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.
YANA
This year Foundation funds were used to support YANA, a local organization helping families that need to travel for medical treatment for their children.
Denman Seniors Centre
Foundation funds also went to help Denman Seniors revitalize their Seniors Activity Centre and add a new recreational option for Island seniors that will provide fitmess assessments and seniors oriented instruction.
Courtenay and District Museum
A Foundation grant this year to the Museum Society will allow museum visitors to view photos, digitized images and animations from the museum's archives.
Union Bay Community Club
Some times Foundation funds go to nuts and bolts projects. This year the Foundation helped the Union Bay Community Club upgrade their heating system with the purchase of a new heat pump and furnace.
Responsible Stewardship
We attract, develop and manage permanent endowment funds through responsible stewardship.
Meeting Community Needs
We assess and respond to existing, emerging and changing community needs through grants to eligible organizations.
Facilitating Philanthropy
We provide a means for individuals and organizations with varied interests and levels of giving to contribute financially to their community.
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Community Foundations
What does the Community Foundation do?
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..
Who Manages It
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; .........
Who Donates?
Individuals and Families
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.
Corporations and Charities
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.