Community Foundation announces largest ever granting
The Community Foundation of the South Okanagan has announced that it will grant $190,000 to local charities in 2012. This is the largest amount the Community Foundation has ever made available for granting in its 20-year history.
“Considering the current economic climate, we are very pleased to be granting a record-setting amount of money this year,” said Aaron McRann, executive director of the Community Foundation. “It’s important to note, as well, that this money is being granted from investment proceeds and we are still able to secure the original donations to the Endowment Fund, which is now approaching $6 million.”
In 2011, the Community Foundation disbursed more than $169,000 to charities throughout the South Okanagan Similkameen. These grants were paid from investment earnings on the total endowment of almost $6 million.
The Community Foundation is committed to supporting a broad cross-section of need in the communities of the South Okanagan, covering everything from Arts & Culture to Animal Welfare, to Children and Youth Services. “We believe that every sector of our community is important to overall wellbeing of our citizens,” said McRann. “There are local charities doing important work throughout the South Okanagan and we are committed to helping them succeed. Nowadays, they’re feeling squeezed in all directions so we’re doing whatever we can to help out.”
About 1/3 of the available funding has been pre-designated by generous donors and fundholders and the Community Foundation is committed to ensuring their wishes are fulfilled in perpetuity. The remainder of the funding will be disbursed the 2012 Grant Cycle, which closes on February 6, 2011. NOTE: The Application Deadline for 2012 grants is 5 p.m. on February 6, 2012.
Organizations that are registered as a Canadian charity under the Federal Income Tax Act are eligible to apply to the Foundation for grants. Grants cannot be made to individuals. Funding guidelines can be obtained by contacting the Foundation’s office at 250-493-9311 or by visiting the website: www.cfso.net.