4512 – 46 St, Olds, Alberta Canada T4H 1R5
FOR IMMEDIATE RELEASE
Date: January 26, 2016
FIRST GRANT CHEQUES FROM LEGACY FUND PRESENTED TO COMMUNITY GROUPS IN OLDS
Two local community nonprofits are the first to benefit from investment pool
(OLDS, Alberta – January 19, 2016) The first grant cheques from the Olds Institute Community Legacy Fund were presented to two community groups at a ceremony at the Mountain View Museum and Archives in Olds on January 19, 2016. The Olds & District Hospice Society and the Olds Historical Society received cheques of $348.23 each for their community projects. The Olds Historical Society will use the grant funds to paint the entryway and gallery in the Mountain View Museum building, creating a positive image of the museum. The Olds & District Hospice Society’s grant will be used to help the society operate its palliative care suites and fulfill their mandate to help people live as well as possible until they pass away. Grants were made when this was the Olds and Community Foundation but these are the first from the revamped and revived Olds Institute Community Legacy Fund.
“The specific objectives of this program are to be part of a long term project to redefine the interior of the Museum”, according to the grant request from the Olds Historical Society. “The grant money provided will launch the beginning of an endeavour to make the Museum a culture hub. We hope to attract clubs and groups to meet within its walls and to host workshops and receptions.”
According to the Hospice Society’s grant request, “This funding, if received, would be directed to support the operation of the suites. The suites are the most recent addition to the pillars of support offered as an option to the community allowing families to journey together at end of life in a home-like setting.These (palliative care) suites are offered free of charge.”
The Community Legacy Fund was created out of the Olds Endowment Fund, in partnership with the Red Deer Foundation. This partnership allows for the Red Deer Foundation to manage the administration of the fund, while the Community Lifestyles Committee of the Olds Institute focuses on supporting social development projects. It is an investment pool composed of funds that have been donated by both individuals and organizations. As a registered charity, donations received by the fund will be permanently invested and each year certain amounts are withdrawn according to the spending policy to fund worthy community projects. Its purpose is to grow until it is large enough to generate interest that can be distributed to charitable organizations and projects. The magic of the Community Legacy Fund is that it brings benefits not just for this generation, but also for future generations.
The Olds Institute was formed in 2001 by community leaders who realized they could achieve more together than they could apart. It is governed by a volunteer board of directors representing their four founding members and includes members of the community at large.
|Olds Institute4512 – 46 St, Olds, Alberta Canada T4H 1R5Phone: 403 586-4000Fax: 403 556-6537E-Mail: firstname.lastname@example.orgWebsite: www.OldsInstitute.com||Mitch Thomson,Executive Director of Olds InstitutePhone: 403 586-4000E-Mail: email@example.com
|Community Lifestyles Committee4512-46 Street Olds, AB T4H 1R5phone: 403-507-4849email: firstname.lastname@example.org
|Olds Historical Society5038 50th Street, Olds, Albertaphone: 403-556-8464
Olds and District Hospice Society
4920-50 Avenue, Olds, Alberta