The market value of the Revelstoke Community Foundation’s endowment has passed the $2 million point.
In its 2015 annual report, the Foundation reported that most of its growth was “the result of positive market gains” and $81,319 in donations to the endowment.
“We are actively building solid relationships with our donors and supporters to grow the endowment for the benefit of people living in Revelstoke,” the report said..
In 2014, the Foundation granted $58,167 to a wide variety of volunteer groups and awarded $20,375 in scholarships to Revelstoke students to assist with post-secondary educational costs. One new scholarship, the Jack & Florence Carten Bursary was established by the Carten Family.
The Foundation is the steward for the Success by Six and Children First funding on behalf of the Early Childhood Development Committee. And it continues to administer the Glacier Adventure Stewardship Program Fund and the Emergency Shelter Fund. The Youth Access Fund was set up in June 2014 by Community Futures Revelstoke to be administered by the Foundation to support youth participation in sports and cultural activities.
At the annual general meeting held in June 2014, a long-time supporter of the foundation, W. Earl Campbell was recognized as an honorary director. Mr. Campbell orchestrated a donation matching campaign to build the Hillcrest Campbell Award endowment fund. The fund sits at just over $60,000 that will generate two annual scholarships for RSS Students of $1,500 ea.
Administrative assistance is contributed by Community Futures Revelstoke with Debra Wozniak acting as the society’s support staff.
Please click here to view the Community Foundation’s complete annual report.
