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 Posted in    |  on July 26th, 2013  |  by

Life insurance policy gifted to foundation

By Dan Walton
Pioneer Staff

The Columbia Valley Community Foundation recently received an anonymous donation after being named as the beneficiary of a life insurance policy.

“This was a person who really believed in leaving something for their community,” Columbia Valley Community Foundation director Seona Helmer told The Pioneer. “They committed to this donation years ago when the foundation was quite young.”

The money will accumulate in the foundation’s general fund, which is a growing endowment fund, so the interest it generates is the only money that is spent.

“To the family please know we are remembering and honouring your loved one,” stated the foundation’s board of directors in a release. “These funds will have a lasting positive impact in the community and in the lives of the people who live here.”

The Columbia Valley Community Foundation has never received a donation as a life insurance beneficiary prior to this donation, but has been the recipient of bequested money in the past.

Seona reminds community members that when you invest in the foundation, you’re investing in the future for your community.

“It serves as a legacy that will act forever,” she said. “Now we’re working to prepare the money that’s going to be generated by that larger endowment.”

Instead of donating towards the general fund, sponsors can instead support a specific need in the region through the Columbia Valley Community Foundation.

If you’re a donor interested in funding the foundation, or for more information about the organization, how to donate or to apply for grants, visit their website at www.valleyfoundation.ca.

Dan Walton
Email: dan@columbiavalleypioneer.com
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Before joining The Pioneer early in 2013, Dan was employed at a Saskatchewan newspaper. While the views of the sky are an appealing feature of the Prairies, the scenery can't compare to the mountains found only in British Columbia, where Dan looks forward to hiking, biking, rock climbing and downhill skiing, and writing the occasional opinionated column, while keeping his mind open to opposing viewpoints. Any and all feedback is welcome!

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