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Community Foundation of Swan Valley

Leaving an everlasting legacy for the Swan River Valley, Manitoba, Canada

Story – December 8, 2015

Giving Back to the Community

— December 8, 2015 by Jeremy Bergen, Swan Valley Star and Times

The greatest use of a life is to spend it on something that will outlast it

– William James

The community of Swan Valley demonstrated its lasting legacy when the Community Foundation of Swan Valley (CFSV) held their 11th annual meeting and grant night on Thursday (Dec. 3) at the Westwood Inn’s banquet room. During the evening, more than $40,000 in grants were given to over 30 recipients.

“We’ve been at this for 11 years, and every year it gets a little bit bigger and a little bit better,” said CFSV Board Chair Bob Woodward. “We are quite well into our goals. We were hoping to collect $2 million in the first 10 years, and we are going to (accomplish that goal) this year.

We’re the third largest foundation in Manitoba. There are a couple outside of Winnipeg that are a little larger than ours, but they’ve been at it for approximately 25 years and we’ve been at it for only 11. This is thanks to the generosity of the Valley.” Built entirely of donations made to the foundation since its inception in 2005, approximately $2 million is collecting interest that is given back to the community in the form of grants.

Marc Provencher, partner with the BMP Chartered Accountants, presented the financial statements for the year beginning July 1, 2014 to June 30 of this year. “As of June 30, there was approximately $1.9 million in assets sitting with the Winnipeg Foundation, but in reality the Endowment Fund is sitting at just over $2 million,” he said. “In the fiscal year between July 2014 and June 2015, there were nearly $82,000 worth of donations received.”

Following the auditor’s report, the Heritage Certificates were presented, which go to this year’s inductees into the Heritage Club. The Heritage Club consists of donors who have contributed $1,000 or more to the foundation.

Jeremy Bergen
Click to enlarge

The grant recipients were then announced:

The Designated Funds were then announced and handed out with:

Lastly, Woodward explained the new Celebrate Canada 150 Club, which is a fund that donors can join if they donate a minimum of $1,000, and the club members will have their names memorialized on a plaque which will be displayed at the SVHM.