In 2010, when Valley First and Envision Financial merged as First West Credit Union, the Valley First board of directors gifted $1 million to the First West Foundation to start the Valley First Community Endowment. The Credit Union is continuing to grow this endowment by donating a portion of its profits annually and the endowment now holds just over $2 million.
Members are also welcomed to support the Valley First Community Endowment through donations. All gifts above $10 are eligible for a charitable tax receipt and because the Credit Union supports the administrative needs of the Foundation, 100% of donations go toward building the endowment for greater community support.
Grants from this endowment are in support of creating resilient and resourceful communities, with a particular emphasis on hunger and food security projects. To date, $324,686 has been distributed to charities since 2011 from this fund.
In addition to the Valley First Community Endowment, the First West Foundation also manages a number of other endowment funds including:
- Enderby & District Financial Community Endowment
- Envision Financial Community Endowment
- Island Savings Community Endowment
- Envision-Region Employees' Endowment
- Peter Podovinikoff Scholarship Endowment
- Frank Jamieson Memorial Endowment
- Gord and Enrica Huston Endowment
- Ben H. Voth Legacy Endowment
- Sally O’Sullivan Legacy Endowment
- Haukeland Family Legacy Endowment
- Peter Bell Legacy Endowment
- Rod Dewar Legacy Endowment
- SOS Children's Village Agency Fund
For more information on the First West Foundation, please visit firstwestfoundation.ca.
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