CVCF’s first impact loan to LUSH Valley Food Action Society
The Comox Valley Community Foundation is excited to have been a part of making LUSH Valley Food Action Society’s dream of owning its forever home a reality. Working together in the spirit of partnership, and with a joint commitment towards positively impacting community outcomes, in this case the achievement of food security within our community, CVCF and LUSH Valley reached agreement on a $75,000 impact loan towards the down payment for LUSH’s new space.
“Our new location offers certainty to our organization at a time when a lot is uncertain. We see this new space as a community food asset, and our role as taking responsibility to steward this asset for the greatest benefit of the Comox Valley community. We are honoured to be the first recipients of the CVCF’s impact investment program – and take pride that we will be supporting both social and financial gains towards more good work across the region.” – Maurita Prato, Executive Director of LUSH Valley.
“Over the past two years, LUSH has demonstrated its ability to support our community during a time of crisis, offering over 1000 meals and healthy food deliveries each week through their healthy student meal, good food box and hot meal programs. It is most remarkable that this was accomplished while operating out of multiple spaces, often at the same time. We look forward to watching what can be achieved now that they are operating out of a single facility.” – Christine Helpard, CVCF President
CVCF’s impact loan to LUSH Valley Food Action Society will generate a blended value return, providing both a financial return (interest paid on the loan) and a social benefit to our community. The interest LUSH Valley pays will be subsequently re-invested in the community through grants to local charities, similar to the income CVCF earns on its traditional investments.
