We need to re-think how we can support frontline organizations and accelerate our impact at scale. Violence in Toronto is a public health crisis, we need bold investments to break the philanthropic sector-enabled cycle of poverty.
By making an open-ended and comprehensive commitment to communities in conflict with the law, we can help reduce violence, improve economic well-being, and create equitable access to opportunities these communities so desperately lack.
We actively engage our community partners throughout multiple pathways of collaboration, from advocacy and mobilization support to stipends and grants. Few existing opportunities introduce communities to people, places, and professions that can equip them to build sustainable lives and livelihoods. Where resources do exist, the duration of engagement is brief, sometimes no more than a year or two. It takes much longer to catalyze meaningful and lasting change.
We connect community partners with comprehensive support services, from legal aid to mental health. This helps ensure sustained and sustainable growth. We are fortunate several grassroots groups are working to remedy these gaps for Toronto youth, but they too need added support.
We practice full-cost funding rooted in trust-based philanthropy. We are committed to supporting our community partners beyond just financial means. Pre-existing relationships mean that funders often overlook smaller organizations. Grantees are locked into budgets that stifle innovation. Reporting requirements make it burdensome to take on funding. Similar to the youth they serve, these community groups need many years of unconditional support to reach their goals and lift their communities.
We need the philanthropic community to play a stronger role in addressing the inequalities that exist in our city that lead to violence.
Foundations across Canada have amassed over $80 Billion in tax-payer assets, designated solely for charitable purposes.
We need significant philanthropic reform to ensure that these tax-payer assets are serving communities in need.
Justice Fund is calling for the Government of Canada to introduce legislative changes to the Income Tax Act to ensure the philanthropic sector is more equitable and accessible.
Increase the disbursement quota from 3.5% to 10% immediately.
Lift the restriction on non-qualified donee.
Require all Canadian foundations to redirect their assets towards 100% impact investments by 2030.
Introduce mandatory spend-down requirements for all newly registered foundations in Canada and introduce guidelines to grandfather all existing foundations to spend their assets within a 30-year deadline.
Require a disbursement quota for each individual donor-advised fund (DAF).
Provide matching 1:1 incentives to foundations that transfer up to 3.5% of their capital assets to Black-led, Black-mandated, Black-serving and/or Indigenous-led public philanthropic foundations.