This year the Comox Valley Community Foundation will award $250,000 to local charities and students. This brings the total amount returned to the community since the inception of the Foundation to $1.75 million.
The majority of the grants were awarded during the CVC Foundation’s annual Community Enrichment Awards on Friday, January 15, 2016. Then, 18 local charities received in excess of $124,000. These organizations fall within one of the five areas of interest supported by the Comox Valley Community Foundation and include Arts and Culture, Environment and Parks, Health and Welfare, Education and Youth, and Seniors.
“We are always so pleased to be able to make these grants,” said Foundation President, Dr. Norman Carruthers “We feel privileged to be able to assist the many groups working tirelessly to improve our community.”
The CV Community Foundation also administers a number of endowment funds for local organizations whose total awards, disbursed in late 2015, amounted to more than $63,000. Later this year $27,500 in scholarships and bursarieswill be awarded to local students. In addition, the Foundation has set aside funds for new community grants that will be awarded later this year.
“It’s inspiring to hear first hand from the recipients how the CVCF funds impact each organization and the community as a whole,” said Carruthers.
Currently the Comox Valley Community Foundation has assets totalling $11 million. All assets are invested in perpetuityso there will be an on-going source of funding for local initiatives.