Charitable Gifts Funding The Future
2006 ~ Due to some major construction and renovations at Shilo, a one-time grant of 1.2 million dollars was granted to the Rural Municipality of North Cypress in lieu of taxes. Wisely, the RM Council allocated $500,000 to the Carberry and Area Community Foundation for long term benefits to the citizens of the Carberry area.
Doug Baron, Rural Municipality of North Cypress representative, was on hand for Carberry and Area Community Foundation's September 19th, 2006 meeting to discuss the recent $500,000 donation to the Foundation as well as some guidelines and expectations.
The Carberry and Area Community Foundation chairman, Dan McPherson, expressed appreciation to the Rural Municipality of North Cypress for their long term flexibility and support to the Foundation.
Of the $500,000 allocated $250,000 has been split into three new 10th Anniversary funds: $100,000 to the 10th Anniversary CACF Medical Assistance Fund, $100,000 to the 10th Anniversary CACF Community Education Fund and $50,000 to the 10th Anniversary CACF Youth in Philanthropy (YIP) Fund. The remaining $250,000 has been split into two existing funds: $230,000 to the Community General Fund and $20,000 to the Administrative Fund.
This generous $500,000 gift has been invested and only a portion of the income earned will be disbursed to worthy non-profit organizations that preserve and advance the quality of life in the Carberry and Area community.
Back row from left: Lloyd Grierson, CACF, Lyle Grobb, CACF, Reeve Jim Ranson, Dan McPherson, CACF, Gordon Rankmore, CACF, and Councillor Fred Jackson
Front row: Councillors Wendy Lundy, Ralph Oliver, Ron Calvert and Brad Wells