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New Funding Streams for Non-Profits in British Columbia

New Funding Streams for Non-Profits in British Columbia

New Funding Streams for Non-Profits in British Columbia

Non-profit organizations in Langley may be able to access two new funding streams that have been announced by the provincial government.  These funding opportunities come from the Stronger Community Services Fund and are aimed at helping charities and non-profits make a lasting impact on their communities.

1) The Community Prosperity Fund
The Community Prosperity Fund is a $25 million initiative that will support BC community foundations. This fund will provide multi-year operational grants for charities and non-profits addressing poverty reduction and social inclusion across the province.  More info > 

  • Eligibility: Applicant organizations must be registered qualified donees by the Canada Revenue Agency and operate within British Columbia.
Complete eligibility requirements will be available this winter when applications open.

2) Lighthouse Organizations Fund
The Lighthouse Organizations Fund, also stemming from the Stronger Community Services Fund with a budget of $22.9 million, aims to distribute multi-year operational grants for charities working to advance poverty reduction and social inclusion across the province. Unlike the Community Prosperity Fund, this fund is designed specifically for individual, large charities.  More info > 

Key Information:
  • Purpose: The fund is designed to address the challenges faced by large charities in delivering essential services and support for poverty reduction. It provides multi-year operational grants to large, multi-service organizations with a provincial or regional footprint.
  • Eligibility: To be eligible, applicant organizations must be registered qualified donees by the Canada Revenue Agency and operate within British Columbia. Additionally, they should have budgets exceeding $15 million and meet specific criteria:
    • Have a provincial or regional scope.
    • Provide multi-services and operate on the frontlines in communities.
    • Face increased demand for services.
    • Serve equity-denied communities.
    • Work toward one or more of the six priority action areas outlined in the Government of BC's Poverty Reduction Strategy, including:
      •  housing, family, children, youth, education, employment, income supports, and social supports.
    • Incorporate one or more principles outlined in the Poverty Reduction Strategy into their programs and services, such as: affordability, opportunity, social inclusion, and reconciliation.
Application Dates:
  • December 1, 2023: Expressions of Interest open for the Lighthouse Organizations Fund.
  • January 15, 2024: Application period closes.
  • February 15, 2024: Assessments and final decisions will be communicated to all applicants.

 

If your organization meets the eligibility criteria, be sure to keep an eye on the application opening dates and take advantage of these resources to further your mission.