Hamilton Community Foundation

Hamilton Community Foundation (HCF) is a Community Foundation that pools donations and Financial endowments into a coordinated investment and grant-making facility dedicated primarily to the social improvement of Hamilton, Ontario. Its current President and CEO is Terry Cooke, the former Regional Municipality of Hamilton-Wentworth regional chair and Hamilton Spectator columnist.

HCF is the oldest community foundation in Ontario. It was founded in 1954 and modeled after Winnipeg Community Foundation, the first Community foundation in Canada. The concept of a permanent endowment that issued grants was unfamiliar to Hamiltonians at first, and HCF secured just $100 in gifts in its first year. However, its gifts and endowments grew steadily and it reached $10 million in assets by the Foundation's 40th anniversary in 1995. Today, the Foundation’s assets stand at some $180 million.

HCF is governed by a board of directors who are selected by a nominating committee that consists of the Mayor, Chief of Police, President of the Hamilton Chamber of Commerce, President of the Hamilton Law Association, and Chair of the United Way of Burlington and Greater Hamilton and up to two members at large.

Historical Timeline

1954

HCF becomes first community foundation in Ontario; one of the first in Canada. It was established through Private Act of provincial parliament and staffed by volunteer executive director Cameron MacGillivray. Founding board members included James V. Young.

1982

Judith McCullogh becomes first full-time executive director.

1995

Carolyn Milne becomes the CEO of the Foundation, whose assets total $10 million.

2000

$40 million donation was made by philanthropist Joyce Young, one of the largest gifts in Canadian history at that time. The donation enables HCF to launch strategic philanthropy with a broad community consultation and research on the best ways to use its unique position and proactive, planned and focused use of its resources.
Our Millennium is launched; HCF`s first community engagement process. The initiative asked local citizens to make a gift of time, labour or money to a community project. Over 250,000 people, including pre-schoolers and seniors, registered as participants and more than 450 monetary gifts were donated.
A focus on youth in philanthropy is established with the launch of a Youth Advisory Council

2003

Growing Roots… Strengthening Neighbourhoods program is launched, demonstrating the impact of small grants.

2004 – 50th Anniversary

HCF board launches Tackling Poverty Together, granting $3 million towards poverty reduction initiatives in over four years. Program is subsequently expanded in 2007 to TPT II: Building Strong Neighbourhoods, culminating in over a decade of funding and community leadership under TPT II.

2005

Protecting Our Environment Together is launched, with a strategic focus on citizen and youth engagement and increasing sustainability of environmental sector.

2010

HCF welcomes Terry Cooke, former Regional Municipality of Hamilton-Wentworth regional chair as President & CEO.
HCF produced its first Vital Signs report with the Hamilton Spectator. The report reinforced the city’s critical neighbourhood disparity issue, which The Spec had brought to public attention in its Code Red series.

2011

HCF announces its partnership with the Community Forward Fund to offer loans with CFF providing the due diligence, administration, and evaluation services and also offering financial advisory services to loan recipients.
The first loan is made to Hamilton Artists Inc. a long-standing artist-run centre that supports and reflects the diverse environment of the community. A loan from HCF’s community investment fund allows the completion of a building project in the city's burgeoning James Street North arts community while awaiting promised financing that had been delayed.

2012

Young Fund was used as pilot portfolio for Impact Investing. A loan is made to the Mustard Seed co-op, a social enterprise dedicated to locally produced and sustainable food.
HCF hosts His Excellency the Right Honourable David Johnston, Governor General of Canada for a visit to Hamilton.^[1]

2013

Women 4 Change, HCF’s first collective giving fund was launched. In response to research that demonstrates the disparate needs of women,^[2] the group’s goal is to support programs and initiatives that advance the lives of women and girls in the community while helping local women to become philanthropic leaders.

2014 – 60th Anniversary^[3]

Supported by Pioneer Energy, HCF marked this milestone with a Celebrate Your Community day inviting all residents of Hamilton to access cultural, recreational, heritage and conservation sites for free.
HCF adopts a new visual identity and tagline, “History made, future intended” reflecting its collective legacy to Hamilton and the opportunity to be a part in shaping its future.
During an anniversary celebration to acknowledge and thank the community, the Hogarth Family of Pioneer Energy announces a $4 million gift^[4] to the foundation.

2015

Established “20 by 2020” target for impact investments. This involves achieving 20% of HCF assets represented by impact investments by the year 2020.

2016

Launches ABACUS, a partnership initiative of HCF and The Fairmount Foundation which focuses on improving education prospects for students in middle-school years.
His Excellency the Right Honourable David Johnston, Governor General of Canada addresses a group of 400 guests at Cathy Wever School in celebration of ABACUS initiative.
HCF receives Standards Program accreditation from Imagine Canada.
HCF achieves record granting of $7.9 million.^[5]

Community leadership

HCF has disbursed over $96 million in grants since its formation in 1954. The grants are distributed across all charitable sectors in the community: arts, education, environment, health and human services and recreation.

