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Finance committee Thank you for that question. I'll answer it in two ways. We absolutely believe there should be an equity benchmark within the philanthropic sector when it comes to grants making. I mentioned earlier that there is about $7 billion a year in grants making throughout foundations
May 25th, 2021Committee meeting
Liban Abokor
Finance committee Thank you. I'm sorry I wasn't clear. I was agreeing with you that there should be an equity benchmark. I don't know that it should be 3.5%. I think, to your point, we need to benchmark it to the actual inequity, so as you mentioned, maybe it's 10% in some regions and maybe it's
May 25th, 2021Committee meeting
Liban Abokor
Finance committee I think you've just provided my comment. I would repeat everything you said, and pretend as if I said it. From an equitable standpoint, what we're talking about is helping a community. We're not talking about getting on base. We're talking about a community that's actually outsi
May 25th, 2021Committee meeting
Liban Abokor
Finance committee It's an important step as I think it sends the.... It provides a pool of dollars that can attract further investments from various other sectors beyond government, because it's important to note that the disparities aren't necessarily always as a result of government policy. Ther
May 25th, 2021Committee meeting
Liban Abokor
Finance committee Member, thank you so much. I'll take a step back and try as briefly as I can to explain that the Canadian philanthropic sector is about $86 billion, with upwards of nearly 10,000 foundations in existence. Not one of those foundations is dedicated to or sees Black communities as
May 25th, 2021Committee meeting
Liban Abokor
Finance committee I absolutely do.
May 25th, 2021Committee meeting
Liban Abokor
Finance committee Through the endowment, one of the goals is to create a long-term, sustainable funding ecosystem for Black-led, Black-serving charities. Again, while that is an incredible start, I want to mention that the disbursement quota currently under CRA is 3.5%. Some really progressive f
May 25th, 2021Committee meeting
Liban Abokor
Finance committee Hi. Good afternoon, everyone. Thank you so much for your patience. What's the rule that says where technology can go wrong, it typically does, especially when it's important? I'll try to make my opening comments very brief. Once again, good afternoon, everyone. Thank you to th
May 25th, 2021Committee meeting
Liban Abokor