$400,000 cheque presentation to Indwell by The Cowan Foundation
Thursday, February 13, 2020
Indwell – Former Royal Oak Dairy
(On Robert S, between Victoria Ave N and East Ave N in Hamilton)
Hamilton, Ontario – Members of the media are invited to a photo opportunity as The Cowan Foundation presents Indwell with a $400,000 cheque. This contribution will be an important source of funding for Indwell’s housing development on East Ave North in Hamilton (site of the former Royal Oak Dairy). This is the largest donation The Cowan Foundation has made to a charity in Hamilton.
“We’re incredibly grateful for The Cowan Foundation and their focus on health and well-being. This gift towards affordable, supportive housing will enable many in our community to thrive as they experience health, wellness, and belonging,” says Jeff Neven, Executive Director at Indwell.
Since its inception in 1995, The Cowan Foundation has supported many worthwhile Canadian charitable organizations, with a special focus on health and well-being as well as children and youth. By narrowing their focus on these key areas, their hope is that these investments will have a greater impact and make a real difference in people’s lives.
“On behalf of the Directors of The Cowan Foundation, we are pleased to support Indwell Community Homes and their Royal Oak Dairy project in Hamilton,” says Mary D’Alton, Executive Director, The Cowan Foundation. “The creation of additional permanent affordable housing removes significant economic barriers to help people step out of poverty and closely demonstrates our Foundation’s commitment to making a positive impact in the lives of Canadians.”
We see incredible hope and stability for the future tenants of the Royal Oak Dairy building project,” says Heather McLachlin, President, Cowan Insurance Group. “We are proud to give back to communities where we live and work and recognize that affordable housing is one of the biggest challenges faced by so many in this region.”
Indwell’s project at the former Royal Oak Dairy is expected to open in early 2022 and will feature two buildings with a total of 95 one-bedroom apartments. Planning approvals are currently underway, and the project has been awarded $1.5m from the Ontario Priorities Housing Initiative (OPHI) as well as financing and funding from the City of Hamilton and the Hamilton Community Foundation.
Mary D’Alton, Executive Director of The Cowan Foundation, will present the cheque along with Heather McLachlin, President of Cowan Insurance Group and Jerry McDougall, Regional Manager at Cowan Insurance Group.
Indwell is a Hamilton-based charity that creates community-based multi-residential affordable housing. Its programs support over 570 households in Hamilton, Woodstock, Simcoe, and London. Current projects are also underway in Mississauga and Kitchener. Each Indwell community offers a trained staff team that provides tenants who live independently with supports tailored to their situation. To learn more, please visit indwell.ca.
About The Cowan Foundation
The Cowan Foundation was started in 1995 in honour of Frank Cowan, our founder. The Foundation is sustained by the ongoing success of the Princeton Holdings group of companies including Cowan Insurance Group (and its subsidiary Cowan Financial Solutions), Cowan Asset Management and Fountain Street Finance. Together they provide insurance and risk management solutions to clients. The goal of The Cowan Foundation is to make a positive difference in the lives of Canadians and the broader well-being of our communities. For more information, please visit www.cowanfoundation.ca.
About Cowan Insurance Group
As a prominent Canadian-owned and operated independent insurance brokerage and consulting operation, Cowan Insurance Group provides real value in insurance and risk management solutions to businesses, organizations and individuals. Approaching 500 employees and operating out of 12 locations across Canada, we partner with leading national and international insurance companies to advise on and create retirement, group benefits, disability management and international benefits programs for employee groups. We also offer wealth and asset management as well as financial and succession planning services to individuals, and specialize in property, casualty and credit insurance. For additional information about Cowan Insurance Group, please visit cowangroup.ca.