Victoria, B.C., Nov. 1, 2011 – In celebration of its 75th anniversary, the Victoria Foundation will host a 75-Hour Giving Challenge this month to help 15 local charities increase their endowment funds. For 75 hours starting on National Philanthropy Day, Nov. 15, all donations made to the foundation for any of these charities will be further supported through the Victoria Foundation’s $75,000 Challenge Fund.
As part of its charitable activities, the Victoria Foundation manages 103 endowment funds for 73 registered charities, annually distributing earnings from these permanent funds to the organizations.
“These Hosted Organization Funds provide a source of funding for local charitable organizations,” said Sandra Richardson, CEO of the Victoria Foundation. “It’s a service that reduces costs and paperwork for the non-profits involved and offers long-term stability for their funds.”
To give a boost to the smallest of the funds, the 75-Hour Giving Challenge will support hosted organizations whose endowment funds were less than $75,000 as of May 31 of this year.
From 9:00 a.m. Nov. 15 to noon Nov. 18, donors are encouraged to choose from the 15 participating charities and support their favourites by making gifts to the organizations’ endowment funds. Based on how much is given to each fund during the Challenge, the foundation will also make a gift of a pro-rated amount from the $75,000 Challenge Fund.
Gifts can be made online through the Victoria Foundation’s portal at CanadaHelps. They can also be made directly to the Victoria Foundation by credit card or cheque as long as it is received during the challenge period. Publicly traded securities can also be accepted. See victoriafoundation.bc.ca for more information on the 75-Hour Giving Challenge.
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The 15 eligible organizations that are rising to the 75-Hour Giving Challenge are:
- Family Caregivers Network
- Horticulture Centre of the Pacific
- KidSport Greater Victoria
- Pacific Centre Family Services Association
- Pacific Salmon Foundation
- Rocky Point Bird Observatory
- Saanich Volunteer Services Society
- Salt Spring Island Conservancy
- Together Against Poverty Society
- Victoria Cool Aid Society
- Victoria Dance Works
- Victoria Film Festival
- Victoria READ Society
- Victoria Women's Sexual Assault Centre
- Victoria Women's Transition House
Background: The Victoria Foundation manages funds gifted either in perpetuity or for specific purposes. The funds or the earnings from them are then distributed as grants for charitable or educational purposes. Established in 1936, the Victoria Foundation is Canada’s second oldest community foundation and its sixth largest (of 180). To date it has invested more than $100 million in people, projects and non-profit organizations that strengthen the community. Read more about The Victoria Foundation’s vision and mandate.
For media information, contact:
Director of Communications, Victoria Foundation
Tel. 250.381.5532 ext. #227