22 • NEWS
WEDNESDAY, AUGUST 29, 2012 - SOOKE NEWS MIRROR
www.sookenewsmirror.com
Philanthropy
The Victoria Foundation & Black Press Working Together – how philanthropy shapes our community
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Charities plan for the future 13 new endowment funds established Building on its 76-year history, the Victoria Foundation has boldly invested in the vitality of our region once again. The Foundation has created 13 new endowment funds that will benefit hundreds of clients of Vancouver Island charities. The funds were created with $100,000 in matching funds from the Foundation as part of its new Smart & Caring Community Fund. Each of the organizations is contributing a minimum of $7,500 toward their new endowment fund, which is being matched by $7,500 from the Smart & Caring Community Fund. “We created the Smart & Caring Community Fund in response to a call last year from the Governor General of Canada, The Right Honourable David Johnston,” said Sandra Richardson, CEO of the Victoria Foundation. “He asked the country’s community foundations to join him in bringing to life a vision for a smarter and more caring nation. This endowment initiative is one way of responding to his goals to expand the reach of community foundations and to help more organizations respond to their clients’ individual needs and opportunities.” As well, $100,000 in matching funds from the Smart & Caring Community Fund is being used to support a physical literacy program for children. This pilot program with The Cridge Centre for the Family, Pacific Institute for Sport Excellence and Pacific Sport Victoria was officially launched on July 19 with Governor Gen-
eral David Johnston in attendance. Donations will continue to be accepted for this program. The opportunity to participate in the matching program was offered to registered charities that had previously contacted the Victoria Foundation to discuss setting up an endowment. It was soon fully subscribed by astute Boards of Directors who knew a good opportunity when they saw one. As part of its charitable activities, the Victoria Foundation manages 100 endowment funds for 75 registered charities, annually distributing earnings from these permanent funds to the organizations. The Foundation accepts donations to the funds on behalf of the charities, thereby reducing their costs and administration time. The funds also benefit from the diversification of being part of the Foundation’s $180million in assets under management. Gifts to any of the endowment funds that are managed by the Victoria Foundation can be made online at www.victoriafoundation.bc.ca. Donations may also be made directly to the Victoria Foundation by credit card, cheque or publicly traded securities. Contact the Foundation at 250-381-5532 for more information on these donation options.
The organizations participating in this matching program are: • 1UP Victoria Single Parent Resource Centre • Bateman Foundation • Boys and Girls Clubs of Central Vancouver Island • City of Victoria Shape Your Future Victoria Legacy Fund • Island Deaf and Hard of Hearing Society • Learning Through Loss Society • Maritime Museum of BC • Metchosin Foundation • Mount Douglas Secondary Alumni Association • Pacific Peoples’ Partnership • Prostate Centre • Saanich Legacy Foundation • Shaw Ocean Discovery Centre
Since 1936, the Victoria Foundation’s permanent endowment has had the power to connect people who care with causes that matter. If you wish to make a difference in your community – one that has lasting impact, start here. Call Sandra Richardson, CEO for information at 250.381.5532. www.victoriafoundation.bc.ca
1. The Maritime Museum of BC represents a rich and vast link to the province’s nautical roots by maintaining a large collection of artifacts, photographs and charts, and running popular public and school programs. 2. The Prostate Centre, a community-based health organization, is a resource centre for Vancouver Island and Gulf Islands patients and their families coping with prostate cancer. 3. The Metchosin Foundation encourages and supports the rural nature of Metchosin while preserving and safeguarding the unique ecosystems, flora and fauna for everyone to enjoy.
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