The Barrie Community Foundation seeks to raise more than $4 million in endowment funds over the next six years, enabling it to make grants of more than $200,000 a year
The Barrie Community Foundation, the city’s ‘charity for charities,’ is holding its first annual celebration and disbursement of grants, Tuesday, April 26, 11:30 a.m. at the Barrie Public Library.
The foundation builds and manages endowment funds to support charitable activities in Barrie and area. It is the 150th of 178 community foundations in Canada.
According to information on the foundation’s website, it “pools the charitable gifts of many donors to create permanent, income earning endowment funds – a nest egg that will always be there to benefit the communities,” and uses the income earned by invested funds to give grants to a wide range of community groups; the original investment is left to grow over time.
“The earnings are used for particular charitable programs that the donor chooses to support; i.e. seniors, youth, low-income, recreation, health, environment, art, and music. Donors can choose to support many local initiatives or designate to their favourite cause. The funds that are raised in the community support Barrie and its surrounding area.”
The foundation seeks to raise more than $4 million in endowment funds over the next six years, enabling it to make grants of more than $200,000 a year. For more information, contact Lorraine Maher, Grove Park Home, at 705-792-7404.