Hamilton Community Foundation
Website: http://hamiltoncommunityfoundation.ca/
Phone: 905-523-5600
Office Headquarters Address:
120 King Street West, Suite 700, Hamilton, ON, L8P 4V2
Background
Year Founded: 1954
Mission & Mandate: To drive positive change by connecting people, ideas, and resources.
Description: Hamilton Community Foundation’s (HCF) mission is to drive positive change by helping people give in a way that has meaning to them and impact in the community, providing grants and financing to charitable organizations and initiatives, and bringing people together to address priority issues that affect Hamiltonians
Sectors
– Addressing Systemic Racism
– Affordable Housing
– Biodiversity & Conservation
– Business & Financial Literacy
– Cleantech
– Community and Social Purpose Real Estate
– Community Arts & Media
– Community Economic Development
– Co-operative, Community & Social Enterprise
– Education & Skills Development
– Employment & Training
– Food Security
– Gender Equity
– Green Buildings & Retrofits
– Health & Well-being
– Indigenous Social Entrepreneurship
– Microlending
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Finance
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management
– Sustainable Transportation & Infrastructure
– Youth
Fund Characteristics
Impact investment portfolio as part of larger total investment portfolio
AUM: $48 million of $210 million committed to impact investment
Vintage year: Portfolio started in 2010
Closing year: NA
Fund term: NA
Asset class: Multiple, including community bonds, private equity, and direct investments
Investor eligibility: NA
Minimum investment: NA
Geographic scope: Local, Pan-Canadian, Global
Committed capital: $48 million
Average investment size: $1.2 million
Investee type: Charities, Non-profit organisations, Social enterprises
Investment stage: Early, Mid, Late, Project development, Project construction
Impact Highlights
As illustrated in the chart above, we have generated steady growth toward our impact investment goals with $25 million currently placed or outstanding and an additional $15 million committed as of our fiscal year ended March 30, 2020. This brings our total commitment to $40 million, up from $34 million last year. Our impact investments cover areas including affordable housing, arts, environment, and sustainable development.
Nota Bene
Notable transactions: Providing 100% mortgages to supportive affordable housing providers to secure property for development pre-project approval. Balloon payment only (principal and interest) upon completion of development. Secures property for charity in rising real estate market to allow for pre-development work. Three loans have supported the development of 249 units of much-needed supportive housing in Hamilton.
