We’re excited to share highlights with you of the impactful work BOF achieved in 2023-2024, working to improve socio-economic outcomes for Black communities across Canada. Discover how we’ve been making a difference, empowering communities, and driving positive change. Watch now to see the impact of our work and join us in our mission to improve opportunities for Black Canadians.
Highlights include:
- Over $3.7 million allocated to support Black entrepreneurs and Black led, serving, and focused not-for-profits and charities (B3s) across Canada.
- $1 million used as collateral for loans for Black entrepreneurs declined loans by traditional banks.
- 1,448 Black businesses benefited from BOF supported capacity building programs
- $1,090,000 in grants given to Black community organizations leading impactful initiatives in Education, Health, Criminal Justice and Arts & Culture.
- $220,000 donated to Sick Kids Hospital to fund 2 important initiatives to improve outcomes for children being treated for Sickle Cell Disease.
- 244 Black entrepreneurs received non-repayable funding and subsidies to acquire permits, certifications and licenses, while enrolled in BOF supported capacity building programs.
- Launched a grant & capacity building program for Black led community organizations in partnership with Black Canadian Fundraisers Collective.
- Led national convenings to support policy initiatives around improving outcomes for Black people in Canada in the critical areas of Health, and Justice.
- Set up the structure to launch two $50 million investment funds – one aimed at creating home ownership opportunities for Black Canadians, and the other to invest in Black led businesses.
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