Endow Manitoba’s 24-Hour Giving Challenge is on Sat. Nov. 19.
According to Endow Manitoba’s website, "any gifts made to a Manitoba community foundation on Nov. 19 will be stretched; for every $5 donated, The Winnipeg Foundation will add $1, up to a maximum of $2,000 per foundation." More information can be found at http://www.endowmanitoba.ca/
This exciting news was announced by Headingley Community Foundation (HCF) board member Mitch Zajac at the inaugural dinner held Oct. 20 at The Gates on Roblin Boulevard. The HCF was established in 2015 to support charitable works in the Headingley community.
Contributions are invested in this endowment fund. As the fund grows, some of its income is allocated back to the community. These projects can be determined by the board or specifically earmarked by the donor.
Currently the HCF has several endowment funds already setup. There is the Headingley Library Fund established by Deborah Thorlakson, Wilfred Taillieu Memorial Fund, and the Lorne Christianson Memorial Fund which is earmarked for a future personal care home in Headingley.
While the capital invested in an endowment fund remains untouched, the income or growth on that money gets paid out as grants for special projects. president Georgia Taillieu announced the disbursement of the first grant at the annual general meeting held on Oct. 3.
The recipient of this grant was Bright Beginnings Daycare. The daycare received $1,800 for its pergola being built over the sandbox to provide shade for the children.
Taillieu is pleased with the foundation’s first year success and told me "that I am most proud of being able to give out our very first grant, be it ever so humble."
According to the foundation’s website, www.headingleyfoundation.ca, it has already raised 18 per cent of its target of $1 million, which is impressive for its first year of operation.
In Canada, charitable contributions need to be made by the end of the calendar year, Dec. 31, if you wish the accompanying tax credit for that current tax year. HCF is a registered charity. This means that if you are in a position to make a contribution during the 24-Hour Giving Challenge on Nov. 19 you will not only support the foundation and your community but could also benefit from a tax credit. You may wish to contact your investment professional or accountant to find out more about this.
You could also email the HCF at firstname.lastname@example.org or call them at :204-889-3132 ext. 2.
Valerie Chatain-White is a community correspondent for Headingley. You can contact her at email@example.com