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 2017, eight grants totalling $100,000 were distributed to emerging or expanding co-ops across Canada that are tackling important issues.
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.