From the Victoria Foundation’s founding with a $20 donation in 1936, the organization today grants nearly $2 million dollars per month to a wide variety of local charities.

The power of $20: Grant creates a lasting legacy

Back in 1936, from within the depths of the Depression, the Victoria Foundation was established with a $20 gift by Fannie Gadsden, whose son Burges founded the organization from a soup kitchen on Pandora Avenue.

Today, that same $20 remains part of the Foundation’s capital, now more than $300 million. “Connecting people who care with causes that matter” remains as important in 2019 as it was then, allowing the Foundation to invest in people, projects and non-profit organizations that make our communities stronger – now and for the long-term.

That history also underlines the importance of donations of all sizes. While a $200-million grant to McGill University made headlines earlier this month – and the Victoria Foundation certainly benefits from some significant bequests – smaller donations work equally hard to improve this community and the lives of the people who live here.

Here’s how:

The second oldest of Canada’s 191 community foundations, the Victoria Foundation manages charitable gifts of all sizes to create permanent, income-earning funds that support hundreds of local charities each year. The funds remain with the Foundation in perpetuity, with grants distributed from the investment income.

In fact, the Foundation today grants nearly $2 million dollars per month, amounting to more than $222 million to date!

“Our donors appreciate the flexibility we offer. They choose when and how much they’d like to donate, when they’d like to start granting and where they’d like their donation to go,” explains Sandra Richardson, Victoria Foundation CEO.

1. Consider when and where you’d like to contribute.

  • Donate immediately to an existing fund, including the Vital Victoria Fund.
  • With a minimum $10,000 donation, set up a new endowment fund and begin granting immediately.
  • Set up a new endowment, but contribute funds over time until you have enough to begin granting.
  • Give later through your estate, setting up everything now to ensure your wishes will be met.

2. Choose how much – or how little – you’d like to be involved in granting. Some have a specific area or charity in mind, while others let the Foundation direct grants based on deep connections with Victoria’s non-profit community forged through the Vital Signs community check-up and annual granting.

  • Set up a Donor-Advised Fund so you can make grants to any registered Canadian charity; you can change your wishes any time.
  • Contribute to an existing Designated Fund, or create a new one so your chosen charities receive grants in perpetuity.
  • Contribute to an existing Leadership Fund, targeting such issues as food security, literacy, the environment and more.

3. Decide what and how you want to donate: A direct donation today via cash, cheque or credit card; donating publicly listed securities, eliminating the tax on capital gains; or naming the Foundation as a beneficiary of RRSPs, life insurance or your will. Regardless of how you donate, you can have a say in where your donation goes.

To learn more, visit victoriafoundation.bc.ca or call 250-381-5532.

 

In 1936, the Victoria Foundation was founded by Burges Gadsden from the Sunshine Inn soup kitchen on Pandora Avenue.

Donors appreciate the flexibility the Victoria Foundation offers, including the ability to choose when and how much they’d like to donate, when they’d like to start granting and what they’d like their donation to support, says Foundation CEO Sandra Richardson.

Comments are closed

Just Posted

Penelakut filmmaker Steve Sxwithul’txw finds success in film and TV

Cop-turned-storyteller reaches back to his past for Tribal Police Files

Choir offers a capella take on Beatles hits

Soundings will perform concerts in Oak Bay and Sidney May 24 and 25

VIDEO: Scorpion found in B.C. woman’s kitchen finds new home in Victoria

The Victoria Bug Zoo welcomed the scorpion on Saturday

B.C. getting less bang for its buck

B.C.’s CPI topped 2.7 per cent in April 2019, compared to two per cent for all of Canada

VIDEO: Horseshoe pitching association appeals to Greater Victora youngsters

Youth horseshoe pitching club offers fun for all ages, says GVHPA

Update: Mother dead, child in critical condition after carbon monoxide poisoning at Shuswap campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Canada’s parole officers say correctional system has reached breaking point

About half of Canada’s federal parole officers work inside penitentiaries and correctional institutions

Montreal researchers create audible hockey puck for visually impaired players

Three years ago, Gilles Ouellet came up with the idea for a puck that makes a continuous sound

Vancouver Island MusicFest: ‘House bands’ from the golden age of rock and R&B

Some of America’s greatest session musicians are coming to the Comox Valley this summer

Former B.C. Greyhound bus drivers head to Penticton for goodbye party

Big bash runs until Sunday, funded by drink cans left behind on busses over the years

Boy, 12, arrested after allegedly pulling a knife on another child at a Surrey park

The child was later released into his parents’ custody as Surrey RCMP continue their investigation

Full-scale search underway for missing kayaker on Okanagan Lake

Kelowna Paddle Centre member Zygmunt Janiewicz, 71, failed to return from his ‘daily kayak’ on the lake

Bucks hammer Raptors 125-103 to take 2-0 playoff series lead

Toronto heads home in a hole after second loss to Milwaukee

Most Read