9 - Canada's New $800 Million Social Finance Fund

The Impact Investing Podcast

Stephen Huddart of McConnell Foundation joins us for today’s episode. Stephen is President & CEO of McConnell Foundation; Canada’s second oldest private foundation which is responsible for roughly $650 million in assets. The foundation focuses on impacting a broad range of issues such as Indigenous reconciliation, the changing nature of work, food security, and mental health. McConnell Foundation is one of Canada’s most sophisticated impact investors and is systematically transitioning its existing investments to impact investments. In this episode, we discuss the foundation's work beyond traditional grants and the creative ways it uses all its resources as a force for good. We also discuss the recently announced $800 million commitment by the Canadian government to establish Canada’s first Social Finance Fund. If you’re interested in what Stephen has to say, you can follow him on Twitter.