By Dan Walton
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.