“We do not wait and wonder what life would be like if opportunity presented itself. The Olds Institute empowers the community to make good things happen.”
As a non-profit community and economic development organization, The Olds Institute for Community and Regional Development is owned by the community and driven by volunteers. Also known as the Olds Institute, we leverage the resources in the community by empowering volunteers to build the innovative and entrepreneurial community that Olds has become famous for. Olds residents have opted to pitch in and support the initiatives that enhance the community and improve our quality of life.
The Olds Institute was formed in 2001 by community leaders who realized they could achieve more together than they could apart and is governed by a board of directors representing the four founding members and the community at large.
The name of the Society is the Olds Institute for Community & Regional Development. The Society was originally comprised of four Founding Members, namely the Olds College, the Olds & District Chamber of Commerce, the Olds Regional Exhibition (formerly the Olds Agricultural Society) and the Town of Olds and these organizations remain essential to the Society.
There are two categories of Members of the Society: (a) Core Members, and (b) Public Members. Membership in the Society is not transferable.
The Founding Members of the Society are the Town of Olds, the Olds & District Chamber of Commerce, Olds College and the Olds Regional Exhibition are permanently acclaimed as Core Members. For other than these Founding Members, to qualify to become a Core Member of the Society, a legally constituted organization or institution must:
(a) pay the annual membership fees as determined by the Board of Directors for Core Members;
(b) pay such special assessment as determined by the Board of Directors;
(c) be approved by a special resolution of the Board of Directors;
(d) have an interest in and be dedicated to supporting the objects, regulations and policies of the Society; and,
(e) agree to comply with any stipulations on membership required by the Board in writing.
To qualify to become a Public Member of the Society, any individual sixteen years of age or older, a legally constituted organization or institution must:
(a) pay the annual membership fees or other assessment as determined by the Board of Directors for Public Members;
(b) be approved by a resolution of the Board of Directors which may, at its sole discretion, approve, refuse or postpone an application for membership;
(c) have an interest in and be dedicated to supporting the objects, regulations and policies of the Society; and,
(d) agree to comply with any stipulations on membership required by the Board in writing.
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The Olds Institute Story