A big donation is a major boost for the Health and Homelessness Fund for Change, which aims to transform homelessness response in London, Ont., this time in honour of Canada Life’s retiring president.
On Monday, a $500,000 donation was announced by Canada Life, IG Wealth Management and Power Corporation of Canada in honour of Jeff Macoun’s more than 40 years with Canada Life. He retired from the company in February.
“Jeff’s commitment to the community has been a cornerstone of his personal values and a hallmark of his leadership at Canada Life,” Canada Life CEO Paul Mahon said in a statement.
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“With his upcoming retirement, there is no more fitting tribute to his legacy than an investment in a community initiative that he is passionately championing.”
The donation is to the matching campaign, which sees an anonymous London family matching up to $5 million in donations, in addition to the $25 million the family gifted to the London Community Foundation to start the Health and Homelessness Fund for Change, for a total of up to $35 million.
“London Community Foundation is honoured to accept this generous contribution to the Health and Homelessness Fund for Change in recognition of Jeff Macoun’s tremendous tenure at Canada Life,” said Diane Silva, director of philanthropy at the London Community Foundation, in a statement.
“We are grateful for his leadership of the community fundraising committee for the Fund for Change which has raised more than $4.1 million. Jeff selflessly stepped in at a critical time in our fundraising and rallied Londoners from all walks of life to support the vital cause of ending the health and homelessness crisis.”
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