Vancity (Vancouver City Savings Credit Union) has today thrown its support behind an effort to raise $12 million for co-operative development around the world.
Vancity has pledged $250,000 over the next three years in support of the Co-operative Development Foundation’s Build a Better World Campaign. The money will support efforts to reduce poverty in Asia, Africa, and Latin America through the development of locally owned co-operatives and credit unions.
“There is growing demand worldwide for values-based financial institutions that have a triple bottom line approach to banking ,balancing people, the planet and prosperity and to use the strength of credit and collaboration to help build a better world,” says Andy Broderick, Vice President of Community Investment at Vancity. “As a financial co-operative and a member of the Global Alliance for Banking on Values we share a commitment to help find global solutions to international problems through a sustainable banking approach and believe it’s the best way a credit union can serve its members.”
The Co-operative Development Foundation of Canada (CDF) has registered an excellent return from its latest on-line auction. All of the items on offer sold, bringing in $2,231, exceeding the $2,000 target.
According to CDF’s Lise Boissonneault, who managed the auction, there were more than 130 bids from 50 registered bidders. The items available included a wide range of goods, from an iPad 2 to African crafts.
The Co-operative Development Foundation of Canada (CDF) has today announced that Federated Co-operatives Limited (FCL) has committed $500,000 to the Build a Better World Campaign on behalf of its employees and the member retail co-operatives that comprise the Co-operative Retailing System (CRS) in Western Canada. Over the next four years, the campaign seeks to raise $12 million to alleviate poverty by building and strengthening co-operatives in the developing world.
"Federated Co-operatives Limited is pleased to be part of this effort," according to FCL President Glen Tully. "Federated Co-operatives Limited and the CRS have made an enormous difference in the lives of people in the communities we serve throughout Western Canada," he said. "We are fortunate to live in a safe and prosperous country, and we are proud to share some of our good fortune to help people in other parts of the world work their way out of poverty."
The Co-operative Development Foundation of Canada (CDF) has today announced that The Co-operators has committed $500,000 to a new campaign in support of international co-operative development. The announcement was made at the launch of the Build a Better World Campaign, which seeks to raise $12 million over four years to help alleviate poverty by building and strengthening co-operatives in the developing world.
"Throughout the developing world, co-ops are supporting local economies by producing much-needed products and services while creating jobs and developing people's skills," said Kathy Bardswick, President and CEO of The Co-operators. "We're pleased to lend our support, particularly during the International Year of Co-operatives, to help build a legacy that will make a real difference in people's lives for many years beyond 2012."
The Co-operative Development Foundation of Canada (CDF) has today announced that Gay Lea Foods Co-operative Limited has committed $400,000 to a new campaign in support of international co-operative development. The announcement was made at the launch of the Build a Better World Campaign, which seeks to raise $12 million over four years to help alleviate poverty by building and strengthening co-operatives in the developing world.
The announcement continues a tradition of support for the international development work of CDF and the Canadian Co-operative Association driven largely by Gay Lea Staff, who have contributed more than $300,000 to CDF over the past few years from their own pockets and through fundraising activities.
“When we chose the slogan The World is Our Community, Ontario is Our Home, we were thinking about the poverty reduction work that CDF supports around the world,” said Gay Lea Board Chair Mark Hamel. “We are proud of the efforts our staff and members have made to support CDF. This is the International Year of Co-operatives – a good time to make a clear statement that as a co-operative Gay Lea is a committed participant in the co-operative effort to end poverty around the world.”
The Co-operative Development Foundation of Canada (CDF) has today announced the launch of a campaign to raise 12 million dollars for global co-operative development over the next four years. To date, more than $1 million has already been pledged to the Build a Better World Campaign by co-operatives and individuals.
According to CDF Board Chair Michael Barrett, the campaign was inspired, in part, by the theme of the UN's International Year of Co-operatives - Co-operative Enterprises Build a Better World. "Co-operatives are among the most effective tools in reducing and eliminating poverty, and our long association with the international development program of the Canadian Co-operative Association (CCA) has proven that time and time again through hundreds of projects in Asia, Africa and Latin America. We believe that 2012, the International Year of Co-operatives, is the perfect time to take our support for poverty reduction to a new level."
When five co-op and credit union leaders return from Peru in two weeks time, it will mark more than just the end of a successful study and technical mission. All five have volunteered to assist the Co-operative Development Foundation of Canada (CDF) in raising funds in Canada for poverty alleviation work around the world. Their return will signal the beginning of an initiative to increase support for CDF, linked to the United Nations International Year of Co-operatives in 2012.
“Each one of these individuals has proven their commitment to reducing poverty in the developing world, and they understand the power of co-operatives in that effort,” said CDF Director of Fundraising and Operations, Julie Breuer. “It is going to take hard work and persistence to grow our base of support, and we wanted to tap into the inspiration that comes from seeing the fight against poverty up close.”