Calgary Foundation formally launched its Impact Investing Program in 2016.
The program’s intent is to provide flexible debt financing for Calgary and area charities working in all parts of the community.
The Calgary South West United Soccer Association borrowed $150,000 to help cover improvements to its new indoor soccer facility.
Eleanor Luxton Historical Foundation borrowed $500,000 for phase one of its Beaver St. Streetscape project – a site-wide renovation initiative that will restore and enhance one of Banff’s most intact contiguous historic streetscapes.
Inn from the Cold Society used mortgage financing of $1.5M to purchase an 11-unit apartment building to serve as an emergency satellite shelter space for families.
The Jack Long Foundation used mortgage financing of $150,000 to purchase land from the City of Calgary to build Elderhouse, an affordable seniors living facility.
The Kahanoff Centre for Charitable Activities (KCCA) built a second tower which doubles the amount of space KCCA is able to offer. KCCA approached its shareholder, Calgary Foundation, to guarantee construction ($32.3M) and takeout financing ($37.5M) and to provide a $5.0M loan to aid in the expansion.
Knox United Church borrowed $1.0M to help restore the façade of its building and launch a community hub in the downtown core that includes a sanctuary café.
The National Music Centre borrowed $5.0M to help scale its programming and ancillary revenue streams.
Theatre Calgary borrowed $800,000 to help launch a new adaptation of A Christmas Carol.
HomeSpace borrowed $3.2M as a bridge loan to move ahead with the purchase of Sierra Place, a downtown office tower which will be renovated to become 82 units of affordable housing, while waiting for other construction funding and financing to be finalized.
Fresh Start Recovery Centre borrowed $240,000 to install solar panels on the roof of its residential treatment centre. The loan was repaid early when other funds weren’t secured and the project was cancelled.
Closer to Home borrowed $2.6M to purchase land from the City of Calgary to build a mixed-use facility with therapeutic programs that promote stable, healthy and safe living environments for children and family unification.
Autism Aspergers Friendship Society of Calgary (AAFS) borrowed $175,000 to train staff to implement new software to help autistic adults with daily independent living.
The Calgary Drop-In and Rehab Centre used a $3.0M secured loan to help renovate a former hotel in the community of Greenview into an affordable housing facility called Centre 4800.
Calgary Reads Society borrowed $800,000 to help purchase the Inglewood property where it operates the Little Red Reading House.