July 27, 2005
Honda Canada launches charitable foundation
Toronto, Ontario – Honda has announced the launch of the Honda Canada Foundation (HCF), which will grant resources to registered charities with the aim of enhancing the social well-being of Canadian communities.
The HCF is registered as a private foundation with the Canada Customs and Revenue Agency and was launched with a capital endowment jointly financed by Honda Canada Inc. and Honda of Canada Mfg. The Board of Directors is comprised of management representing both companies, while funds are managed through a third-party financial services company.
In addition to funding through the HCF, Honda Canada will remain committed to supporting community relations. Organizations that are not registered charities can continue to apply for funding through Honda Canada’s community relations programs, which support literacy, community leadership and youth.