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2013 ANNUAL REPORT building legacies Credit:Photo Lake Windermere Ambassadors in our valley communities COLUMBIA VALLEY COMMUNITY FOUNDATION P.O. BOX 991 INVERMERE, BRITISH COLUMBIA V0A 1KO Columbia Valley T: 250-347-6404 Community Foundation E: [email protected] is a proud member of www.ValleyFoundation.ca COLUMBIA VALLEY COMMUNITY FOUNDATION 2013 ANNUAL REPORT | building legacies in our valley communities 1 where we began OUR HISTORY A dedicated and inspired group of community visionaries formed the Columbia Valley Community Foundation in June 2001. Their aim was to build community vitality --- from the most basic of needs to those elements that give the Columbia Our Roots: 2001-2002 Valley its quality of life --- in our communities stretching from Spillimacheen in the FOUNDING BOARD OF DIRECTORS north to the Village of Canal Flats in the south. Bruce McLaughlin, Chair Emile Morin, Vice Chair This early call to action was supported by two key community builders: the Marla Lucas, Secretary Columbia Basin Trust and the Vancouver Foundation. Roger Smith, Treasurer Ken Bell By September 2002, initial endowment funds were established, the first grant Leona Gadsby funds were invested in critical community projects, and like-minded members Seona Helmer Deborah-Kim Rice came together to grow and strengthen their passion for community philanthropy Lynne Turvey through the newly formed Foundation – one of 191 in Canada. Carol Seable Tim Strand The results of this purpose, promise and passion have been quiet, but far-reaching Hedi Trescher th and exponential. In the 13 year of building legacies in our communities, our FOUNDING PARTNERS Community Foundation is honoured to report: Vancouver Foundation total endowment funds (assets) = $2,372,358 Columbia Basin Trust FOUNDING DONORS total grant funds to community charities (2002-2013) = $322,083 Ken and Agnes Bell total number of community projects funded = 121 Claude Campbell Columere Park Developments Ltd. George Deck HISTORIC MILESTONES Georgina and Bill Dubois 2001 Fairmont Business Association Stakeholder meetings starting in 2000 were favourable for the formation of a Fairmont Hot Springs Resort Ltd. Fairmont Park Properties Ltd. Community Foundation in the Columbia Valley; Robert Fowler BC Society incorporation is completed by founding members and directors on Jim Galloway June 21, 2001 (#S0043369) Ken and Ruth Gordon November 2001 – Charitable status approved by Canada Revenue Agency and Bill and Nancy Hay charitable registered number is issued - #88261 8713 RR0001 Amanda Hubbard December 2001 – Community Foundation of Canada membership Art and Fern Keith December 2001 – Fundraising begins in earnest George and Arlene Loewen Dave and Marla Lucas 2002 MacKenzie Financial Corp. Applications to Vancouver Foundation and Columbia Basin Trust approved Bruce and Marlene McLaughlin ($25,000 each) Emile and Lorraine Morin June 2002 – Grants funds distributed for the first time Charles Osterloh September 2002 – First Annual General Meeting Rocky Mountain Realty Ltd. Total assets reach $141,014 Wayne Rossington 2006 Carol and Don Seable Endowment funds increase threefold over 2005 Roger and Dorothy Smith Tim and Donna Strand Highest value of grants awarded (total $76,000) Dave and Donna Rae 2008 Hedi Trescher Global financial meltdown results in losses on investments at a rate of -8.8% Westfield Homes Ltd. 2010 FOUNDING MEMORIAL DONATIONS Establishment of Kootenay Savings Community Fund is made possible by Fairmont Business Association generosity of Kootenay Savings Foundation Fairmont Hot Springs Resort Ltd. 2012 Dave and Marla Lucas Single largest donation in Foundation’s history to the Arnold Ellis Scholarship Bruce and Marlene McLaughlin Carol and Don Seable Fund in the amount of $1,475,000 TO REMEMBER Directors choose Vancouver Foundation as endowment funds manager Rosie Bunge 2013 Ann Tilley The purpose of the Foundation is amended to include scholarships, bursaries, awards and financial assistance for the education of youth The Foundation hires paid employees for the first time COLUMBIA VALLEY COMMUNITY FOUNDATION 2013 ANNUAL REPORT | building legacies in our valley communities 2 why we do it OUR VISION To build legacies in our Columbia Valley communities Photo courtesy of: Lake Windermere Ambassadors OUR MISSION Ten reasons people The Columbia Valley Community Foundation, a charitable organization, provides leadership to: choose community Create connections that inspire giving to causes that matter in the Columbia foundations.