A regional charitable organization that this past year gave away more than $700,000 will reveal where its money comes from and, most importantly, who benefits, in the next issue of Lethbridge living.
“Giving Together,” the Community Foundation of Lethbridge and Southwestern Alberta’s annual report, will be published in the March/April issue of Lethbridge living. Community organizations and donors from Claresholm, Coaldale, the Crowsnest Pass, Fort Macleod, Lethbridge, Pincher Creek and Vulcan County are profiled.
A web-friendly version of the publication can be found on the Community Foundation website: http://www.cflsa.ca/stories?stories=giving-together-celebrating-50-years-of-community-service
“This year is a special one for our organization as we celebrate 50 years of service to southwestern Alberta,” said Dennis Hatt, the Community Foundation’s President. “Through this publication and other online materials, we hope that people can gain a better understanding of what the Foundation does, each day, to help make life in our community better for its residents.”
Hatt said the Community Foundation’s volunteer board started with just $297 in 1966 (about $2,000 in 2015 dollars) and has turned that modest sum into a stable $25 million investment portfolio.
The income generated from the portfolio allows the organization to, in turn, re-invest in the community. Over the past 50 years, more than $9 million has been distributed to hundreds of community organizations.
“Last fiscal year, for example, we were able to distribute $723,127 to 110 organizations throughout southwestern Alberta,” Hatt said. “Even with the changing nature of the financial world, our ability to help continues to grow at a measured rate, so we are well positioned for the next 50 years.”
A brief financial overview can be found here: http://www.cflsa.ca/stories?stories=the-foundation-at-50-stable-investment-for-the-future
The Community Foundation of Lethbridge and Southwestern Alberta was one of the first 10 community foundations established in Canada.
It is a registered charitable organization governed by a 15-member volunteer board. Funds are distributed twice yearly to charities based on an application and assessment process. To learn how to apply, please visit www.cflsa.ca or call 403-328-5297.
Donations to the Community Foundation can be customized to suit an individual’s interest or to serve an organization’s greatest need.
The Community Foundation also manages specific funds on behalf of charities, and works closely with investment advisors and the legal community to ensure the most recent information is available to potential donors.