Ivey Foundation was incorporated as a private charitable foundation on December 31, 1947 by Richard G. Ivey and his son Richard M. Ivey. The Foundation's mission is to improve the well-being of Canadians by focusing its resources on selected issues of significance. With a long history of supporting excellence and valuing transparency and accountability, Ivey Foundation also embraces change as a necessary part of its evolution.

Established in 2014 as a strategic priority, Ivey Foundation's primary focus is the Economy and the Environment granting program.