The Shared Interest granting program has been around since 1997, supporting community initiatives in the following four areas: Community and Family Health; Environment; Human Rights and international Cooperation; and Economic Self-Reliance. In that time, almost 100 non profits across Canada have been nominated and chosen by Vancity Community Investment Bank for grant money totalling approximately $1.5 million.
Check out the past recipients of Shared Interest awards.
How the Shared Interest Fund Grows
Donations to our Shared Interest Fund are calculated based on Shared Interest Visa* cardholders’ transaction activity (the Bank donates 10 cents for every transaction). The Bank also donates 4% of our pre-tax profits** to the fund.
2014 Shared Interest Recipient
In 2014, $30,000 was granted as follows:
- $15,000 to “Women In Need Society” to assist in their winter coat campaign
- $15,000 to Covenant House, Toronto to assist their “Cooking for Life Program”, which provides homeless youth skills to prepare them for entry level jobs in food services.
Granting decisions are made by a Vancity Community Investment Bank staff committee who are guided by program’s guiding principles:
- Community and Family Health;
- Human Rights and international Cooperation; and
- Economic Self-Reliance
*Visa Int./Vancity Community Investment Bank, Licensed User.** Calculated on the previous three years’ average annual income from operations.