Revelstoke Community Foundation Chair Steven Hui thanks Mount Begbie student Emma Otsig for her winning logo entry to the foundation’s new ‘environment fund.’

What is the Revelstoke Community Foundation?

The Times Review asked Revelstoke Community Foundation Chair Steven Hui some questions about the Revelstoke Community Foundation in order to provide a primer for those who don’t know much about the organization. Here is our Q&A:

The Times Review asked Revelstoke Community Foundation Chair Steven Hui some questions about the Revelstoke Community Foundation in order to provide a primer for those who don’t know much about the organization. Here is our Q&A:

Revelstoke Times Review: What exactly is the Revelstoke Community Foundation?

Revelstoke Community Foundation Chair Steven Hui: The Community Foundation offers a mechanism where donations may be accumulated in what is called an endowment. This protects your investment and only the proceeds of the investing of the endowment are given as grants, thus your donation stays in perpetuity.

When making a charitable or estate donation, Revelstokians have many worthy options. Why choose the Revelstoke Community Foundation?

The Community Foundation typically benefits its own community and can react to its unique changing needs. Community Foundations have the same tax benefits as other charitable groups.

Can I make specific requests for my donation?

A donor or organization may specify the area or project in which its income may be granted once the endowment reaches $5,000. Recipients must be registered charitable organizations in Canada.

How can donors be sure their donations are being managed and administered well?

There are usually very strict rules as to how monies can be invested by a community foundation. Typically monies are managed by money managers who have experience and success investing for foundations.

How do you decide which organizations you’re going to support through funding?

We have a grantmaking committee with members who represent a good cross section of the community profile, such as arts, sports, health, etc. They have the responsibility to review applications and make grants that reflect the community’s greatest need.

Why are you personally involved with the Revelstoke Community Foundation?

I have been very fortunate to have a business and raise my family in a great city. It was a perfect way way to give back to the community knowing that your work was going to eventually lead to a permanent gift for the community.

~compiled by Aaron Orlando

 

Just Posted

Balu Pass closed in Glacier National Park

The National Park is east of Revelstoke on Highway 1

Junior B hockey starts again later this month, how are the Doug Birk teams looking?

The Grizzlies are defending KIJHL and provincial champions and hoping to repeat the wins this year

Highway 1 road construction continues, high 26 today

Revelstoke roads, weather and wildfires update

Motorcyclist involved in Westside Road crash

Air ambulance assists while motorists face lengthy delays

Second cannabis store in the works for Revelstoke

City Council approved a development variance permit for Revelsmoke Aug. 13

VIDEO: Canadian zoos’ captive breeding programs help preserve endangered species

Programs considered last-ditch effort to prevent local extinctions of turtles, butterflies and more

South Okanagan pays it forward to BC Wildfire Service firefighters

Community members thank Eagle Bluff firefighters through Tim Hortons donations

Vancouver man arrested after pregnant woman’s SUV stolen, then crashed

Police are recommending charges against a 22-year-old Vancouver man

Elections Canada to assess ‘partisan’ climate change rhetoric case by case

People’s Party of Canada Leader Maxime Bernier has said climate change is not an emergency nor caused by human

Unseasonable snow forces campers out of northeastern B.C. provincial park

Storm brought as much as 35 centimetres of snow to the Fort Nelson, Muncho Lake Park-Stone Mountain Park

Art and music at Summerland Ornamental Gardens

Second event of the summer will be held Sunday, Aug. 25

B.C. log export rules killing us, northwest harvester says

NorthPac Forestry says Skeena Sawmills has plenty of timber

Sleep expert recommends Summer snooze solutions

Summertime brings light, noise, heat and other conditions that can make getting to sleep hard.

Most Read