Charities up for Victoria Foundation Challenge

Foundation's first-ever 75-Hour Challenge runs from Nov. 15 to 18

If you’re having a hard time deciding what Christmas gift you want to buy for somebody who actually doesn’t need anymore stuff, give the Victoria Foundation 75-hour Challenge a thought.

It lets you donate cash or publicly traded securities into the endowment fund of your favorite participating charity – in your own name or the name you choose, making it a gift that lasts forever and, unlike most presents, is never forgotten.

The foundation, which manages $183 million in assets for 73 registered charities, has selected 15 organizations that have existing endowments of less than $75,000, for its 75-hour Challenge to raise money for them, from 9 a.m. Nov. 15 to noon Nov. 18.

Canada’s second oldest community foundation and the sixth largest in the nation, the foundation hopes more than $75,000 will be raised during the 75-hour period. It has set aside a matching $75,000 that will be pro-rated based on the total dollar value donated on behalf of each of the charities.

The gifts can be made online through the Victoria Foundation’s portal at CanadaHelps or made directly to the foundation by credit car or cheque as long as it is received during the challenge period.

The challenge participants are: Family Caregivers Network, Horticulture Centre of the Pacific, KidSport Greater Victoria, Pacific Centre Family Services Association, Pacific Salmon Foundation, Rocky Point Bird Observatory, Saanich Volunteer Services Society, Salt Spring Island Conservancy, Together Against Poverty Society, Victoria Cool Aid Society, Victoria Dance Works, Victoria Film Festival, Victoria READ Society,  Victoria Women’s Sexual Assault Centre and the Victoria Women’s Transition House.

Victoria Foundation endowment funds provide charities find a source of financial stability by charging a low administration fee of 0.75 per cent annually to cover the operations – far less than what many charitable organizations set aside for administrative costs.

Due to the size of the foundation’s holdings, investment management fees are also significantly lower – currently .33 percent – than what an individual or organization would typically pay for these types of services.

Go to www.victoriafoundation.bc.ca for more information on the 75-hour Challenge.

 

Just Posted

Greater Victoria-based digital crisis line sees spike in chats

Service allows youth to chat with volunteers through instant messaging services, text message

UVic chemist claims international prize for ‘reversible’ preservative

University of Victoria green chemist and civil engineer Heather Buckley led a… Continue reading

Impaired driver crashes into Victoria police vehicle, injures officer

Cook Street collision occured in the early morning hours of Tuesday

Get ready for the 39th annual Goodlife Fitness Victoria Marathon

Up to 9,000 particpants are anticipated for this year’s three-day race weekend

Victoria police say explicit calls continue to target women

Over 50 reports of unwanted, sexually explicit calls have come in

Average Canadian family spends 43% of income on taxes: study

Fraser Institute’s consumer report shows taxes accounting for larger chunk of income each year

Saanich mayor and council will usher in new year with a pay cut

Saanich council to wait and see what other cities do with federal changes to tax exemption

Women-owned businesses generate $68,000 less revenue than men’s: survey

When Dionne Laslo-Baker sought a bank loan to expand her burgeoning organic popsicle and freezies business in 2014, she was “shocked” by the feedback she received from one of the bankers.

Hedley frontman’s alleged sex offences case returns to court

Jacob Hoggard faces three sexual assault-related charges will return to a Toronto courtroom this morning.

Climate change likely to cause more sewage leaks, says environment minister

More than one hundred municipal wastewater systems did not report how much raw sewage overflowed from their pipes in 2017.

Priests molested 1,000 children in Pennsylvania, report says

The “real number” of abused children and abusive priests might be higher since some secret church records were lost and some victims never came forward.

Defiant as Trump rages, Omarosa says she won’t be silenced

Manigault Newman declared she will not be silenced by President Donald Trump, remaining defiant as her public feud with her former boss shifted from a war of words to a possible legal battle.

Death toll hits 39 in Italy bridge collapse; blame begins

The collapse of the Morandi Bridge sent dozens of cars and three trucks plunging as much as 45 metres (150 feet) to the ground Tuesday.

RCMP to search for body after man drowns in B.C.’s Buntzen Lake

Officers and fire crews responded but the man from the Lower Mainland is believed to have drowned.

Most Read