The Quesnel Community Foundation’s annual $50,000 challenge was once again a huge success !
President Graeme Armstrong says they reached their goal and then some.
“Through the challenge we raised about 80 thousand dollars from regular donations in the community. Then matched with the other 50 thousand dollars that our anonymous donor has generously offered so that brings it up to 130 thousand. And with the addition that the Lhtako/Quesnel BC Winter Games provided we’re probably going to be close to 300 thousand dollars by the end of the year.”
Armstrong says that means that the endowment fund will be between 5 1/2 and 6 million dollars by the end of the year.
It is the earnings from that that goes back into the community in the form of grants and bursaries.
“We’re moving into the grant cycle. We’ll be starting to accept applications for the grants and then later on in the spring, scholarships and bursaries will be dispersed, probably over 200 thousand dollars this year.”
The Quesnel Community Foundation started out with an endowment fund of $50,000 back in the year 2000 when the City hosted the BC Winter Games.
Something going on in the Cariboo you think people should know about?
Send us a news tip by emailing [email protected].
