Le Lézard
Classified in: Business, Covid-19 virus
Subjects: NPT, ECO, SRI, CFG

Centraide of Greater Montreal invests over $65 million to provide essential support to our community's most vulnerable

MONTREAL, July 15, 2020 /CNW Telbec/ - Centraide of Greater Montreal announced today that it invested and allocated over $65 million in 2019-2020 so that vulnerable people could benefit from essential support from community agencies in Laval, in Montreal, and on the South Shore. This community-sector funding has allowed agencies to meet multiple needs while maintaining their efforts to cope with the COVID-19 crisis in the last several months.

On top of Centraide of Greater Montreal's regular investment of $49.4 million in the 350 agencies in its network, additional financial assistance of nearly $16 million has been allocated to over 550 front-line agencies since mid-March through the various COVID-19 Emergency Funds. Over half (60%) of these 550 agencies are not part of Centraide's regular network. 

"This crisis has further demonstrated the importance of being able to rely on strong, innovative and resilient agencies that can respond to urgent needs and that can also alleviate poverty and social exclusion over the longer term. Agencies strengthen our social fabric and are more essential than ever to support people experiencing hardship," said Lili-Anna Pere?a, President and Executive Director of Centraide of Greater Montreal.

These social investments were made possible through the money raised from Centraide's 2019 campaign, donations to the COVID-19 Emergency Fund, and two federal government grant programs.

In addition to meeting the needs of hundreds of thousands of Greater Montrealers who suddenly found themselves deprived of the essentials, the emergency funds have also reinforced available services. These initiatives include: 

Centraide of Greater Montreal: A strategic and proactive social investor

Our Greater Montreal has been particularly impacted by the COVID-19 pandemic. As huge numbers of people turned to the community ecosystem for help, Centraide of Greater Montreal had to react quickly with a flexible and large-scale response. Beyond our allocated funding, we have also created networks to help stakeholders come together, allow our partners to talk to each other and discover what is actually going on in the field, give agencies the support they need to reorganize and, above all, let our fellow citizens find a quick response to their needs. This unifying role is reflected in the trust that many companies, partner institutions, cities and boroughs, donors, and private foundations have shown by entrusting us with significant funding.

After governments, Centraide is one of the largest funding partners for community agencies. Centraide has knowledge of community dynamics and the needs of disadvantaged people. Its sound investments are aligned with community realities and support highly effective organizations and leaders in their communities.

For more information about Centraide of Greater Montreal's investments, consult the Report to Our Community.

Centraide of Greater Montreal is active in the territories of Laval, Montreal and the South Shore. Before COVID-19, nearly 57,000 volunteers were involved in the close to 350 agencies that it supports. Centraide has a presence in 18 regions in Quebec and is supported by private, public and parapublic corporations and institutions as well as large trade unions. The money it raises is invested locally to break the cycle of poverty and social exclusion. For more information: centraide-mtl.org.

SOURCE Centraide of Greater Montreal

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