The Canadian government announced an investment that will enable the Trico Charitable Foundation to launch a project that helps not-for-profit organizations increase the impact of their social enterprises.
Trico Charitable Foundation is receiving over $1.5 million in federal government funding for its Enterprising Non-Profits Canada project.
The investment is a move to test whether not-for-profit organizations can address social challenges with non-federal government funding.
“Our Government is committed to exploring new ways to achieve better results for Canadians, which means working with local organizations to develop solutions that meet the individual needs of communities,” said Diane Finley, Minister of Human Resources and Skills Development, in a statement. “We are proud to partner with organizations such as Trico Charitable Foundation to help address complex social issues and we are excited to see the results of this project.”
The project is funded as part of the Government of Canada’s Social Partnerships Strategy, aimed at investing in organizations that support the well-being of Canadians through understanding the issues Canadians face and providing greater access to information, programs, and services.