The bill outlines a new framework for digital currencies, treating them similarly to commodities under the Commodities Exchange Act, which governs that asset class. Under the framework, crypto exchanges would enjoy a federal jurisdiction, allowing them to operate in the entire U.S. rather than applying for 49 different state money transmission licenses. The DCEA also allows for certain types of initial coin offerings. See:  Banks in US Can Now Offer Crypto Custody Services, Regulator Says If passed, the act would streamline a number of disparate cryptocurrency regulations in the U.S., creating legal clarity for token issuers and lowering the barrier to entry for exchanges hoping to operate in a compliant manner. “The proposed legislation builds on the existing commodity market practices required of Futures Commission Merchants (FCMs) to protect customer assets. DCEs would be required to segregate customer assets and ...
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Wealth Professional | James Burton |Sep 23, 2020 Robo-advisor trumpets easy-to-use, transparent and safe product, which is now open to investors Weathsimple Crypto went live yesterday, with more than 130,000 Canadians having signed on to the waitlist since the product was announced last month. The digital platform is offering commission-free trading of the two largest cryptocurrencies, Bitcoin and Ethereum, through a mobile trading app. The robo-advisor believes it will make a largely complex and inaccessible asset class more inclusive and easy to use. There is no minimum account size, no charges for deposits or withdrawals, and no extra hidden costs. Wealthsimple CEO Mike Katchen told WP that its primary arim is to be simple and accessible. He said: “You don’t need to be an expert in cryptocurrency or blockchain to use this platform. It’s geared toward people who are interested in learning more or dipping their toes into crypto trading. The other big one is that the pricing is transparent. The price you see when you tap buy is what you pay — no extra hidden costs. There’s no minimum account size, and we don’t charge for deposits or withdrawals. Watch FFCON20 Video:  Wealthsimple's Road to Regulatory Crypto Approval and What it Means ...
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share save 171 16 - Toronto Foundation is investing in social and environmental change in Ontario