Revelstoke Community Foundation seeks donations

The Revelstoke Community Foundation is seeking your help to reach their goal of $1.5 million in total funds by the end of the year.

The Revelstoke Community Foundation is seeking your help to reach their goal of $1.5 million in total funds by the end of the year.

Foundation Chair Daryyl Willoughby said the organization has raised $45,000 so far this year, but hopes a late surge before the tax year ends will put them at about $80,000.

The foundation has given out about $350,000 in grants since they were formed in 1999 as the community’s official centennial legacy project.

“The best thing about the foundation is it’s a permanent fund,” explained Willoughby. “It’s basically a gift that keeps on giving.”

The Foundation maintains its base investment and gives out a small percentage, allowing it to grow the fund each year.

They gave out grants totalling over $50,000 in 2011.

Their long-term goal is to build the fund to $2.5–$3 million by 2020.

They have a significant scholarship fund and donate to many types of charitable causes in Revelstoke.

Willoughby said the organization has built the fund over the years and are now in a stable pattern:

“It’s like anything,” he said. “It takes a while to start up. Once you get some momentum, you get some good years. … We’re in a very stable pattern right now.”

They can issue tax receipts for donations.

The Foundation is looking to build donations through estates and wills.

They have several targeted funds that allow donors to choose what types of activities or organzations benefit from the donation.

See revelstokecf.com or call 250-837-5345 for more information.

 

 

 

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