Community First Development Fund of Saskatoon Inc.

Overview

Community First Development Fund of Saskatoon Inc., registered under the business number 871556361RR0001, is a Canadian nonprofit organization with a mission to reduce poverty in Saskatoon and surrounding regions. The organization was founded by a coalition of concerned entities, including churches, unions, businesses, and individuals, with the goal of providing support rather than mere aid to those seeking to escape poverty.

Mission and Activities

The mission of Community First Development Fund is centered around fostering community economic development, primarily through the provision of financing opportunities. This approach focuses on empowering individuals and small businesses, offering a "hand up" rather than a "hand out." The organization supports small business start-ups by assisting with financing and mentorship, works with other organizations to provide affordable housing and address community needs, and engages in initiatives to develop skills and self-confidence among youth.

A key program run by Community First is a nationally recognized initiative for at-risk high school youth, which provides job skills, experience, and financial literacy training. Additionally, they have been involved in supporting community projects, such as fundraising efforts for local community centers.

Values and Impact

Community First operates with a strong emphasis on social goals, integrating economic development with community needs. The organization's model is designed to address poverty in marginalized neighborhoods, working collaboratively with other anti-poverty organizations to ensure sustainable impact.

Registration and Status

Community First is registered with the Canada Revenue Agency (CRA) as a charitable organization. This designation allows donors to receive tax receipts for their contributions, supporting both the mission of the organization and enhancing their personal tax benefits.

Conclusion

Through its comprehensive approach to community economic development, Community First Development Fund of Saskatoon Inc. plays a vital role in addressing poverty and fostering economic opportunities in Saskatoon and its surroundings. By providing critical support to small businesses and youth, the organization contributes to the overall well-being and economic stability of the local community.