The foundation has long been known for its community leadership in addressing priority issues that affect Hamiltonians. Addressing the city's high poverty rate, it launched a multi-year commitment to poverty reduction in 2002, with a focus on strengthening low-income neighbourhoods, engaging and supporting residents to take a leadership and have a voice in the changes needed. This strategy was later adopted by the City of Hamilton in creating the Neighbourhood Development Strategy office in 2010. HCF was a co-founder of the Hamilton Roundtable for Poverty Reduction with the City of Hamilton and other community stakeholders. "HRPR" has earned national attention^[6] for its innovative approach to poverty reduction.

HCF supports neighbourhoods in different ways:

Funding community development workers in all of the NAS communities. These workers play an important role in helping resident leaders to connect and engage their fellow citizens.
Supporting small grants programs in NAS neighbourhoods. The funds enable neighbours to develop and implement projects most meaningful to their community.
Leadership training in the Neighbourhood Leadership Institute. This program enhances the skills of neighbourhood and community leaders from the NAS communities by allowing them to participate in leadership training while developing a local project idea.

Some of other community leadership projects include:

ABACUS: Advancing post-secondary access. ABACUS is a partnership initiative of HCF and The Fairmount Foundation. Recognizing the impact that increased high school graduation and post-secondary access would have on Hamilton, ABACUS focuses on improving the academic, community and environmental factors that most directly affect the likelihood of students continuing their education. By starting intervention in the middle-school years, the goal is to help young Hamiltonians facing multiple barriers increasingly access post-secondary education. In 2015, HCF will grant over $1 million from the Community Fund to ABACUS programs.
Hamilton Roundtable for Poverty Reduction: HCF and the City of Hamilton launched the Roundtable over a decade ago to focus on systemic-level change needed to reduce and eliminate poverty in Hamilton. As the 2015 recipient of the national Cities Reducing Poverty Award, the Roundtable continues to be acknowledged for its collaborative efforts to influence public policy and promote social inclusion

Impact Investing

In October 2010, HCF's board of directors established the $5 million Hamilton Community Investing Fund enabling the foundation to put more of its assets to work locally. The fund enables the foundation to invest directly some of its assets into the community, or social/environmental enterprises, rather than into the stock market. The investments can take the form of direct investment into charitable or non-profit ventures, or as loans to qualified organizations for purposes which further the foundation’s mission.

In 2013, HCF moved on a number of investment strategies targeting financial returns coupled with social impact, using the majority of The Young Fund – HCF’s largest donor-advised fund – as a pilot for selecting socially responsible investments in the public markets (where environmental, social and governance practices are important investment considerations). The balance of The Young Fund is being used for directly investing in funds and organizations that seek both social and financial returns.

Impact investing involves three components. Through the Hamilton Community Investment Fund, HCF provides funds for investments and/or loans to local organizations and projects. Direct impact investments are investments made in organizations and funds that have intentional social and/or environmental impact. Some current direct impact investments include Renewal III, Sarona Frontier Markets, Resilient Capital, New Market Funds and Greenchip Global Equity. Through ESG Public Market investing, HCF uses investees’ environment, social and governance impact in addition to financial returns as considerations for investment.

In 2014, HCF provided a loan for Mustard Seed, the first co-op in Hamilton. The loan provided the necessary capital to launch the grocery store, offering locally produced and sustainable food.

Early in 2015, the Young Fund committed to investing in the New Market Funds Trust, which supports the development of affordable housing. HCIF provided mortgage financing to Indwell to build 47 supportive housing units on Main Street East just east of Kenilworth – on a former used car lot. Its Perkins Centre, across the street, provides 46 affordable bachelor apartments. Along with direct investment commitments on Renewal 3 Trust, Mercer Private Investment Partner III-Sustainable Opportunities Fund and Trillium Housing Fund, a total of close to $7.0 million was earmarked for direct impact investment.

In 2015, HCF also established a “20 by 2020” impact investing target. The proposed goal is to have 20% of HCF assets represented by impact investments by the year 2020.

Hamilton's Vital Signs

On October 4, 2012, HCF published the third edition of Hamilton's Vital Signs, an update on its two previous reports which examine various aspects of community health, in co-operation with the Hamilton Spectator. Hamilton's Vital Signs looks at such aspects as the gap between rich and poor, environment, belonging and leadership, economy, learning, health, housing, transportation, arts, safety and education. The reports have supported the findings of wide neighbourhood disparity brought to public attention by the Spectator's Code Red series.

The 2015 Vital Signs report takes a critical look at the socio-economic landscape of Hamilton, acknowledging that not every Hamiltonian or neighbourhood shares in the prosperity. The report shows that basic needs such as affordable housing, secure jobs and living wage continue to be a priority for many residents.

Hamilton Vital Signs TV

A monthly series on local Cable 14 is supplementing the public's understanding of the issues. The show aims to stimulate community awareness, conversation and action on the issues that affect quality of life for all Hamiltonians.

References

External links

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