Directing Your Donation

Making a donation to the CV Community Foundation doesn’t always mean giving up control of how that money will be used. “Donor advised funds” are an important part of the CVCF’s grant making program.

One example of a ‘donor advised fund’ is the Rotary Club of Courtenay Foundation Fund. It was created in 2010 to combat the effects of poverty and promote education. Every October the Courtenay Rotary club learns how much income its fund has created and then directs the CVC Foundation on how to spend that income. This year, grants of more than $11,000 were made to Camp Gilwell (for a much needed kitchen renovation) and to three literacy projects for pre-schoolers, Grade 3 students and adults.

“When we saw the success of the CVCF and realized that we could still have a say in how the income would be spent,” says Courtenay Rotary President Ron Perrin, “we decided this would be a very efficient and effective way to go.” The Fund was created with an initial gift of $170,000. It continues to grow as the club and individual club members make contributions year after year.

Donations to the Comox Valley Community Foundation come from many different sources. Some of the largest gifts have come from organizations like the Rotary Club of Courtenay Foundation. These organizations see the advantages of pooling funds in a larger endowment administered by the CVCF’s independent board and drawing upon all that experience in investing and evaluating grant applications.

To learn more about how your group can benefit from the Comox Valley Community Foundation’s experience, please visit the website.

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2022-23 Impact Report

2022-23 Impact Report

Learn how giving through the Comox Valley Community Foundation is advancing essential projects, programs, and services...

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