Enriching Life in the Comox Valley
The Comox Valley Community Foundation provides an opportunity for people to contribute to a permanent endowment fund which is used to enrich the quality of life in the Comox Valley.
The Comox Valley Community Foundation provides an opportunity for people to contribute to a permanent endowment fund which is used to enrich the quality of life in the Comox Valley.
This year interest generated by funds donated to the Comox Valley Community Foundation has allowed us to contribute over $51,000.00 to help local organizations make a difference to life in the Comox Valley.
The Foundation presented $15,000 to the Alano Club to renovate their heavily used kitchen, streamlining food preparation and decreasing the club's hydro bills.
The Comox Valley Therapeutic Riding Society, which provides therapy to mentally, physically or emotionally challenged individuals through horse-back riding received $10,735 to support their programs.
Last year Foundation funds were used to support Lilli House, The Comox Valley Transition Society's home for women and their children who are escaping abusive relationships.
Last year the Foundation also helped the Cumberland Historical Society and Museum purchase equipment to maintain, update and more effectively display their collections to the public.
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It provides a means whereby the community's charitable assets and decision making can be applied locally; it pools the charitable gifts of many donors into a permanent, income-earning endowment that benefits the people of this valley and fulfills the philanthropic objectives of individual donors; it makes grants from the earnings on these funds to support a broad variety of initiatives from health, education and social services to arts, culture and the environment; and it offers neutral advice and support to all kinds of individuals and organizations trying to make philanthropic decisions..
A seventeen-member Board of Directors is responsible for the overall policies and practices of the Foundation and relies on the recommendations of the Distribution Committee, which oversees the granting process and is made up of volunteers with knowledge and expertise in five fields of interest: Arts and Culture, Environment and Parks, Health and Welfare, Education and Youth and Seniors; the Investment Committee, responsibile for the policies and general administration of the Foundation's investments; .........
Individuals and families often establish an advised fund within the Community Foundation instead of establishing their own foundation. This adds to administrative efficiency and reduces expenses.
Some corporations rely on the expertise of the Community Foundation to administer their corporate donations programs.
Many charities, including other foundations, place their endowment funds with the Community Foundation in order to ensure their future financial viability, preserve their endowments in perpetuity and benefit from ongoing professional endowment management expertise.