Five groups receive first grants from foundation

The Terrace Community Foundation spent four years waiting for interest to build on the endowment fund

  • Mon Jun 15th, 2015 2:00pm
  • News

The Terrace Community Foundation announced the first recipients of grant funds this morning, June 15.

Recipients are the Terrace Salmonoid Enhancement Society, Kimmunity Angels, Terrace Peaks Gymnastics Club, Helping Hands and Terrace Downtown Improvement Area.

“While all of the applications we received were certainly worthwhile causes,” says Joyce Gibson, vice-chair, “we are accountable to ensure our gifting remains in line with our mandates and eligibility requirements.”

After four years of waiting for interest to build on the endowment fund, which has been set up to create an ongoing source of revenue for grants, this first cycle is a significant milestone.

In early May, the foundation began to solicit applications from local non-profit organizations for its first grant cycle.

A special Gifting Committee of non-members was formed to review the applications and make recommendations to the foundation board.

Considerable thought was taken to provide grants to a variety of different projects that enhance recreation, health, environment, education – just some of the key efforts the foundation supports.

The foundation is working to establish a long-term presence in the community and will be looking to host fundraising events in future to continue to build the endowment fund and support the work of the foundation.

To learn more about the Foundation or learn more about helping to build the endowment fund, please visit the website at TerraceCommunityFoundation.com.

The Terrace Community Foundation is a philanthropic organization whose purpose is to raise funds and bring donors to the table to build a resilient, resourceful, caring community.

In turn, it provides grants to community groups and organizations that cover a broad spectrum of needs that include (but are not limited to) recreation, health, the arts, the environment, education.