In 2010, 58 people collectively invested $2M in the Centre for Social Innovation, enabling us to purchase a 720 Bathurst — aka CSI Annex. The concept of Community Bonds was born. Four years later, 227 people invested $4M to allow us to purchase 192 Spadina — aka CSI Spadina.
Since then, we’ve inspired others to turn to their communities when they are in search of crucial capital. This summer, the Toronto Outdoor Picture Show launched their own Community Bond initiative to invest in the purchase of own Audio-Visual Equipment.
The Argonaut Rowing Club is the most recent organization to seek out community investment. A devastating flood in 2017 left the club dire need of repair. ARC Next — an ambitious $2 million club revitalization project — aims to support the next generation of rowers by offering a fully accessible space with a renovated event venue, new elevator, extended docks, new change rooms, and an increased capacity for both membership and youth programs.
In just over five months, the campaign has successfully passed $1.1 million investment mark from 79 investors. Interested in investing? Learn more about the project and check out the different bond offerings. With only 10 days to go, there is just under $100,000 left in bonds available for purchase before the September 15th deadline.
Want to know more about what a Community Bond is, and the impact they can have on your organization and your portfolio? Check out The Future Of Good’s informative primer: What’s a Community Bond, Anyway?
About the Argonaut Rowing Club
Founded in 1872, the Argonaut Rowing Club is one of Canada’s oldest and largest clubs with a history of supporting Olympic and Paralympic champions. Members at ARC include rowers of all ages, skill levels and abilities.
About Tapestry Community Capital
Tapestry Community Capital supports non-profits and co-ops across Canada to raise and manage community bonds. To date, Tapestry has facilitated $61 million in community bonds investment from 3,900 community investors.