Vancouver Foundation

Vancouver Foundation
Founded incorporated 1943 (established by act of the Provincial legislature, 1950)
Focus Community foundation
Location
Area served
British Columbia
Key people
 Board Chair, Jason McLean; President & CEO, Kevin McCort
Endowment Can$985 million
Employees
50
Slogan Mission Statement: to harness the gifts of energy, ideas, time, and money to make meaningful and lasting impacts in communities.

The Vancouver Foundation is an organization based in Vancouver, British Columbia. It administers over 1,600 funds and assets totalling $930 million, on behalf of individuals, families, corporations and charities.

History

Vancouver Foundation was founded in 1943[1] by Alice MacKay. MacKay had saved $1,000 from her secretarial job and wanted to help homeless women trapped in a cycle of poverty.

Whitford Julian VanDusen oversaw the establishment and incorporation of Vancouver Foundation. VanDusen added $10,000 to the endowment and encouraged nine friends to match his own gift. In 1950, the Foundation was incorporated by the Legislature of British Columbia in a Special Act.[2]

Activities

Vancouver Foundation, in partnership with its donors, has distributed more than $1 billion to community projects and programs.[1] In 2014, Vancouver Foundation and its donors made more than 4,900 grants, and distributions totalling approximately $57 million, to registered charities across Canada.

About 70 percent of grant amounts are received within the Lower Mainland region with the remainder in other parts of the province of British Columbia.[3]

Grant recipients range from social services to medical research groups, to organizations devoted to arts and culture, the environment, education, children and families, youth, and animal welfare.[4]

By 2017, the foundation's grant recipients will be required to release their work under Creative Commons licence, which permits anyone to use the product freely without copyright limitations.[3]

References

  1. 1 2 "Don Cayo: Vancouver Foundation endows $1 million a week, in amounts as small as $100". Vancouver Sun. Retrieved 2016-03-28.
  2. ↑ "Vancouver Foundation Act". bclaws.ca.
  3. 1 2 Hager, Mike (2015-05-18). "Vancouver Foundation to make its research available for free". Globe and Mail. Retrieved 2016-01-06.
  4. ↑ Vancouver Foundation | Recognition
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