Ideas & Impact

from the Power to Give Foundation

FEBRUARY 2024

Last year saw the social impact sector pop up in every section of the newspaper. Whether tax changes, Canadians being generous or Mackenzie Scott directing even more of her fortune to causes north of the border, it’s pretty heartening to see these stories take centre stage. As we always say, generosity is infectious. And it’s the one time when being a “super-spreader” is a good thing.

PEOPLE

In the sometimes-flashy world of pro sports, Tyson Barrie is the epitome of quiet generosity. Every time we have a big idea to make a difference in peoples’ lives, he’s game (pun totally intended). With his help – and that of the good folks at MLSE, Rogers Sportsnet, and Chilly Ones – Power to Give was able to create an unforgettable experience for our inspirational friend, Jaxson Creasey.

“That’s what I’ve always been about. How can I help with what ability I have. That’s what gave me the idea I want to be a GM one day.” (Jaxson)

PLACE

We love remarkable places. They inspire, energize and connect us as humans. But sometimes, we just like to sit back at home and listen to stories of people doing great things. For tales of companies profitably changing the world, we have been turning to Victoria entrepreneur Marco Pimentel’s podcast “Someone Like You”.

“Could you build a business that’s better for the planet? That’s the question I set out to answer.” (Marco Pimentel)

PURPOSE

When Patagonia founder, Yvon Chouinard, “gave his company away” we all wondered how it would actually work. Turns out, his new one-of-a-kind corporate structure has been busy, giving away nearly $80 million in profits since September 2022. The money is flowing quickly and challenging conventional ways of doing things – just like Chouinard has all his life.

“One of the principles is that all the money that we get every year is supposed to be spent. So, we’re in constant spend down mode.” (Greg Curtis)

IMPACT

• No strings philanthropy is giving charities more decision-making power. The Economist
• Mackenzie Scott makes another big investment in Canadian changemakers, The Equality Fund.

UPCOMING

• Social Impact Summit – our annual gathering of social impact leaders will be held at the fabulous Arowhon Pines Resort, June 16-20, 2024.
• Look for Uncharitable on video-on-demand this spring. Thank you again to the hundreds of friends who joined us in Toronto, Calgary and Vancouver and especially to our national screening partners RPIA, The Annual Foundation, The Temerty Foundation, and The Ihnatowycz Family Foundation.

AS ALWAYS

If you have:

• Ideas… we are always looking for high-impact organizations and leaders
• Intros… we are always excited to meet other active or aspiring philanthropists
• Interest… we would be honoured to assist with your philanthropic journey

INSPIRATION

I was honoured to receive BC’s Good Citizenship award last month and appreciated the landslide of congratulations and warm wishes that I received from the Power to Give family. I continue to be inspired by all of you.

Minister Lana Popham, Tim Cormode, Minister Sheila Malcomson

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www.powertogive.ca

_________________________________________________________________

With Immense Gratitude,

Tim Cormode (He/Him)

Founder and CEO

Power To Give Foundation

C: 250.507.5972

We acknowledge with respect the Coast Salish people on whose traditional lands and waterways we live, learn and play.

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