How is your initiative currently being financed and how would you finance further expansion and/or replication?
The VIP is a not-for-profit program. Workshops or other interventions directly for young people are of no cost. We focus much of our resources within several underserved communities in Scarborough Ontario, and no fees are attached to these services.
It is a not-for-profit program. The program is financed through a few streams, The United Way of Greater Toronto provides funds for staff and the Ministry of Children and Youth Services provides funds for staff. We have generous donors including the Police Services, the Toronto Argos, the Toronto Raptors, and a number of private businesses.
Our main financial challenges revolve around the fact that project funding is a reality for many social service agencies. They are given a specific amount of money which is meant to be used for a specific purpose and a specific amount of time. What happens is that regardless of how successful the program is, the money ends, the youth most go elsewhere and good staff are unemployed. A high turnover rate hurts programs because there is no consistency.
An ideal investor is one that shares our passion for helping youth, who believes that they are experts in their own lives and deserve the opportunity to create change and do great things in the name of violence prevention.
Provide information on your current finances and organization:
Who are your potential partners and allies?
The VIP is fortunate to have several partners, these include the School Boards, the Police Services, the Toronto Argos, the Ministry of Children and Youth Services, and several youth-serving organizations in the community.
Who are your potential investors?