Up-front multi-year funding - Employment and Social Development Canada’s Departmental plan for fiscal year 2026 to 2027
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Black-led Philanthropic Endowment Fund
General information on up-front multi-year funding to the Foundation for Black Communities
Recipient information: Foundation for Black Communities (FFBC)
Start date: March 31, 2023
End date: March 31, 2034
Link to departmental result(s): not-for-profit organizations, communities and other groups have an enhanced capacity to address a range of social issues, such as the social inclusion of persons with disabilities, the engagement of seniors and support for children and families
Link to department's Program Inventory:
- core responsibility: social development
- program: Black-led Philanthropic Endowment Fund
Purpose and objectives of transfer payment program: The Black-led Philanthropic Endowment Fund seeks to provide a sustainable source of funding for black communities in Canada. It has endowed the FFBC with responsibility to invest the endowment and use the investment income to provide funding to Black-led, Black-focused and Black-serving (B3) organizations across the country, including those serving Black individuals at the intersection of multiple forms of oppression.
Total funding approved (dollars): $199,476,227
Total funding received (dollars): $199,476,227
Planned funding in 2026-27 (dollars): $0
Planned funding in 2027-28 (dollars): $0
Planned funding in 2028-29 (dollars): $0
Summary of recipient's annual plans: the Foundation for Black Communities (FFBC) will continue to allocate funds dedicated to support Black-led, Black-mandated, and Black-serving (B3) organizations across Canada. By continuing this investment, FFBC reaffirms its commitment to strengthening the capacity, sustainability, and impact of Black organizations that are driving change in their communities
Social Innovation and Social Finance Strategy - Social Finance Fund
General information on up-front multi-year funding to the Social Finance Fund
Recipient information: Social Finance Fund
Start date: April 1, 2021
End date: March 31, 2039
Link to departmental result(s): Canadians and communities are empowered to address social issues
Link to department's Program Inventory:
- core responsibility: Social development
- program: Social Innovation and Social Finance Strategy
Purpose and objectives of transfer payment program: the Social Finance Fund (SFF) seeks to accelerate the growth of a vibrant and self-sustaining social finance market in Canada. It seeks to attract new investment in social finance and improve access to capital for Social Purpose Organizations. This will increase the capacity of those organizations to generate social and environmental impacts by providing repayable and non-repayable contributions to social finance wholesalers (for example: professional investment managers)
Total funding approved (dollars): $400,000,000
Total funding received (dollars): $342,755,823
Planned funding in 2026-27 (dollars): $60,000,000
Planned funding in 2027-28 (dollars): $0
Planned funding in 2028-29 (dollars): $0
Summary of recipient's annual plans: in 2026-27, recipients will continue to deploy repayable funding to social finance intermediaries and social purpose organizations according to their respective investment strategies. Recipients will also continue to deploy non-repayable funding for the purpose of market-building activities, such as providing capacity-building support, reducing the cost of capital, and raising awareness about social finance