London Community Foundation
Email: [email protected]
Website: www.lcf.on.ca
Phone: 519-667-1600
Office Headquarters Address:
Covent Garden Market, 130 King Street, London, ON, N6A 1C5
Background
Year Founded: 1956/1974
Mission & Mandate: We create a vibrant, smart and caring community through strategic investing that drives innovative community-based initiatives.
Description: London Community Foundation is a charitable organization dedicated to improving communities across London and Middlesex County through collaboration, strategic leadership, and innovative solutions to charitable giving.
At London Community Foundation, we pride ourselves on our dedication to making a lasting impact on the community, supporting our donors with flexible and easy giving options, and the resilience of our financial model.
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
– Microlending
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Finance
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management Sustainable
– Transportation & Infrastructure
– Youth
Fund Characteristics
Social Impact Fund
AUM: $20 million
Vintage year: 2012
Closing year: Remains open
Fund term: 10 years
Asset class: Private debt, Private equity
Investor eligibility: NA
Minimum investment: NA
Geographic scope: Regional, London & Middlesex (75%), Provincial, Ontario (25%)
Committed capital: $20 million
Average investment size: $500,000 – $1 million
Investee type: Registered charities, Non-profit organizations, For-profit organizations, Individuals
Investment stage: Seed, Early
Success Story
Indwell
London, ON | 2019
Project Name: Woodfield Gate
Financing: $2.1 million
In February 2019, Indwell finalized the purchase of Woodfield Gate at 356 Dundas Street in downtown London. The building opened in July 2019 and is now home to 69 individuals, with 50 affordable units. Indwell has a partnership with the Parkwood Institute at St Joesph’s Health Care London and houses a number of patients from the mental health care program who no longer require hospitalization but are in need of supportive housing. London Community Foundation helped to fund the building’s construction and provided a low interest loan to Indwell to purchase it from the developer.
