In 2006, in the London CMA, the average household spent 22.6% of their income on housing compared to 23.0% in Ontario and 21.8% in Canada. (Source: Statistics Canada)
Community foundations are philanthropic organizations that collect charitable gifts from contributors to build endowment funds and use the investment income to distribute awards in specific geographic areas. Community foundations also serve as leaders, assessing the quality of life in their communities and bringing people, ideas, and resources together to help communities become stronger and more resilient.
In Winnipeg, Manitoba, Canada's first Community Foundation was created in 1921. There are now over 191 Community Foundations across Canada, each offering a unique approach to make a difference through philanthropic giving and providing support to specific communities.
Community foundations provide a range of services to meet the needs of the communities they serve, whether they are small or large. Education and human services programs, such as literacy and homelessness assistance, are common areas of support.
The London Community Foundation is a philanthropic organization dedicated to helping communities around London and Middlesex County via collaboration, strategic leadership, and creative charitable giving solutions. The Foundation maintains the long-term viability of the community by investing gifts in perpetuity.
Their movement works to affect — locally, nationally, and worldwide – as part of a network of over 191 Community Foundations across Canada and over 1800 community foundations worldwide. J. Allyn Taylor founded the London Community Foundation (LCF) in 1954.
Your money is invested and retained forever as an endowment when creating a fund with London Community Foundation. This means that your initial gift is unaffected. Still, the interest and investment returns earned by your donation are available for you and your family to donate to organizations, projects, or initiatives of your choosing year after year.
In addition to supporting you with your philanthropy, their trained staff can offer guidance on the community's most pressing needs, all while keeping your best interests in mind and assisting you in giving back in a way that is significant to you. LCF's network of foundations and charities enables them to offer tailored contributions, and their board of directors and grants committee guarantees that resources entrusted to them are used wisely.
Here are some of the initiatives successfully carried out by the London Community Foundation.
The Strong Together Fund will serve as a centralized collection point for donations, allowing LCF to consolidate funds from organizations and individuals who desire to help the Muslim community in London and Middlesex County. A tax receipt will be issued for any donations over $20.
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The building of affordable housing has always been the primary objective of LCF's Social Impact Fund. LCF formalized this promise in 2020, and the Affordable Housing Fund was formed with the aid of LCF’s dedicated donors (AHF).