Corporate Funding Programs

To start a charitable foundation, it is important to learn more about the different types of registered charities, write a comprehensive business plan, and secure financing.

Choose a Cause

The first step is to choose a charitable cause such as helping communities in developing countries, clothing poor people, helping people with disabilities or eating disorders, or helping neglected or physically abused kids. Or you can choose to support the poor and homeless, single mothers, or mentally challenged children. There is plenty of choice when it comes to charitable causes.

Registered Charities

In Canada, registered charities fall in three categories, private foundations, public foundations, and charitable organizations. Charitable foundations, in particular, raise funding from different donors and use the money for charitable activities. They fall under different jurisdictions, including territorial and provincial, and the federal government. Preferential tax treatment applies as well as tax exemptions to support charitable activities.

Business Plan and Sections

Writing a good business plan is one way to secure funding for your charitable foundation. The business plan covers different sections such as organizational structure, executive summary, operational plan, etc. It is a good idea to include a section that describes your organization, including legal status, current state, history, and aims, values, mission, and vision. Make sure you list core values such as openness, quality, participation, inclusiveness, non-discrimination, sustainable living, etc. In your operational plan, focus on things such as legal requirements, equipment and premises, resources required, and day-to-day operations. When it comes to financing, key elements include your pricing strategy, sources of income, expenditure and costs, and forecast, i.e. cost table and cash flow forecast. It is a good idea to include a section on risk, including operational and financial risk (see here), compliance and regulatory risk, and external and governance risk. Finally, it is important to include the biographies of staff, including your trustees and management team.

Sources of Financing for Your Charity

Charities rely on different sources of funding such as the government, transfers from businesses, earned income, gifts and donations, and others. Major sources include programs and agencies such as the Youth Stem Program in Ontario, the Ontario Trillium Foundation, and more.

More Options @ Life on credit

In some cases, charities need external financing in the form of a loan (see here), for example, to buy or upgrade equipment or materials, to renovate, purchase, or build a facility, or to meet operating needs. This is also the case when a charitable organization needs bridge financing or seeks to diversify its funding sources. Some charities also apply for external financing to increase their revenue stream. In these cases, one option is to apply with finance companies and another is to borrow from a fund. Funds like the Community Forward Fund, for example, offer loans to non-for-profit organizations based on factors such as capacity, plans, and financial requirements and story.

Corporate Funding Programs

In Canada, corporate funding programs are run by different organizations and institutions, including Air Canada, the Affinity Credit Union, Bell Canada, BC Hydro – Community Investment, and others. The Affinity Credit Union, for example, devotes 3 percent of its pretax income to non-for-profit organizations working in different areas. The union supports charities with a focus on agriculture, community building, affordable housing, arts and culture, youth programming, economic development, and so on. The Allstate Foundation of Canada supports charitable organizations working in different areas, including home and road safety, crime prevention, education, and others. Alcan Inc. also supports charitable organizations with a focus on community services, the environment, healthcare research, technology, education, etc. Other players to look into include BMO Financial Group, the BGL Foundation, Fairmont Hotels and Resorts, and many others.

Medical Fundraising and Charitable Services in Canada

Different medical fundraising and charitable services and organizations work in Canada to promote healthcare, alleviate poverty, and help improve access to education and medical services.

Canadian Physicians for Aid and Relief

CPAR is a charity and agency with a focus on international development, safe and healthy environment, and healthcare. The agency works in different regions around the globe to support vulnerable communities, including Tanzania, Uganda, Malawi, and Ethiopia. Revenue mainly comes from government funding, donations, and investment income.

Canadian Medical Foundation

The Canadian Medical Foundation engages in fundraising activities, events, and efforts, including legacy giving, major and tribute giving, special events, donor advised funds, direct marketing, and others. The foundation works in different areas such as refugee and immigrant health, rural medical health, and Indigenous communities’ health.

Kidney Foundation of Canada

This is a nation-wide volunteer foundation that works to enhance public awareness, improve access to healthcare, offer support and education, and raise funds for research. The foundation offers support services, including summer camps, peer support, financial assistance, and more. Financial assistance is available in the form of compassionate loans, travel loan programs, and bursary programs. The foundation also offers educational resources such as fact sheets, brochures, and a patient handbook with information on healthy eating, treatment, kidney disease, etc.

Canadian Liver Foundation

CLF or the Canadian Liver Foundation engages in support and advocacy for better treatment, diagnosis, and prevention. The foundation offers information on common liver syndromes and diseases such as hepatitis C, B, and A, liver cancer, fatty liver disease, cystic disease of the liver, and others. Support services and programs are available, including the Peer Support Network and the National Help Line.

Ovarian Cancer Canada

This is a registered charity that works to raise public awareness and offers funding for research on treatment options and early detection. Ovarian Cancer Canada helps women with peritoneal, fallopian, and ovarian cancer to find local support groups across Canada. Such groups are, for example, the West Island Cancer Wellness Center, Northern Lights Peer Support Group, and HopeSpring Cancer Support Centre.

Multiple Sclerosis Society of Canada

The Multiple Sclerosis Society offers services and support to institutions, employers, healthcare professionals, relatives, and patients with MS allied disease and multiple sclerosis. The society offers a peer support program, webinar series, education programs, workshops, and conferences. Patients, students, and healthcare professionals are offered information on hot topics such as vitamin D, stem cells, physical activity and exercise, diet, and others. Patients also benefit from wellness, social, and recreation programs, self-help and support groups, and information and referral. Financial assistance is also available in the form of permanent loans and grants to purchase equipment. There are funding opportunities for researchers as well, for example, the endMS Master’s Studentship Awards, endMS Summer Studentship Awards, and Network Program and Training Activities. The society also organizes targeted competitions and offers research grants for research on mental health and cognition, therapeutic approaches, repair of nerve cells, diagnosis and causes, etc. The goal is to improve quality of life for patients with multiple sclerosis and their families. The association engages in fundraising activities and there are different ways to donate, including legacy giving, monthly giving, gift in honor, memorial gift, and one-time gift.

Other medical fundraising charities and organizations include the Canadian Hospice Palliative Care Association, Parkinson Canada, Osteoporosis Canada, and Muscular Dystrophy Canada.

Copyright Grandslamtegh 2018