The Co-operators Foundation
In 2018, The Co-operators contributed a total of $8.8 million to various initiatives that support Canadians and our communities. This number amounted to 4.3% 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 2018, over $2 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 2018, we granted a total of $549,000 to 23 community-based organizations whose programs increase employability and job creation for marginalized youth (aged 16-34) and individuals with mental health challenges.
In 2018, 11 grants totalling $100,000 were distributed to emerging or expanding co-ops who are helping to address important issues in communities across Canada.