Creston-Kootenay Foundation Funds

(December 31, 2017)

Community Funds

Undesignated funds used for broad community granting, with flexibility to

meet ever-changing community needs. We encourage donors to contribute to this

fund unless they have strong connections to a specific area of concern

Unrestricted Fund

$357,796

Field of Interest Funds

These funds are also used for community

granting, but are targeted at meeting needs

within the listed sectors of the community.

Healthy Living

$342,420

 

This Fund represents donations that were transferred from Pioneer Villa and Swan Valley Lodge when the Foundation was started.

Environment

$38,866

Community Sports Fund

$4,600

Youth Advisory Fund

$18,092

 

These funds were raised on behalf of students at PCCS. Income is used to provide an annual bursary for a graduating student at present.

Quality of Life for Seniors

$259,141

 

This fund was created by a bequest made by Dorothy McEachran.

Designated Funds

These local charities have established their own endowment

funds within the Community Foundation. Earnings from these funds

flow back to the designated charities.

Designated Funds

These local charities have established their own endowment

funds within the Community Foundation. Earnings from these funds

flow back to the designated charities.

Nicole Nilsson

Memorial Fund

$29,049

Creston Valley Hospital Fund

$2,153

PAWs

$13,380

Valley Community Services

$100,252

Valley Community Services 

Early Years

$71,479

Valley Community Services

Enduring

$60,744

Donor Advised Funds

Donors (or an appointed Advisor) have ongoing

involvement in how the money in these funds is used.

Kirkintilloch Fund

$313,950

This fund has been created by a donor who wishes to remain anonymous. They have stipulated that the earnings each year are to be spent on health related capital purchases within the Valley, and often partner with other charities or organizations to leverage smaller amounts into larger purchases.

Sommerfeld Memorial Fund

$36,935

 

This fund was created by the family of Sonja Sommerfeld after she died in a tragic accident. The family has stipulated that the earnings each year are to be split between the Public Health Nurses and the Ministerial Association to provide optometric care for persons who may not be able to otherwise afford it.

Romeo Juliet Fund

$281,573

 

This fund was created by a donor who wishes to remain anonymous but who wants to be able to provide financial assistance to an array of charities in the Valley who are working to improve the quality of life of citizens in general.

Scholarships

The Foundation is able to manage and administer scholarship

funds for private parties in the Valley. Tax receipts are issued for donations and in turn

the scholarships must be paid directly to the educational institutions involved.

Brandon Salviulo Memorial

Scholarship Fund

$84,523

‚Äč

Brandon was a resident of Riondel when his life was cut short by a tragic accident. It had been a goal of his to become a professional Fire Fighter, so in his honour the Salviulo family started this Scholarship Fund. The earnings are used to provide scholarships to a resident of the Kootenays who attends the Fire Fighting program at the College of the Rockies.

Monte Anderson Scholarship

$35,743

 

This fund, named for one of the Valley's most prolific musicians and music teachers, is operated by the Creston Valley Music Teacher's Assocation. It provides financial assistance to students who have studied with a local Music Teacher and are pursuing music in a post secondary institution.

December 31, 2017 total Holdings:

$2,101,941

$1,647,864(Dec 31, 2016)