Editorial: Jaw-dropping community success

It’s been just over two years since long-time Canal Flats resident left a huge amount of money to the Columbia Valley Community Foundation

It’s been just over two years since the valley community learned that a long-time Canal Flats resident had left a huge amount of money to the Columbia Valley Community Foundation with the intention of helping individuals who require financial assistance to further their education and careers. Mr. Ellis had set up the Arnold Ellis Scholarship Fund with an initial donation in 2004, then after he passed away in January 2012, upon receipt of his estate assets, the fund exceeded $2 million.

It was an extraordinaory announcement.

The community foundation ensures the gift amounts are kept intact, generating income from the interest that accrues, which is then distributed to community projects, organizations and individuals throughout the year on an application basis.

At the time of the Ellis announcement, the foundation told The Valley Echo it had endowment funds totalling $800,000 that could generate about $20,000 in a good year, and that Mr. Ellis’ donation would increase their giving capacity by about $50,000 a year.

Since that time, two new endowment funds have been added and the foundation’s endowment assets are now upwards of $3 million.

This translates into a lot of giving back to the community.

Reading through the list of community groups that received a combined total of $32,000 in 2014, one is struck by the incredible reach the Columbia Valley Community Foundation is now able to have, with a paid  employee and physical office space to boot —  objectives from 2012 which the foundation has now achieved.  From environmental education to trail building to animal welfare to music, community gardening and local history, the community foundation has got it covered. Furthermore, last year local students collected $64,000 to help them achieve their dreams.

What remarkable work thanks to those generous donors whose charitable gifts make it all possible — gifts that truly keep on giving  in perpetuity.

Just Posted

The end of an Echo

Invermere Valley Echo shuts down operations in Columbia Valley

Creating a new narrative for Canal Flats

Economic development consultant hired, lists vision for next 90 days

UPDATE: Crews battle as wildfires rage in B.C. Interior

Crews brace for another day on B.C. firelines as no let up is likely

VIDEO: B.C. wildfires by the numbers

Wildfires continue to engulf regions of B.C.’s forests and communities.

VIDEO: More than 180 wildfires burning across B.C.

Firefighters from other provinces called in to assist

DTSS Grad March 2017

DTSS Grad March 2017

59 cats seized in Chase

59 neglected and injured cats were seized from a property in Chase

Soundgarden singer Chris Cornell dead at age 52

The singer/songwriter passed away early Thursday morning in Detroit

Paying tribute to a primeval passage

Uninterrupted celebrates the Adams River sockeye run in an extraordinary way.

UPDATE: Pemberton Music Festival cancelled, no automatic refunds

In the past, the music festival located in Pemberton drew large crowds last year of 180,000 fans

Medical wait times cost B.C. patients $2,300 each

New Fraser Institute report places B.C. at second worst in costs associated with long wait times

UPDATE: 22 killed at Ariana Grande concert

Witnesses reported hearing two loud bangs coming from near the arena’s bars at about 10:35 p.m.

One in three Canadian high school students have rode with drinking drivers, study reveals

Nearly one in five rode with a driver who’d been smoking pot

Top court to hear federal government’s appeal on residential school records

A lower court judge ruled to destroy the stories after 15 years unless consent is given to preserve

Most Read