OUR INVESTEES NEED YOUR HELP
We are having ongoing discussions with our current and alumni Investees to determine their needs. Here are the key issues.
The Challenge: Disruptions and Uncertainty
There’s been an overall disruption to program delivery and operations for our Investees. Investees are concerned about their ability to deliver programs and services to our community’s most vulnerable groups, and are anxious about the health and sustained employment of their staff.
The Need: Financial Contributions
Disruptions in typically predictable income streams have our Investees thinking about their carrying costs and reserves (some have more reserves than others). Investees need unrestricted dollars to deploy where they need it the most. Amidst the need to mobilize additional programming to combat the effects of the outbreak, our Investees are experiencing:
- Loss in revenues from cancelled fundraisers
- Loss of revenues from earned income streams and social enterprise operations that have been limited or suspended
- Loss of donated goods and services (see Backpack Buddies’ struggle) resulting in the need for money to replace in-kind items
Fund Details: Priority and Disbursement
Our focus is non-profits that provide direct support to vulnerable children and youth, particularly: kids with disabilities, kids that are food insecure, youth at risk, and school kids now learning from home. SVP will disburse funds based on:
- Ability to provide immediate support to a vulnerable population
- Financial losses and the need to maintain operations
The Process: Getting Money Where It’s Needed
Applications for $10,000 grants will open as soon as sufficient funds are available and be disbursed on a rolling basis. We will only require a brief written explanation of how Investees plan to deploy this funding. We will increase grant sizes if additional funds can be leveraged. SVP’s Investment Committee will make decisions on funding based on the recommendations of SVP staff.
How You Can Help: Make a donation to the COVID-19 Capacity Relief Fund TODAY
In this time of crisis, no gift is too big or too small—every dollar counts. SVP is dispersing your donations to the organizations who’ve identified the most urgent need.
WAYS TO GIVE:
Charitable Registration Number: BN: 866683196RR0001
You will receive a full tax receipt for your contribution. Our team will be in touch as soon as we receive notification of your donation. Thank you!
Thank you to the SVP Partners who have donated to the Fund
John and Sally Zaplatynsky
Bob and Elizabeth-Anne Armstrong
Jim and Deb Yeates
Jim and Casey Fletcher