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Jubilee Fund awarded as a Designated Charity in 2010

"The Jubilee Fund Inc. receives Charity Intelligence Canada 2010 Recommended Charity designation."

After a rigorous and independent analysis including due diligence, assessment of transparency and accountability, cost efficiency and charity results, and undergoing a Recommendation Committee review, Charity Intelligence Canada (Ci) has awarded The Jubilee Fund Inc. as a designated charity for 2010, under the category of Community Investment Funds. The Jubilee Fund was only one of two Community Investment Funds in Canada to be acknowledged.

In the final report, the independent analysts at Charity Intelligence Canada commented “The Jubilee Fund's results, efficiency and management stood out as exceptional, in a class all its own. The Jubilee Fund is a lean, professionally-run organization. It is meeting an unmet demand for risk capital for social initiatives. Congratulations on the excellent work that you, the volunteers and the board are doing” Rita Borthwick, Fund Development Manager at the Jubilee Fund attended “An Evening of Charitable Excellence" in Toronto on November 24th, where the designated charities were honoured.

To find excellence, Ci researches and assesses charities. In 2010, 204 charities were contacted;89 submitted audited financial statements; after an in-depth analysis of 82 charities, 36 charities were recommended. The assessment extends far beyond just the numbers, looking at a charity’s mission, theory of change, history of results, outcomes rather than just outputs, how the charity compares with other charities that provide a similar service, the volunteer base and management. Ci holds the Recommended Charities accountable. They monitor the charities and assess how they have spent the dollars they have received and evaluate the results. For the charities, being a recommended Charity is a challenge but, nearly unanimously, it is a challenge they relish.

The Jubilee Fund is a non-profit organization that provides loan guarantees and bridge financing to community development initiatives in Winnipeg and the surrounding area that are unable to access financing at traditional financial institutions. In addition to financing, the Fund provides volunteer mentors to borrowers, as needed. Its funds support activities that stimulate community economic development, including small business ventures (worker co-ops), low-income housing development and social/community projects including non-profit daycares.


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