The Victoria Foundation continues to build impact through our investment portfolio, generating a return on investment socially and fiscally.
Impact investing refers to investments made into companies, organizations, and funds to develop a measurable, beneficial social or environmental impact as well as a financial return. The Victoria Foundation has allocated up to 15% of the value of the Common Trust Fund to impact investments, providing capital to address social and/or environmental issues. Currently, the impact investing portfolio sits at $12 million. While we have several impact investments in motion, here is a fund we are currently supporting.
Thrive Impact Fund
Launched in May of 2021, the Thrive Impact Fund is a community-based loan fund investing in and providing support for impact organizations and social enterprises focused on creating positive social, environmental, or cultural benefits within Victoria and across the province. In addition to financial support, investees gain access to a community of impact organizations and entrepreneurs, with monthly connections to a community of peers and expert support to realize opportunities and mitigate challenges.
To qualify for funding, organizations need to show at least one year of earned revenue to be eligible for the financing options, which include early revenue loans, flexible term loans, and revenue-based financing, with terms from three to seven years, depending on the loan structure.
Additional organizations in Victoria Foundation’s impact investment portfolio:
- Community Forward Fund
- Rally Total Impact Fund
- Mackenzie Greenchip
- Canadian Canoe Museum
- VanCity Affordable Housing Fund
Learn more about our Impact Investing work with the Thrive Impact Fund and Thriving Non-Profits program via Scale Collaborative at VictoriaFoundation.bc.ca/pulse.