Charities up for Victoria Foundation Challenge

Foundation's first-ever 75-Hour Challenge runs from Nov. 15 to 18

If you’re having a hard time deciding what Christmas gift you want to buy for somebody who actually doesn’t need anymore stuff, give the Victoria Foundation 75-hour Challenge a thought.

It lets you donate cash or publicly traded securities into the endowment fund of your favorite participating charity – in your own name or the name you choose, making it a gift that lasts forever and, unlike most presents, is never forgotten.

The foundation, which manages $183 million in assets for 73 registered charities, has selected 15 organizations that have existing endowments of less than $75,000, for its 75-hour Challenge to raise money for them, from 9 a.m. Nov. 15 to noon Nov. 18.

Canada’s second oldest community foundation and the sixth largest in the nation, the foundation hopes more than $75,000 will be raised during the 75-hour period. It has set aside a matching $75,000 that will be pro-rated based on the total dollar value donated on behalf of each of the charities.

The gifts can be made online through the Victoria Foundation’s portal at CanadaHelps or made directly to the foundation by credit car or cheque as long as it is received during the challenge period.

The challenge participants are: Family Caregivers Network, Horticulture Centre of the Pacific, KidSport Greater Victoria, Pacific Centre Family Services Association, Pacific Salmon Foundation, Rocky Point Bird Observatory, Saanich Volunteer Services Society, Salt Spring Island Conservancy, Together Against Poverty Society, Victoria Cool Aid Society, Victoria Dance Works, Victoria Film Festival, Victoria READ Society,  Victoria Women’s Sexual Assault Centre and the Victoria Women’s Transition House.

Victoria Foundation endowment funds provide charities find a source of financial stability by charging a low administration fee of 0.75 per cent annually to cover the operations – far less than what many charitable organizations set aside for administrative costs.

Due to the size of the foundation’s holdings, investment management fees are also significantly lower – currently .33 percent – than what an individual or organization would typically pay for these types of services.

Go to www.victoriafoundation.bc.ca for more information on the 75-hour Challenge.

 

Just Posted

Greater Victoria developer rushes to demolish historic wall before Oak Bay applies heritage permit

Abstract Development punches holes in one of Oak Bay’s oldest stone walls

School district launches survey for George Jay Elementary name change

The Greater Victoria School District wants to take public cues before decisions are made

$775-million wastewater project on track to be completed on time, within new budget

Esquimalt Mayor Barb Desjardins praises public education aspect of project

Downtown Victoria Green Party office faces break-in

Racelle Kooy’s office saw thousands of dollars worth of equipment stolen

Regional naturalists cook up four spook-tacular forest events

CRD’s kid-friendly events feature Halloween activites, costume contest, guided walks

YouTube video of Revelstoke grizzly bear goes viral

Why did the grizzly bear cross the railway tracks?

POLL: Do you think the day of the federal election should be a statutory holiday?

Increasing voter turnout has long been a goal of officials across the… Continue reading

Green Party leader Elizabeth May rolls through Vancouver Island to boost a party stronghold

Mocks media, evokes Martin Luther King, Nelson Mandela and promises change

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

RCMP members search shore along Stories Beach near Campbell River

Ground search not thought to be related to Oct. 16 homicide: RCMP

WATCH: Greater Victoria’s top stories of the day

A round-up of the day’s top stories

ELECTION 2019: Have Justin Trudeau’s Liberals really cut middle-class taxes?

Conservative Andrew Scheer vows to cut bottom bracket, NDP’s Jagmeet Singh targets wealth tax

Woman charged with numerous drug offenses stemming from a raid earlier this year at Island property

Police make arrest on an outstanding warrant dating back to January

B.C. RCMP officer suing the force for malicious prosecution

Cpl. Tammy Hollingsworth cleared of wrongdoing after misconduct hearing

Most Read