Community Forward Fund
Email: [email protected]
Website: http://communityforwardfund.ca/
Phone: 613-366-1169
Office Headquarters Address:
400-119 Spadina Ave., Toronto, ON M5V 2L1
Background
Year Founded: 2012
Mission & Mandate: Community Forward Fund provides financing for Canadian non-profits and charities with positive social and community impacts that is tailored to their needs.
Description: The Community Forward Fund (CFF) is a loan fund that exists to support Canadian non-profits and charities. CFF is designed to address a gap in the sector and the ability of charities, non-profit organizations, and social enterprises to have access to patient, working capital and bridge loans. The Fund has established a strong loan underwriting and repayment track record that allows it to establish reasonable goals for its rate of net return to investors. Our vision is a well-financed and sustainable charitable and non-profit sector in Canada.
Sectors
– Affordable Housing
– Business & Financial Literacy
– Community Arts & Media
– Community Economic Development
– Co-operative, Community & Social Enterprise
– Education & Skills Development
– Employment & Training
– Green Buildings & Retrofits
– Health & Well-being
– Indigenous Social Entrepreneurship
– Microlending
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management
– Sustainable Transportation & Infrastructure
– Youth
Fund Characteristics
Community Forward Fund
AUM: $13.6 million
Vintage year: 2012
Closing year: Remains open
Fund term: Evergreen
Asset class: Private debt
Investor eligibility: Institutional, Accredited
Minimum investment: $150,000
Geographic scope: Pan-Canadian
Committed capital: $13.6 million
Average investment size: $350,000
Investee type: Non-profit organisations, Non-profit social enterprises, Registered charities
Investment stage: Mid, Late
Success Story
Ulnooweg Development Group
Truro, Nova Scotia | 2018
Financing: Amortizing term loan
Ulnooweg is a non-profit Aboriginal Financial Institution that supports 34 Mi’kmaq and Maliseet First Nations and Inuit communities. It has more than 67,000 members across Atlantic Canada and has disbursed over $66 million to the Atlantic Canada Indigenous community in the form of business and community loans. Ulnooweg’s loan demand has recently begun to exceed its available capital and federal government funding support, both in terms of volume and loan limits. Federal capital sources cap total loan values at $250,000, limiting the ability of Ulnooweg to support larger economic development opportunities. In order to meet the needs of its community, Ulnooweg sought financing from the Community Forward Fund. Ulnooweg expects its funding capacity and the resulting impact in terms of community development and jobs created to increase with the 2018 loan from CFF.
