Vancouver Foundation
Foundedincorporated 1943 (established by act of the Provincial legislature, 1950)
FocusCommunity foundation
HeadquartersVancouver, BC
Location
Area served
British Columbia
Key people
President & CEO, Kevin McCort
EndowmentCan$1.5 billion
Websitehttps://www.vancouverfoundation.ca/

The Vancouver Foundation is a not-for-profit organization based in Vancouver, British Columbia. and one of largest of the 201 community foundations in Canada. The Mission Statement is ''to harness the gifts of energy, ideas, time, and money to make meaningful and lasting impacts in communities.''  Vision is to create healthy, vibrant, and livable communities. Focus is on supporting projects that address the root causes of important issues. The Vancouver Foundation administers over 1,800 funds and assets totalling over $1.5 billion, on behalf of individuals, families, corporations and charities.

History

Vancouver Foundation was founded in 1943[1] by Alice MacKay who had saved $1,000 from her secretarial job and wanted to help homeless women trapped in a cycle of poverty.[2]

Inspired by Alice, lumberman and philanthropist Whitford Julian VanDusen oversaw the establishment and incorporation of Vancouver Foundation. VanDusen added $10,000 to the endowment and encouraged nine friends to match his own gift for a total initial fund of $101,000. In 1950, the Foundation was incorporated by the Legislature of British Columbia in a Special Act.[3]

Activities

While it's named after Vancouver, the mandate of the organization is broader, with about 70 percent of grant amounts received within the Lower Mainland region with the remainder in other parts of the province of British Columbia.[4] Grant recipients range from social services to medical research groups, to organizations devoted to arts and culture, the environment, education, children and families, youth, and animal welfare.[5]

By 2015, the Vancouver Foundation, in partnership with its donors, has distributed more than $1 billion to community projects and programs.[1]

By 2017, the foundation's grant recipients will be required to release their work under Creative Commons licence, which permits anyone to use the product freely without copyright limitations.[4]

References

  1. 1 2 "Don Cayo: Vancouver Foundation endows $1 million a week, in amounts as small as $100". Vancouver Sun. Retrieved 2016-03-28.
  2. ↑ Canning, Laura. "Our History". Vancouver Foundation. Retrieved 2023-09-03.
  3. ↑ "Vancouver Foundation Act". bclaws.ca.
  4. 1 2 Hager, Mike (2015-05-18). "Vancouver Foundation to make its research available for free". Globe and Mail. Retrieved 2016-01-06.
  5. ↑ Vancouver Foundation | Recognition
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