Saturday July 10, 2010
Hospital Receives Booster Shot
The Chilliwack Foundation announces another 100k donation
Craig Hill/Voice photo
Todd Harvey talks with some elated recipients of grant money at City Hall last Monday.
odd Harvey, Vice-Chair, Chilliwack Foundation, was at City Hall last Monday to present grants to the successful spring applicants and while doing so, made a surprise announcement that the benevolent organization will be donating another $100,000 to the hospital redevelopment fund, which he said will be paid out incrementally over three years from 2012 to 2015.
Grants were made to the following organizations: Central Elementary Community School, Sardis Elementary School, Tyson Elementary School, Chilliwack Museum and Archives, Fraser Valley Health Care Foundation and the Ann Davis Transition Society
Harvey told council that the cheques were being presented for the spring grant season.
The Chilliwack Foundation is a not-for-profit foundation created in 1985 by a special act of the BC Legislative Assembly.
The Foundation accepts donations from various individuals who want to support local organizations that are involved in cultural educational or other charitable projects that benefit the community.
The Foundation also has a scholarship program that provides local students with scholarships each year.
The funds donated to the Foundation are held in perpetuity in interest-producing assets and then virtually all of the income generated from those assets each year is distributed.
So some of the funds have been designated to particular organizations or scholarships that are received funds from those designated funds each year.
"There's also funds under administration at the Foundation that are undesignated, they haven't been designated to any particular cause. And so those are distributed twice a year by the distribution committee," said Harvey.
The Foundation board meets twice a year in the spring and the fall to review grant applications that are submitted by community organizations.
"This year in the spring deadline was May 17, and so the distribution committee met a couple of weeks ago on June 3, to review all of the grants applications for this spring season," said Harvey. "At that meeting, the committee approved grants totaling $38,238.63 which is a slightly different figure from the press release earlier today."
Harvey said the committee had to make difficult decisions because 29 groups were after over $500,000 and the Foundation had just $38,000 to distribute.
Central Elementary Community School received $1500 for a permanent mosaic art project. The money is to pay for artist's fees and materials for that project.
Sardis Elementary and Tyson Elementary split $6,119.31 of Foundation money that had been set aside for Sports & Recreation projects.
Ron Denman, from the Chilliwack Museum, accepted a cheque for $2500 for their "One River, Many Voices" project.
The Ann Davis Transition Society received a whopping $9,500 cheque that will go toward the purchase of a new building to house the society. Robbie Jacob accepted the cheque from Harvey.
Coun. Janzen accepted a $12,500 grant from the Chilliwack Foundation who had dedicated $100,000 to the hospital redevelopment project through the Fraser Valley Healthcare Foundation. To date, $75,000 of that amount has been paid and the final installment will come through in the fall.
The new fiscal year for the Foundation has just started and they will be distributing funds accumulated through investments in the fall and spring of next year.
"I'd like to invite community organizations to apply for the fall grant season and we do have a deadline of November 22 for applications to the Foundation for fall." added Harvey.
Mayor Sharon Gaetz thanked Harvey for the organization's generosity.
"The citizens of Chilliwack have really counted on your grants and I know that the Chilliwack Foundation works really hard that they're good investments and money grows and you can stretch it as far as you can," she said. "Thank you for your good management and your playing Santa Claus tonight, it was really nice to have you here in council chambers."
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