The Victoria Foundation’s update on the Community Prosperity Fund

The Community Prosperity Fund is a $25 million investment from the Government of B.C. that advances poverty reduction and social inclusion. The fund was announced on the inaugural B.C. Nonprofit Recognition Day. This special fund is part of the Government of B.C.’s commitment to supporting the non-profit sector and empowering local communities to make decisions through local community foundations.

The Victoria Foundation’s allocated funds from the Community Prosperity Fund will be distributed through our Community Grants Program in Greater Victoria. Integrating the available funding into the Victoria Foundation’s existing granting programs will enable us to distribute the funds more quickly and efficiently into our community. Due to the strong alignment between the purposes of our Community Grants Program and the Community Prosperity Fund, taking this step will respond to feedback from the community about reducing the burden of completing multiple applications.

Responding to record demand, over $1.3 million will be distributed through the Vital Stream. The funding in the Vital Stream will directly support organizations that have already applied to the 2024 Community Grants Program Vital Stream. Organizations will have an opportunity to apply for $270,000 in the Collaboration Stream in the fall, however it is a targeted call with more specific criteria.

Going this route means organizations in Greater Victoria do not need to apply through the Vancouver Foundation open call. If you are in the Gulf Islands, Cowichan Valley, or other parts of British Columbia, please check the map on the Vancouver Foundation website to see if your region is participating in the open call closing on June 24 or integrating it into their own funding calls.

Want to learn more? Connect with our grants team for more information.