Regional district donates up to $10,000 to local Burns Lake fund

Community foundation will be taking applications for funding in the new year.

The Regional District of Bulkley Nechako (RDBN)

The Burns Lake and District Community Foundation has been operating since 2006 and offered its first grant in 2008.  It is an endowment fund the supports local education, arts, culture and community applications.  It was established under the guidance of the Prince George Community Foundation.

Operating under the umbrella of the Prince George organization allows the local foundation to concentrate on raising both funds and the profile of the foundation.  Not only does the Prince George foundation provide annual accounting, reporting and investment management, but by pooling their resources with the larger fund in Prince George the local foundation is able to get a better rate of return on its investment.

“Prince George graciously offered to assist us with the annual reporting and investment of funds,” said Bernice Magee, a director with the Burns Lake and District Community Foundation.  “The rate of return has been around seven per cent, which is very good given the current economy.”

As an endowment, or legacy fund the foundation only disburses the interest earned on its previous years investments.  The principal amount of the fund is never touched or diminished.  Even the cost of managing the fund is taken from the interest earned.

“We initially started with $25,000 from the community forest and that was matched by the Vancouver Community Foundation,” said Magee, “and then the Northern Development Initiative kicked in another $25,000.  That really got us going.”

Most recently the foundation received a $500,000 donation to the Dick Nourse legacy fund.

The Minerals North 2012 conference in Burns Lake this past summer was profitable and so the Burns Lake Community Foundation will receive over $8,000 directly.  Bill Miller, director for electoral area B announced that, “The region will match up to $10,000 of the money coming from the minerals north event.”

Although these donations do not contribute to this year’s grants (the new money needs to first collect interest for a year), Magee is happy to report that, “We’ll have between four and five thousand dollars, plus another $1,500 from another fund, to disburse this year.”

“We’ll start taking applications for this money in February or March of 2013,” said Magee.  “Last year we had 15 applicants and eight fell within the guidelines.”

Most received funding.  “Even those that we didn’t give funding to last year,” said Miller, “we were able to direct to other [organizations] that where able to provide funding.”

Applications are available at the Village of Burns Lake office.  “It’s not an intimidating process,” says Magee.  “We are very relaxed about the whole thing.  Other funds are intimidating in terms of the application process.  This fund cuts through all of that, and you don’t need to have matching funds in order to get money from this fund.  In fact, organizations can use donations from this fund to serve as [the basis] for matching funds for other grant applications.”

The best way for the community to support this fund, which exists exclusively to support local use, is to make a donation.  There are a number of ways to donate, from simple tax-deductible donations to the general fund to more structured and specific  ‘named funds’.

Named funds are separate funds within the foundation with specific parameters for their disbursement.  “You could associate your fund with whatever you want, forestry, sports, and so on.  For example, the Paul-Jean Scholarship is awarded every year to a high school student going into a forestry program.”

“Charity begins at home,” said Miller.  “What you put into your community comes back to you and your kids, family and friends.  This fund brings the community to the decision process.”

The community foundation is run by a nine member board of directors.

For more information stop in at the village office and pick up a brochure.


Just Posted

Nisga’a leader named UNBC chancellor

Dr. Joseph Arthur Gosnell is the first Indigenous leader to assume the role

Waking up from winter nap

A black bear roams through the grass, west of Burns Lake. As… Continue reading

Go fly a kite

Cheyenne and her mother Leah play with their kite at the Lakes… Continue reading

More med school graduates land residencies in 2019

More medical school graduates in British Columbia were matched with residency placements… Continue reading

Charges dropped against anti-pipeline protesters

Criminal contempt charges against 14 people who were arrested at an anti-pipeline… Continue reading

VIDEO: Killer whales hunt for seals in Vancouver harbour

Bigg’s killer whales feed on marine mammals like seals, sea lions, dolphins and even other whales

VIDEO: B.C.’s waving granny gets incredible send-off from school kids

Tinney Davidson has been waving at students on their way to school for over 11 years, but is moving in a month

Struggling B.C. adoption agency elects new board that intends to keep it open

The previous board announced that Choices would close May 31

Vancouver man, 19, charged in human trafficking case involving teen girl

The 16-year-old girl was reported missing and later discovered in Vancouver

Blaine, Wash. inn owner, charged with smuggling people into B.C., granted bail

Robert Joseph Boule ordered to turn away anyone indicating a plan to enter Canada illegally

RCMP arrest B.C. man following threatening Vaisakhi Facebook post

Post made reference to pressure cooker bomb at massive Surrey parade

Another illegal dump of 200 Dungeness crab discovered in northern B.C.

DFO confident new site related to larger April 2 dump

Northern B.C. high school student reaches 100,000 followers on YouTube

Voice actor, animator, Jericho Fortune has more than 30-million views on his channel GTAGAMER222

Most Read