Hamilton Community Foundation

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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.

Contents

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 $193 million. [1]

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

1982

1995

2000

2003

2004 – 50th Anniversary

2005

2010

2011

2012

2013

2014 – 60th Anniversary [4]

2015

2016

2017

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 [8] for its innovative approach to poverty reduction.

Community leadership projects include:

The ABACUS initiative has three components:
  1. Grants to community organizations for programming that increases students’ exposure to, and readiness for, post-secondary education
  2. Grad Track pilot program for youth facing multiple barriers
  3. Identifying systems-level barriers and challenges in Hamilton

Impact Investing

In October 2010, HCF's board of directors established the $5 million Hamilton Community Investment 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 at HCF follows two streams:

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. To date, HCF has committed some $18 million to impact investments. [9]

Hamilton's Vital Signs Reports

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 station Cable 14 hosted by HCF CEO & President Terry Cooke. Each episode features guests discussing a variety of topics. The show aims to stimulate community awareness, conversation and action on the issues that affect quality of life for all Hamiltonians.

EpisodeAir dateGuests
ArcelorMittal Dofasco Community Legacy in Hamilton June 6, 2017Tony Valeri (Vice President Corporate Affairs, ArcelorMittal Dofasco)
I Am Committed & Canada 150 May 7, 2017Hugh Tye (Executive Director, Hamilton Legal Clinic) and Lyndon George (Indigenous Justice Coordinator, Hamilton Legal Clinic)
Food insecurity April 4, 2017Sarah Stern (Leader, Maple Leaf Centre for Action on Food Security) and Adam Watson (Project Manager, City of Hamilton)
Westdale Cinema Group March 7, 2017Fred Fuchs (Member, Westdale Cinema Group) and Jeremy Freiburger (Chief Connector and Cultural Strategist, CoBALT Connects)
Code Clubs February 7, 2017Beth Gibson (Industry Education Council of Hamilton) and Kevin Browne (Software Hamilton)
Millennials in Hamilton January 3, 2017Alyssa Lai (Past Chair, Hamilton HIVE) and Jeffrey Martin (Researcher, School of Labour Studies, McMaster University)
Changing Face of Hamilton December 2016Sara Mayo (Social Planner at SPRC Hamilton) and Steve Buist (Investigative Reporter at the Hamilton Spectator)
Philanthropy Month November 1, 2016Lisa Dalia (Owner, Solee Shoes) and Charles Criminisi (Lawyer and Partner, Agro Zaffiro)
Economic development in Hamilton October 1, 2016Jason Thorne (General Manager Planning and Economic Development, City of Hamilton)
The Arts in Hamilton September 2016Claire Calnan (Executive Director, Hamilton Festival Theatre Company), Nea Reid (Artistic Director, Hamilton Youth Poets), Carol Kehoe (Executive Director, Hamilton Philharmonic Symphony Orchestra)
Neighbour 2 Neighbour Community Food Centre June 20, 2016Denise Arkell (Executive Director, Neighbour 2 Neighbour) and Nick Saul (President & CEO, Community Food Centres)
McQuesten Urban Farm May 16, 2016Pat Reid (McQuesten Neighbourhood Planning Team) and Adam Watson (Neighbourhood Action Strategy, City of Hamilton)
Community Benefits Agreements and LRT April 18, 2016Colette Murphy (Executive Director, Atkinson Foundation) and Paul Johnson (Director LRT Project Coordination, City of Hamilton)
ABACUS March 21, 2016Duane Dahl (Assistant Director, Kiwanis Boys and Girls Club) and Leo Johnson (Executive Director, Empowerment Squared)
Our Healthy Future in Hamilton February 22, 2016Rob MacIsaac, (President & CEO, Hamilton Health Sciences)
Cootes to Escarpment Eco Park January 18, 2016David Galbraith (Head of Science RBG) and Jen Baker (Land Securement Coordinator, Hamilton Naturalists Club)
The Meaning of Philanthropy November 16, 2015Chris Farias (Partner, VP Creative, Kitestring), Sarah Murphy, (Investment Advisor, CIBC Wood Gundy), Dr. Ninh Tran (Associate Medical Officer of Health, City of Hamilton)
2015 Vital Signs Report October 26, 2016Sara Mayo (Social Planner, SPRC) and Howard Elliott (Managing editor, Hamilton Spectator)
Immigration in Hamilton September 21, 2015Keith Monrose (Dean, International and Partnerships, Mohawk College) and Ines Rios (Executive Director, Immigrants’ Workers Centre)

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References

  1. http://hamiltoncommunityfoundation.ca/wp-content/uploads/2017/06/HCF_AR_2017_FINAL_Spreads-1.pdf#page=28 [ bare URL PDF ]
  2. "Hamilton "home to caring and giving people" Governor General says". The Hamilton Spectator. 18 April 2012.
  3. http://www.sprc.hamilton.on.ca/wp-content/uploads/2010/05/Women-and-Poverty-in-Hamilton-May-2010.pdf [ bare URL PDF ]
  4. "Paul Wilson: The best friend Hamilton's never heard of". The Hamilton Spectator. 24 June 2014.
  5. http://www.metronews.ca/news/hamilton/2014/09/19/pioneer-energy-family-announces-4-million-donation-to-hamilton-community-foundation.html
  6. "Group created to tackle Hamilton's biggest challenges". The Hamilton Spectator. 19 May 2016.
  7. http://hamiltoncommunityfoundation.ca/wp-content/uploads/2016/06/HCF-AR-16_AnnualReport2016_FINAL_WEB_June20.pdf [ bare URL PDF ]
  8. "City's poverty strategy draws national interest". (thespec.com). Retrieved 2010-06-10.
  9. http://hamiltoncommunityfoundation.ca/wp-content/uploads/2017/06/HCF_AR_2017_FINAL_Spreads-1.pdf#page=24 [ bare URL PDF ]