The Campbell River Community Foundation Mission is to enrich life in Campbell River by:
Developing a permanent endowment
Assessing and responding to emerging and changing community needs
Providing a vehicle and service for donors with varied interests and levels of giving
Serving as a resource catalyst for charitable activities in our community
What is a Community Foundation?
A Community Foundation is a collection of charitable donations, both large and small. The first community foundation grew from the wish of a retiring librarian to leave a permanent fund so that the flag flying over her library could be replaced when needed. She donated enough funds so that the interest each year covered the cost of the flag!
Nowadays, donations to the community are pooled in a permanent endowment fund and invested. The interest earned on the investment (the permanent endowment) is distributed each year 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 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?
The 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 income from interest earned by the fund is dispersed.
The Foundation uses this income from the funds entrusted to it to serve the interests of greater Campbell River in the areas of education, health and welfare, culture, environment, parks and recreation, youth and seniors. The Foundation is governed by a Board of respected volunteer citizens, who appoint a grants committee to research applications for funding, and make recommendations to the Board each year for grants which are used to further the well-being of Campbell River citizens overall.
The geographic area served by the Campbell River Community Foundation includes North Campbell River to Sayward, West to Buttle Lake, East to Quadra/Cortes Islands, and South to the Oyster River.