The Foundation is responsible for managing and administering a variety of funds that have been established by generous donors to help enhance the quality of life in the Comox Valley.
Most of these funds have been set up by donors as discretionary or unrestricted funds which have been pooled to create one large Community Fund. It is this fund that provides much of the income that is used to provide grants to many local charitable organizations.
In addition to this large fund there are some special funds that have been created by donors who wish to support a specific field of interest. For example there are funds whose annual income is to be directed towards supporting music and theatre; another has been created to support salmon enhancement and the development and preservation of other fish stocks; while one other fund, in part, is designed to help support education programs that build on the capacity for individuals to pursue effective participation and leadership in community life.
There are also funds that have been established by local charitable organizations to help support their programs. These Agency Endowment Funds cover a broad spectrum of community needs such as the ones established by North Island College, Sid Williams Theatre and the Hornby Island Community Fund to name just a few.
Special funds have also been created by individuals, families and businesses. The investment income from these funds provides scholarships and bursaries for local students who will be continuing their education at the post-secondary level. Some of these grants have been designated for those studying engineering or pursuing a career in nursing or general health care.
Currently the Comox Valley Community Foundation holds and administers over 70 individual charitable and pooled funds. Since 1998 the Foundation has disbursed over $1.2 million in grants to support local charitable organizations.
To find out more about the Comox Valley Community Foundation, the various funds and how you can help, visit the Foundation’s website at www.cvcfoundation.org
