As a consultant to the non-profit sector in Toronto, I have seen an increasing number of financial challenges faced by non-profit organizations over the past year. I believe these challenges will encourage more organizations to rethink their financing models and encourage them to look for new options.
Now is the time for the social finance movement to put forth its value proposition to established sector leaders and some of the largest and most influential nonprofits in Canada - the YMCAs, Community Living organizations, United Ways, as well as community foundations and government funders. Many of these organizations are not as involved in the dialogue on future of innovative financing models as they could be.
