MONTRÉAL, June 15, 2015 /CNW Telbec/ - Fondation Montréal Inc. has announced a donation of $100,000 per year for the next five years by the Caisse de dépôt et placement du Québec. This donation will be applied to one of the Fondation's major fundraising campaigns: "A Commitment to the Future, 2014-2018."
This support will help fund 50 start-up grants for the 2015 group and makes the Caisse a major investor in Fondation Montréal Inc.
"Québec must now increase its pool of prosperous, job-creating businesses. "This is why it is important to support and encourage young entrepreneurs and help them make their projects and goals a reality," stresses Christian Dubé, Executive Vice-President for Quebec at the Caisse. "We have therefore increased our commitment to Fondation Montréal Inc. this year by providing financial support to 50 promising young entrepreneurs."
On a related topic, Lucien Bouchard, Chairman of Fondation Montréal Inc., took the opportunity to announce Wednesday before the business community gathered for the Rendez-vous Montréal Inc. that a tribute will be made to the Caisse de dépôt et placement du Québec. This tribute is intended to remind us of the contributions to economic and entrepreneurial growth in Quebec made by the institution over the last 50 years. Note that this tribute will take place on November 25th at the Soirée Montréal Inc., the annual benefit event for the Foundation.
About Fondation Montréal Inc.
The Foundation invests in the creation, growth and continued support of promising businesses to contribute to the economic development of Montréal. Since 1996, the Foundation has awarded more than $6,7 million in grants to help the start-up of 853 businesses in Montréal that have, in turn, generated over 2,754 jobs. As a result, the Foundation has contributed to creating over $61 million in investments in Montréal.
About the Soirée Montréal Inc.
Sponsored by Desjardins, Soirée Montréal Inc. is an annual fundraising event for Fondation Montréal Inc. and a unique chance to celebrate the entrepreneurial spirit of Montréal. Each year, the Soirée brings together more than 500 representatives and leaders from the largest Quebec companies. The event will take place at 6 PM, November 25, 2015 at the Salle de Pas Perdus, Windsor Station.
About Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2014, it held $225.9 billion in net assets. As one of Canada's leading institutional fund managers, la Caisse invests globally in major financial markets, private equity, infrastructure and real estate. For more information: www.cdpq.com.
SOURCE Fondation Montréal inc.
Image with caption: "Lucien Bouchard, Chairman of the Board of Fondation Montréal inc. (CNW Group/Fondation Montréal inc.)". Image available at: http://photos.newswire.ca/images/download/20150615_C8909_PHOTO_EN_18076.jpg
For further information: Fondation Montréal Inc. : Andrée Lemay, MBA, Director of Communications and Partnerships, Phone: 514 872-5768, Cell: 514 449-2209, firstname.lastname@example.org