* Valley; One Be excellent caretakers of the assets entrusted to us; and, We are a local organization with deep roots in Invest in people, ideas and activities that enhance the quality of life and the community, and part of a nationwide strengthen our communities. movement whose support we build and share. PhotoTwo courtesy of Lake Windermere Ambassadors OUR PRINCIPLES We bring donors to the table as community builders, working closely with them to align We stand for: their philanthropic vision with the community’s Compassion – We believe in the power of individuals and organizations caring needs. enough to work together for positive change in our communities. Three Fairness – Our business practices are fair, equitable and accessible. We identify long-term needs and opportunities Integrity – Our work is characterized by valued partnerships, collaborative and invest in solutions that let our communities learning, mutual respect and a spirit of inquiry. guide their own future. Accountability – We are accountable for what we do and transparent in how Four we do it. We take a broad and inclusive view of what a Diversity – We value the privilege of supporting our communities and their community is, and provide grants to the widest many helping organizations that are on the ground delivering services and possible range of organizations and initiatives. programs. Five We provide highly personal and flexible service, accepting a wide variety of assets and OUR CONSTITUTIONAL PURPOSES offering donors maximum tax advantage. The Columbia Valley Community Foundation is a society registered in the Province Six of BC with special status (and restrictions) from the federal government to operate We build permanent funds and those that can as a Public Foundation. The purposes of our society are as established in 2001 and respond to immediate needs, helping our communities ensure vital futures. amended in 2013 are: Seven (a) To fund, facilitate, promote and carry out activities and programs which are We multiply the impact of gift dollars by beneficial to the residents of the Columbia Valley in British Columbia in a way pooling them with other gifts. the law regards as charitable. Eight (b) To receive gifts, bequests, funds and property, and to hold, invest, administer We believe that diversity is strength, so we and distribute funds and property for the purposes of the society, for such bring the entire community together to organizations as “qualified donees” under the provision of the Income Tax Act stimulate new ideas, build participation and and for such purposes and activities as are authorized for registered charities strengthen community philanthropy. under the provisions on the Income Tax Act; Nine (c) To do all such things as are incidental and ancillary to the attainment of the We are transparent and reputable stewards foregoing purposes and the exercise of the powers of the society; and, of community resources, committed to being (d) To advance education by providing scholarships, bursaries, awards and other accountable, accessible and responsive. forms of financial assistance for the training and education of youth at the Ten post-secondary level at trade schools, technical colleges and university We build community vitality – the unique and essential spirit that flourishes when people institutions. believe their community holds possibilities for everyone. *From CFC website - www.cfc-fcc.ca About Canada’s 191 Community Foundations Community foundations play a crucial role in how people give back where communities need it most. We connect people, families and companies with causes that inspire them – pooling resources, knowledge and expertise to achieve greater impact. Collectively, we manage more than $3.3 billion in assets and invested more than $143 million in Canadian communities in 2012 alone. COLUMBIA VALLEY COMMUNITY FOUNDATION 2013 ANNUAL REPORT | building legacies in our valley communities 3 who we are OUR MEMBERS The Columbia Valley Community Foundation’s membership came together to form and incorporate the Society at its inception, and memberships are for a lifetime. Members are entitled to one vote at the Annual General A message from the board of directors Meeting each year. A person needs not to be a member of Dear Columbia Valley Community Foundation the Foundation in order to be eligible to be a director of the members, donors, partners, friends, Foundation. Our Foundation has led vital philanthropic work in the MEMBERS as of MAY 2014 Columbia Valley for 12 years, and this past year has been no exception. It has been a privilege to serve as the board John Allan Arlene Loewen of your community foundation, and to work with the Margaret Allan George Loewen talented and dedicated people who have made such Nancy Ballard Marla Lucas impressive contributions to giving, growing and investing Wally Black Sue Macdonald in our communities. Susan Claus Bill MacDonald Warner Einer Pat McCormick As an organization, we have
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