The recently released Civil Society Impact Study found the economic and social impact of more than 1,000 local registered charities amounted to $4 billion in direct local economic activity in 2016. When combined with activity which indirectly supports the sector, that total was over $6.8 billion!

What is the value of a Civil Society?

Study shows non-profits offer the region top economic impact

What’s the value of the not-for-profit sector in Greater Victoria?

Certainly there are the social benefits that can’t be underestimated, but what about the economic benefits?

A new study from the University of Victoria and the Victoria Foundation shows that impact can’t be underestimated, either.

The impact of a Civil Society

The recently released Civil Society Impact Study measured the economic and social impact of more than 1,000 local registered charities – also known as civil society.

The results? Not only did the sector generate more than $4 billion in direct local economic activity in 2016, but when combined with activity which indirectly supports the sector, that total reached over $6.8 billion!

“This research finally gives civil society organizations the credit they deserve,” says Victoria Foundation CEO Sandra Richardson. “We already knew that the sector was incredibly valuable to our community, but this study has shown definitively that it’s right up there with tourism and the tech sectors as one of the most important to our region’s economic and social wellbeing.”

In comparison, studies undertaken for those sectors indicate an economic impact of:

  • Tech Sector (2017) – $5.22 billion, a combined direct ($4.06B) and indirect ($1.26B) economic impact.
  • Tourism (2016) – $2.3 billion, a combined direct, indirect and induced economic output.
  • Victoria International Airport (2017) – $880 million, a combined direct ($540M), indirect ($200M) and induced ($140M).

While research methodologies can differ, and typically rely on some extrapolation, the Civil Society study is unique in that researchers had reams of data to call upon. Because charities must file annual accounts with Canada Revenue Agency, all monies coming in and going out were clearly highlighted for every charitable organization in the region.

Why are Civil Society economics important?

Reflecting Civil Society’s contribution to the Capital Region economy, including GDP income, full-time equivalent jobs and municipal taxes supported by the non-profits’ spending, that equates to 63,000 full-time equivalent jobs and over $300 million in annual municipal taxes.

With multiplier effects, that rises to the equivalent of 122,000 jobs and almost $584 million in municipal taxes!

Outside economics, the social contributions made by local civil society organizations is also significant. Using the United Nations Sustainable Development Goals as a framework, results show civil society organizations are making significant contributions to all 17 Goals at the individual, community and systems levels.

“The economic impact is tremendous and the stories that we collected provide an incredibly rich narrative of the ways these organizations are making positive and vital contributions to society and the planet,” says Lead Researcher Dr. Crystal Tremblay, Special Advisor on Community-Engaged Scholarship at UVic.

To learn more, or read the full report, visit victoriafoundation.bc.ca

***

Established in 1936, the Victoria Foundation is Canada’s second oldest community foundation and the sixth largest of nearly 200 nation-wide. Managing charitable gifts from donors whose generosity allows them to create permanent, income-earning funds, proceeds from these funds are distributed as grants for charitable or educational purposes. To date the Victoria Foundation has invested more than $222 million in people, projects and non-profit organizations strengthening communities in B.C. and throughout Canada.

Comments are closed

Just Posted

Hall of Fame looks to educate more athletes in Greater Victoria

Sports organization is interested in setting up more Bate family style awards

Langford bike shop gathers wheels for Uganda

Return-It Recycling Centres in Victoria collecting bottles under The Uganda Project

Legend of Victoria dog ‘Cody’ lives on with successful pet drive

Charmaine’s furniture store collecting donations for Victoria Pet Food Bank

Heavy rain causes wasterwater overflow at Victoria beaches

Public notices being posted at beaches in Oak Bay and Saanich

Added webcams give drivers more views of Malahat and highway to Sooke

Five new DriveBC webcams installed in high traffic locations on Vancouver Island

Royals test unbeaten streak on Hockey for Hospitals night

Marty and the Victoria Royals host Hockey for Hospitals night on Feb. 2

Arrest made in case of incapacitated woman who gave birth

A 36-year-old nurse has been arrested and charged with sexual assault

POLL: Do you support a speculation tax on vacant homes in Greater Victoria?

Homeowners have begun to receive letters asking if they should be exempt… Continue reading

B.C. dairy farmers say milk cup is half full in new Canada Food Guide

Despite what seems like a demotion, B.C. Dairy Association insists its inclusion is still integral

$20K pay gap between women, men in Canadian tech jobs

The report defines tech workers as people either producing or making extensive use of technology, regardless of industry

Catholic student says he didn’t disrespect Native American

Many saw the white teenagers, who had travelled to Washington for an anti-abortion rally, appearing to mock the Native Americans

Former Blue Jays ace Roy Halladay voted into Baseball Hall of Fame

M’s legend Edgar Martinez, Rivera, Mussina also make the grade

Building investments rose $81M in B.C. while falling across Canada

Construction market softened across Canada in November: Statistics Canada

Why would the B.C. legislature need a firewood splitter?

First sign of police involvement in investigation of top managers

Most Read