Contributions and Partners
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Philanthropy: an evolving sector
Philanthropy is evolving, and we remain committed to continued learning and improvement. In 2024 we pursued our commitment to transfer $30 million of our endowment to community-focused, Indigenous-led foundations. We also updated our Communities strategy to better support community-led solutions to systemic challenges. A key update was the introduction of a new strategic pillar: regeneration, which focuses on supporting solutions that enable recovery from historical harm. In addition, we continued progress toward achieving a 100% impact investment portfolio by 2028 (more details in our Investments overview).
$6.2M
in funding to non-qualified donees (NQDs)
We contributed 21% of our total funding to NQDs (organizations without charitable status) whose work aligns with our mission. NQDs generate incredible impact in communities from coast to coast to coast.
2024 financial overview
In 2024 we allocated 5.06% of our assets to charitable activities and less than 1% towards non-charitable and investment expenses.
We also transferred $1 million to the Indigenous Peoples Resilience Fund and $1 million to Ulnooweg. We have now committed $12 million of our total $30 million capital transfer commitment.
$33.23 million
Total charitable allocation in 2024
$657 million
Average asset value over eight quarters
Total charitable allocation in 2024
We allocated over $25 million to partners through our three focus areas: Communities, Climate and Reconciliation. An additional $7.9 million was directed to our Capacity Strengthening and Montreal funding streams.
*This chart does not include capital transfers.
Learn more about our partners
Our partners continue to inspire us as we work to create a more resilient, inclusive and sustainable society. We have the pleasure of partnering with a range of communities and organizations through our interconnected focus areas of Climate, Reconciliation and Communities, as well as our Capacity Strengthening and Montreal funding streams.
68
new partners
We welcomed 68 new partnerships in 2024. We also received 394 funding applications.
1,074
office hours appointments
We held 1,074 conversations with groups considering applying for funding. These meetings were an opportunity to hear their ideas and advise them on potential alignment with our focus areas.
New and continuing partnerships
We added 68 partnerships across our funding areas and continued 155 others. Combined, they represent 223 active partnerships.
Where our partners work
Each year we map where our partners work. This exercise offers insight into where our support is going — and where it is not. This information will inform our reflections, decisions and partnerships.
*This map does not include partners funded through the Montreal stream, and our program development and opportunity funds.
