SOCIAL IMPACT POOLED ACCOUNT

Introducing the Social Impact Pooled Account (SIPA) for non profit organizations and charities, in partnership with Coast Capital Savings. SIPA members receive a higher rate of interest on their operational account every month and free regular monthly banking charges.

The bonus is Social Impact Pooled Account (SIPA) members also help the ongoing work of social change.

JOIN SIPA AND START ACCESSING YOUR BENEFITS RIGHT AWAY.

WHY SIPA?

  • Increased interest income
  • Free regular monthly service charges
  • 100% cash liquidity
  • Quick enrollment process

WHAT ARE THE BENEFITS OF SIPA?

  • Your organization maintains its independent account at Coast Capital, it is simply identified as SIPA
  • Higher interest rates are provided for your operational account
  • SIPA members receive free regular monthly banking services
  • Each month, increased interest earned is credited to a SIPA member’s account
  • SIPA accounts generate 10% interest income that supports opportunities for impact for the sector

Each month, you will see higher interest income going directly to your organization and 10% interest transferred to Scale Collaborative’s pooled account for impact to continue creating initiatives that support the needs of impact organizations. Plus, your organization keeps the money you used to spend on regular monthly banking charges. It’s a Win Win!

SIPA MEMBERS HELP SUPPORT SECTOR-WIDE OPPORTUNITIES SUCH AS:

  • Scale developed and hosted three free live webinar sessions which supported over 400 organizations’ respond to the COVID pandemic, manage their cash flow and scenario plan to face the unknown
  • Seven organizations received bursaries for financial resilience programming and coaching
  • 20+ organizations accessed over 25 hours of coaching at no cost

To learn more about SIPA or to join, please email Kristi Rivait, krivait@scalecollaborative.ca.