10 amazing local organizations accepted the challenge of selling their community project in 60 seconds in the inaugural Pick a Pitch Competition on Philanthropy Day, November 15. We had poetry, drums a drummin', bizarre costumes and passionate pleas, advocating for important social causes, the arts and sports. And at evening's end, Helping Hands of Terrace received the gate revenues of $2155!! Thank you to all who pitched, attended, volunteered, donated $ and provided door prizes.What we doThe Terrace Community Foundation is an apolitical, philanthropic organization whose purpose is to raise funds and bring donors to the table to build a resilient, resourceful, caring community.
In turn, we provide grants to community groups and organizations that cover a broad spectrum of needs that include (but are not limited to) recreation, health, the arts, the environment, education etc. We offer a variety of possibilities that allow donors to target specific or broad areas of interest. Endowment funds will provide support in perpetuity so that your investment today will still be providing benefits years into the future. All donations will receive a tax receipt. All monies will remain in our community to benefit our community. We work with the Prince George Community Foundation for the investment of our funds and to share in their expertise. Formation of our FoundationOn April 13, 2011 the City of Terrace formed the Terrace Community Foundation, a corporation without share capital under the Canada Corporations Act. The Terrace Community Foundation is governed by a board of directors. The Terrace Community Foundation has an endowment fund agreement with the Prince George Foundation who manages and distributes grants and charitable receipts as directed.
The Terrace Community Foundation created our endowment fund with funds from the Northern Development Initiative Trust Community Foundations Matching Grants program. This program provides municipalities or regional districts with up to $50,000 from a Regional Development account in matched funding to assist with the establishment of a dedicated endowment within a registered community foundation. Every dollar raised within the community is matched up to a total of $50,000. The City of Terrace provided $50,000 giving us a $100,000 endowment fund. To-date our endowment fund has grown to just over $565,000.00! We provide grants from the interest earned on this base amount. |
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FOUNDING SPONSORS
BC Hydro Chances Terrace City of Terrace Northern Development Initiative Trust LNG Canada Terrace Community Forest TransCanada Pipelines SILVER LEGACY SPONSORS Henry & Rose Dreger BRONZE LEGACY DONORS Seabridge Gold FOUNDATION BUILDERS Carol Schmidt Andrew Webber Tony Walker 
3100 Kalum St. Terrace, BC V8G 4L1
TerraceCommunityFoundation@gmail.com Learn more about Community Foundations: www.cfc-fcc.ca | ||||
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