Up and Coming News!
New website!
We are revamping crfoundation.ca to offer you a more dynamic, user friendly and current website. It will feature the latest webpage components so that we can show you photos, offer downloads and an electronic newsletter. We will also offer you secure online donations straight from our website for your convenience.
The new website is anticipated for a September 2010 launch. Check back soon for the new layout and features.
We want to celebrate YOU!
The Campbell River Community Foundation wishes to recognize the amazing efforts and generosity that exists in our area. From youth to seniors, we have the spirit of a giving and caring community.
We are going to celebrate National Philanthropy Day®, November 12, 2010. This is the special day set aside to recognize and pay tribute to the great contributions that philanthropy—and those people active in the philanthropic community—have made to our lives, our communities and our world. Our community has much to celebrate when it comes to giving so we are joining in on the international celebration of philanthropy.
In 2009, more than 100 communities and 50,000 people around the world participated in National Philanthropy Day® events and celebrations. The event is now 25 years old. It was originated by the Association of Fundraising Professionals (AFP).
Our 2010 committee is currently in the planning stages for this event. More details to follow. |
What is a community foundation?
A community foundation is much like a private foundation; its funds, however, are derived from many donors rather than a single source, as is usually the case with private foundations.
Further, community foundations are usually classified under the tax code as public charities and therefore are subject to different rules and regulations than those which govern private foundations.
A community Foundation is a collection of charitable gifts both large and small. These gifts are pooled and invested and the investment income is distributed as grants to local charitable organizations.
The capital is never touched and continues to grow with each new gift, generating income to meet a wide range of community interests and needs for years to come.
Community foundations are registered with Revenue Canada as tax exempt "Public Foundations". They have a duty to account to the community for the use of the funds.
What are the benefits to the community?
Campbell River Community Foundation provides a means of keeping charitable donations within the community and increasing the amount of money available to all types of non-profit organizations. It offers a permanent source of funding because only the investment income of the pool of funds is dispersed.
Campbell River foundation strives to use the income from the funds entrusted to it to serve the interests of Campbell River in the areas of education, health and welfare, culture, environment and parks, youth and seniors. The foundation is governed by a board of respected and dedicated volunteers.
What do community foundations do?
-Pool the charitable gifts of many donors into permanent, income-earning endowment funds that benefit local communities.
-Make grants from the earnings of these funds to support a wide range of local initiatives - from health, education and social services to arts and culture and the environment.
-Provide leadership to their communities by bringing people together from all sectors to identify and address local issues.
Canada's 153 community foundations hold combined assets of over $2.3 billion. During 2005, they made over $115 million in grants to support local priorities across the country.
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Welcome...
Campbell River Community Foundation
