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This year the Comox Valley Community Foundation will award $200,000 to local charities and students.
“This is a 50% increase over last year and the largest amount the Comox Valley Community Foundation has been able to disburse since it was founded,” said Norm Carruthers, CVC Foundation President. “To be able to pay such a sizable amount is very exciting for our many donors and our directors.”
The majority of the grants will be awarded during the CVC Foundation’s annual Community Enrichment Awards taking place Thursday, January 15 at 2 pm, at the Comox Recreation Centre. Then, 20 local charities will be awarded in excess of $118,000 to help them achieve their goals. 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. The CVC Foundation has awarded over $1.5 million since 1996.
“The Community Enrichment Awards ceremony is one of the highlights of the year for the Foundation,” said Carruthers. “We hear first hand from the groups about how these funds impact each organization and the community as a whole. It’s inspiring!”
The CV Community Foundation also administers a number of endowment funds for local organizations whose total awards, disbursed in late 2014, amounted to more than $50,000. Later this year $23,000 in scholarships and bursaries will be awarded to local students. The CVC Foundation also sets aside funds for grant requests that emerge outside of the grant review and award cycle.
Currently the Comox Valley Community Foundation has assets totalling $5 million. All assets are invested in perpetuity so there will be an on-going source of funding for local initiatives.
For further information about the Comox Valley Community Foundation, its mission and how individuals or organizations can participate in enriching life in the Comox Valley visit, the Foundation’s website at www.cvcfoundation.org
