LONDON,
ON, April 15, 2024 /CNW/ - Canada Life,
IG Wealth Management and Power Corporation of Canada today announced a $500,000 donation to support the
Health & Homelessness Fund for Change in
honour of Jeff Macoun's over 40 years of service to Canada
Life. The Fund for Change supports solutions to address
London's homelessness crisis by
building transformative solutions in an effort to change the lives
of hundreds of marginalized Londoners.
"The Fund for Change is an incredibly important initiative for
London that we're pleased to
support," said Paul Mahon, President
and Chief Executive Officer, Great-West Lifeco and Canada Life.
"Jeff's commitment to the community has been a cornerstone of his
personal values and a hallmark of his leadership at Canada Life.
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."
This donation to the matching campaign will support the
implementation of Health & Homelessness
System Response. Together, all funds will assist with the effort to
build a transformative new system that will help people move safely
inside, become stabilized, access supports and be connected to the
right housing for them.
"Jeff Macoun has been a driver of Canada Life's success over
many years. I'd like to thank him for his dedication to the
organization and to London," says
Jeffrey Orr, President and CEO,
Power Corporation of Canada and
Chair of the Board for Great-West Lifeco Inc. "That success is
reflected in Canada Life's long
history and deep roots here in London. We're proud to support Jeff in this
initiative."
Those wishing to help support Health & Homelessness Movement
for Change are encouraged to join this collective community effort
and donate to the matching campaign "Fund for Change" at
London Community Foundation where each dollar donated becomes
two.
"London Community Foundation is honoured to accept this generous
contribution to the Health & Homelessness Fund for Change in
recognition of Jeff Macoun's tremendous tenure at Canada Life,"
said Diane Silva, Director of
Philanthropy, London Community Foundation. "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."
About Canada Life
Canada Life is a leading insurance, wealth management and
benefits provider focused on improving the financial, physical and
mental well-being of Canadians. For over 175 years, individuals,
families and business owners across Canada have trusted us to provide sound
guidance and deliver on the promises we've made.
Canada Life looks at all the ways we can support communities to
help them reach their potential, every day. We work with
organizations that are forward thinking and collaborative so that
our efforts can create positive change. We're proud to support
non-profit, charitable and community organizations each year
through cash, in-kind contributions and employee volunteerism. This
includes $11.1 million in charitable
donations in 2023.
Today, we proudly serve approximately 14.3 million customer
relationships from coast to coast to coast.
About IG Wealth
Management
Founded in 1926, IG Wealth Management is a national leader in
delivering personalized financial solutions to Canadians through a
network of advisors located across Canada. IG Wealth Management has $128 billion in assets under
advisement as of March 31, 2024, and
is a member of the IGM Financial Inc. (TSX: IGM) group of
companies. IGM Financial, together with its subsidiaries, is one of
Canada's leading diversified
wealth and asset management companies with approximately
$252 billion in
total assets under management and advisement as of March 31, 2024.
About Power Corporation
Power Corporation is an international management and holding
company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance,
retirement, wealth management and investment businesses, including
a portfolio of alternative asset investment platforms. To learn
more, visit www.PowerCorporation.com.
SOURCE Canada Life