"New wave" of philanthropists launches effort to reduce poverty in
TORONTO, June 2 /CNW/ - Social Venture Partners Toronto, an affiliate of
Social Venture Partners International, announced today that it will grant
Eva's Phoenix Print Shop $75,000 over three years. The print shop is an
innovative social enterprise that offers homeless and at-risk youth a
practical way to secure work in the commercial printing field.
Eva's Phoenix was selected from a group of four not-for-profit
organizations that made presentations to the partners of SVP Toronto on May
14. The ongoing grant is subject to certain milestones, and funding will be
targeted to capacity-building initiatives that enable Eva's to grow and
strengthen its operations. The partners of SVP Toronto will also work closely
with Eva's in providing skilled volunteers to support the print shop with its
sales and marketing initiatives and overall business strategy.
"In selecting our first investee, SVP's aim was to help build the
capacity of an organization that's helping lift people out of poverty in an
innovative, sustainable way," said Kathryn Wortsman, the founding chair of
Social Venture Partners Toronto. "Eva's Phoenix made a compelling presentation
showing how SVP Toronto could help them make a difference."
The print shop empowers youth to secure work and stable housing, as well
as the life skills required to sustain these gains. Eva's believes that rather
than focusing on youth problems and vulnerabilities, more progress is made by
nurturing their strengths, resources and the ability to recover from
Eva's Phoenix Print Shop has already connected more than 100 youth with
career building opportunities in the vibrant graphic communications sector.
Over 80% of youth who complete the program connect with full-time work, and
many return to school through a special scholarship fund. Eva's is
particularly proud of its commitment to long-term follow-up, which helps youth
graduates achieve self-sufficiency.
Eva's Phoenix Print Shop is a social enterprise of Eva's Initiatives. A
social enterprise is a business operated by a not for profit organization,
with the dual purpose of generating income by selling a product or service in
the marketplace and creating social, environmental or cultural value.
About Social Venture Partners Toronto (www.svptoronto.org)
Social Venture Partners Toronto is a diverse network of professionals who
are pioneering a new model of giving -- venture philanthropy. The group's aim
is to bring its collective expertise and resources to innovative nonprofits in
Toronto, collaborating with them to strengthen their organizations and expand
their capacity to transform local communities. SVP Toronto is a chapter of
Social Venture Partners International. SVP Toronto's first investee is Eva's
Phoenix Print Shop (http://phoenixprintshop.ca/).
For further information:
For further information: Daniel Tisch, SVP Leadership Committee, (416)
968-7311, ext 223, email@example.com; Andrew Macdonald, Eva's
Phoenix Print Shop, (416) 364-4716, ext 262, firstname.lastname@example.org