COMMUNITY FOUNDATIONS OF CANADA 150 FUNDING
Community Fund for Canada’s 150th
Canada’s 150th is an historic moment with the power to strengthen our communities and our connection to one another. The Community Fund for Canada’s 150th is a collaboration led by the Community Foundations of Canada and the national network of community foundations, of which the Nakusp and Area Community Foundation is part of. The Community Fund for Canada’s 150th is a small grants program that will support local community initiatives.
The purpose of the Community Fund for Canada’s 150th is to engage Canadians from all walks of life in a wide range of local projects that build community, inspire a deeper understanding of Canada, and encourage participation in a wide range of initiatives that mark Canada’s 150th anniversary of Confederation.
Who can apply?
Qualified Donees – must be a registered charitable organization or supported/sponsored by a registered charitable organization.
What kinds of projects are eligible for funding?
In collaboration with the Community Fund for Canada’s 150th, the Nakusp and Area Community Foundation, will consider applications for grants from projects that meet the following eligibility criteria
- Eligible projects must be based in Canada and must work towards the Fund’s objectives to:
- ENCOURAGE participation in community activities and events to mark Canada’s 150th anniversary of Confederation;
- INSPIRE a deeper understanding about the people, places and events that shape our country and communities;
- BUILD vibrant and health communities with the broadest possible engagement of all Canadians, including indigenous peoples, groups that reflect our cultural diversity; youth, and official language minorities.
- Eligible projects are required to Match the grant requested, through in-kind or cash contributions equal to the value of the grant.
Ie: An applicant that requests a $2,000 grant for a project would be required to come to the table with $2,000 worth of cash or in-kind support for their own project. Cash can come from other funding sources; in-kind contributions may include volunteer hours or other resources that are not covered by the request grant.
- Eligible projects must commit to performing funded activities and expenditures between the date of the grant approval and January 31, 2018.
The Nakusp and Area Community Foundation is accepting applications for this endeavour. For more information and to apply please visit http://www.communitydounations.ca/cfc150
Jail & Bail will be at the PALS Christmas Faire on Nov. 26th from 10am to 11:30am come out and support your community and your foundation.
Our silent auction ends on Oct. 29th at the Kootenay Savings Credit Union. Please drop by and put in a bid.
Over the last eight years the Nakusp and Area Community Foundation (NACF) has distributed nearly $65,000 to local projects – from the food bank, drama school, playground equipment, help for pets, library programs, ski hill, wellness program, to the arts council, the golf club, soccer school, historical society, to fire department training, parkour, and a school milk program.
A community foundation is a pool of money — endowments — carefully invested to produce funds for community projects.
Investment income is distributed as grants to local, charitable organizations. The capital pool is never touched and provides a perpetual source of income that can be used to meet needs in our communities. Once a foundation is established, it continuously generates revenue even if no new donations are received.
In 2003, the Nakusp & Area Development Board provided initial funding of $10,000 which was invested with the Vancouver Foundation and established a system whereby our fund-raising would be matched by the Vancouver group and the Columbia Basin Trust.
In 2005, and again in 2006, the NACF raised $25,000 each year in order to receive matching funds ($50,000 each from the Vancouver Foundation and the CBT) to bring our endowment fund at that point to $160,000, reaching our original goal.
Two businesses have become special partners. The first, Canadian Mountain Holidays made a contribution to be used specifically for environmental projects. In 2009, the Kootenay Savings Credit Union set up a $67,500 fund within the Nakusp & Area Community Foundation for future community projects.
In 2010 NACF was pleased to announce the establishment of the John and Peggy Grigg Endowment Fund with a $10,000 donation from the Halcyon Home Foundation. The fund has been established specifically for projects for seniors.
In these changing times, it is vital for our community to have a self-sustaining funding source. You can support your community by donating to the Nakusp & Area Community Foundation.
The Nakusp & Area Community Foundation is committed to working with other agencies, foundations and organizations.