COVID-19 dries up traditional donations.Social Development Minister Ahmed Hussen’s office says the government is reviewing the launch of what’s known as the “social finance fund” given the pandemic.
Canada’s coronavirus deficit soaring to $343B as feds warn of ‘permanent change’ to economy The pandemic has had a deep financial effect on households, with much discretionary spending like charity being paused while economic uncertainty prevails.The Liberals had already embarked on a path to provide new sources of revenue to charitable and non-profit social services by connecting them with private investors to test new — potentially cheaper and more effective — ways of delivering their services.The idea is that investors will front the money.