Vancouver Foundation
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| Vancouver Foundation | |
| Founder(s) | Alice G. McKay |
|---|---|
| Founded | incorporated 1943 (established by act of the Provincial legislature, 1950) |
| Headquarters | Vancouver, BC, Canada |
| Key people | Chair of Board of Directors, Jake C. Kerr, CM, OBC |
| Area served | British Columbia |
| Focus | Community foundation |
| Method | Donations and Grants |
| Endowment | Can$800 million |
| Employees | 30 |
| Slogan | Mission Statement: To create positive and lasting impacts in communities in British Columbia through knowledge, networks and philanthropy. |
| Website | [1] |
The Vancouver Foundation is Canada's largest community foundation. It was established in 1943 as a community endowment fund to benefit the lives of British Columbians. Today, it manages about $800 million in endowment funds, and in 2006, distributed about $40 million to communities. Besides managing funds for individual donors, agenices and corporations, it also works with community advisors to select and distribute grants in the fields of: arts and culture; animal welfare; children, youth and families; education; environment; health and social development; health and medical research; and youth leadership. [1]
Contents |
[edit] History
The Vancouver Foundation has its roots in the 1940s with a $1,000 dollar bequest made by Alice G. McKay, a Vancouver secretary who saved money from her pay-packet in order to help break the cycle of poverty in Vancouver. Inspired by this gift, a local businessman, W.J. VanDusen, established the foundation in 1943 with 10,000 dollars of his own. Further, Van Dusen persuaded nine other families to match his gift of $10,000.
- Initial Endowment of the Foundation
- The ten founding families are:
-
- W.J. VanDusen
- Gordon Farrell & family
- F. Ronald Graham
- George Kidd
- H. R. MacMillan
- W. H. Malkin
- C. T. McHattie
- Chris Spencer
- A. H. Williamson
- W. C. Woodward
-
The 101,000 dollars has now grown into a major charitable force with an endowment of roughly $800 million.[2].
[edit] Activities
Vancouver Foundation now operates as a community foundation. Its endowment consists of a collection of endowed funds. Income from these funds is disbursed in support of charity organizations throughout the province of British Columbia.
[edit] Incorporation and Registration
In 1950 the Foundation was incorporated by the Legislature of British Columbia in a Special Act. It is registered as a public Charity with Revenue Canada with charity number 11928-1640-RR.
[edit] See also
[edit] Notes and references
[edit] External links
- Official website Information about activities.
