The Shared Interest granting program has been supporting social, economic, and environmental change in Canadian communities for over 20 years. In that time, over 100 non profits across Canada have been nominated and chosen by VCIB for grant money totaling approximately $1.6 million.
Check out the past recipients of Shared Interest awards.
How the Shared Interest Fund Grows
Donations to our Shared Interest Fund are calculated based on Shared Interest Visa* cardholders’ transaction activity. Every time you use your card, VCIB will donate 10 cents to the Shared Interest Fund. VCIB also donates 4% of pre-tax profits to the fund.**
Shared Interest Fund at Work: Creating Circular Food Economies
In the last 2 years, the Shared Interest Fund has contributed to Harvest Impact, a project of 10C that is building a framework for a scalable circular food economy. Harvest Impact supports innovation and entrepreneurship in food, farm, and environment sectors in support of a circular economy transition. To date, Harvest Impact has provided educational resources and 36 impact loans totaling $326,000, with 70% of the enterprises led by women entrepreneurs.
*Visa Int./Vancity Community Investment Bank, Licensed User.
** Calculated on the previous three years’ average annual income from operations.