The important work of the Canadian Task Force on Social Finance has gained traction through the creation of the RBC Impact Fund. The Royal Bank of Canada’s $10 million capital fund and further $10 million for investment in SRI funds will provide the necessary funding for groups that focus on social or environmental issues and engage in activities that are intended to generate a financial return. In partnership with Task Force members Ilse Treurnicht, Task Force Chair and CEO of MaRS Discovery District, Tim Brodhead, Former President and CEO of The J.W. McConnell Family Foundation, Sam Duboc, Chairman of Pathways to Education Canada and Founder of Edgestone Capital Partners, Stanley Hartt, Chairman of Macquarie Capital Markets Canada. Tim Jackson, CEO Accelerator Centre, Rt. Hon. Paul Martin, Former Prime Minister and Minister of Finance and Founder of Cape Fund, Nancy Neamtan, President and Executive Director of The Chantier de l’économie sociale, Reeta Roy, President and CEO of The MasterCard Foundation, Tamara Vrooman, CEO of Vancity Credit Union and Bill Young, President of Social Capital Partners, 3ci participated in the research and contributed to the Task Force’s report and recommendations.
Please click here to access the related article by Tara Perkins in the Globe and Mail, and here to view the blog by Adam Spence at SocialFinance.ca