Community Impact Investments provide debt financing to Calgary and area
charitable organizations working in all parts of the community.
Investments enhance the financial
resources available to charitable organizations. Where appropriate, investments
offer an alternative to grants and can add to the financial capacity of the
charitable sector. Community
Impact Investments provide measurable community benefit to Calgary
and area and demonstrate a feasible repayment plan with financial return proportional
to risk. Charities and
nonprofit organizations with investment
opportunities are welcome to contact the Calgary Foundation to discuss their projects.The Calgary
Foundation has recently received a generous gift from a visionary anonymous donor who shares the belief in the importance of this work
and has provided the Calgary Foundation with a $20 million donation to seed the impact investment fund.
Read the guidelines below for more information about the process
and contact the Calgary Foundation’s Community Investment Associate to discuss your investment opportunity.
Investments to Date:
cSPACE – cSpaceKing Edward Creative Hub and Arts Incubator
cSPACE will transform
the 100 year-old sandstone King Edward School into a 21st Century hub for
creativity. The result will be a 47,000 square foot facility delivered
through the adaptive reuse of the original heritage school as well as a new
addition and two associated art studio pavilions. Renovations will create
a portfolio of production, rehearsal and creative spaces for local artists and
nonprofit organizations to generate new work, innovate in their missions and
accelerate their impact. The Calgary
Foundation enabled cSPACE’s purchase of the school and its grounds with mortgage financing of $8 million.
Kahanoff Centre for Charitable Activities – Phase II
The Kahanoff Centre
for Charitable Activities improves the work of charities by reducing their
administration and facility rental costs. KCCA has been providing office
and conference space to local charitable organizations at below-market rates
for over ten years. The decision to build a second tower doubles the
amount of space KCCA is able to offer. KCCA approached its shareholder, the
Calgary Foundation, to guarantee construction financing of up to $32.3 million.