Arrow Lakes News, December 1, 2009
The Kootenay Savings Community Foundation has set up a $67,500 fund within the Nakusp & Area Community Foundation for future community projects.
The Nakusp foundation currently holds its funds and gives the interest away via grants. Director on the foundation board and Nakusp Mayor Karen Hamling says they have been giving out $8,000 annually and this boost should increase them to the $10,000 mark.
“To me, it’s wonderful for the community,” says Hamling. The Summit Lake Ski Hill and the NSS soup program are just two of the recipients of the foundation’s money. Hamling says the money is available to community projects involved in education, health, the arts and social and environmental issues. She says funding is available via request and after an application process.
Kootenay Savings community relations co-ordinator Aron Burke says $3,375 of the fund will be available in 2010 while the remaining 95 per cent of the fund will be held in perpetuity.
Burke says New Denver is also a community which will be receiving money. They do not have a community foundation in place, he says, so Kootenay Savings is setting aside $39,600 for them.
Across the Kootenay region, Kootenay Savings invested $1 million. Community foundations which cover the Invermere, Radium, Kaslo, Kimberely, Greater Trail and Nakusp areas received contributions. Kootenay Savings is keeping funds within its Foundation for the communities of Castlegar, Salmo, South Slocan and New Denver.
John & Peggy Grigg Fund 2010
Halcyon Home Foundation wound down its foundation in October of 2010. The Nakusp and Area Community Foundation were recipients of $10,000 for a designated fund in honour of John & Peggy Grigg for senior’s projects. John Grigg left his estate to Halcyon Home Foundation for the excellent care given to him and his late wife Peggy. It is an honour, for the Nakusp and Area Community Foundation to be a recipient of this funding and we appreciate the trust shown to us by this donation.
Canadian Mountain Holidays, Environmental Fund, 2005