Venture philanthropy organization LIFT sets its sights on creating
positive, measurable social change
To view the Social Media Release, click here: http://smr.newswire.ca/en/2010-legacies-now/launch-of-lift-philanthropy-partners
VANCOUVER, Feb. 11 /CNW/ - On the eve of the one-year anniversary of the
2010 Olympic and Paralympic Winter Games, LIFT Philanthropy Partners unveils an innovative approach to philanthropy that focuses on
advancing the impact, accountability and effectiveness of
not-for-profit organizations in Canada.
Formerly known as 2010 Legacies Now, LIFT is an evolution of the
internationally-recognized organization that successfully leveraged the
2010 Winter Games to create lasting social change in communities
throughout British Columbia. This new name embraces a more specialized
approach as LIFT emerges as a venture philanthropy organization.
Steeped in a successful history with the 2010 Winter Games and
considered a best practice by the International Olympic Committee, LIFT
brings an innovative approach to investing in not-for-profit
organizations in Canada. Its venture philanthropy model applies the concepts of venture capital finance and business
management to its philanthropic investments.
"LIFT recognizes that not-for-profit organizations require support
beyond funding to be effective, efficient and impactful," said Bruce
Dewar, CEO of LIFT Philanthropy Partners. "We work closely with these organizations to develop growth
strategies, secure funding, and enhance their outreach and impact."
LIFT invests in not-for-profit organizations with an established record
of success in the areas of sport and healthy living, and literacy and
lifelong learning. LIFT works with the organizations for three to five
years, providing funding, expertise, and networks of experts to address
the specific needs of the organizations.
"We believe many of the societal challenges facing our country today are
related to health and literacy. We believe smart, strategic investments
in these areas can have positive and lasting results," explained Dewar.
"Our highly-engaged investment model is built on a decade of success leveraging the 2010 Winter Games to
create and support measurable social change."
LIFT will attract investments from corporations, individual donors,
foundations and governments, and will magnify their investments through
the value-added services it provides the not-for-profit organizations.
LIFT employs a staged investment process, infused with measurement,
reporting and accountability throughout, which enables greater return
on its donors' investments.
Visit liftpartners.ca for more information about LIFT Philanthropy Partners.
About LIFT Philanthropy Partners
LIFT Philanthropy Partners is a venture philanthropy organization that accelerates the growth and impact of not-for-profit
organizations to create measurable social change, in the areas of sport
and healthy living, literacy and lifelong learning. LIFT selects
not-for-profit organizations with an established record of success and
provides them with business planning and management support to develop
growth strategies, improve effectiveness, and enhance performance.
Through its investments, LIFT aims to contribute to the social
well-being and economic prosperity of communities in Canada. Visit
liftpartners.ca for more information.
LIFT is an evolution of 2010 Legacies Now. Visit 2010andBeyond.ca for highlights and stories of the social legacies 2010 Legacies helped
to create leading up to the 2010 Winter Games.
Read a study on 2010 Legacies Now: Catalyst, Collaborator, Connector: The Social Innovation Model of 2010
Legacies Now (PDF), a case study commissioned by the International Olympic
Committee, authored by Mr. Joseph Weiler and Mr. Arun Mohan.
/NOTE TO EDITORS: Media Assets accompanying this story are available as
SOURCE LIFT Philanthropy Partners
For further information:
Manager, Corporate Response
LIFT Philanthropy Partners
Hill & Knowlton