NEWS RELEASE: THE OLDS INSTITUTE SUPPORTS A “SAVINGS ACCOUNT FOR THE COMMUNITY” February 2015

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4512 – 46 St,
Olds, Alberta Canada
T4H 1R5
www.oldsinstitute.com

NEWS RELEASE

 

FOR IMMEDIATE RELEASE
Date: February 19, 2015

 

The Olds Institute supports a “savings account for the community”

Community Legacy Fund receives cheque to kick start local promotion

 

(OLDS, Alberta – February 11, 2015) At a breakfast kick-starting the local promotion of the Olds Institute Community Legacy Fund, Olds Institute Board Chairman Dan Daley, presented a cheque valued at $1,500.00 to Bernice Lynn and Rita Thompson, co-chairs of the Community Lifestyles Committee. 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. The Community Legacy Fund is an investment pool composed of funds that have been donated by individuals and organizations. The Red Deer Foundation manages the administration of the fund, while the Community Lifestyles Committee of the Olds Institute distributes grants to local social development projects.

“We are presenting this cheque this morning in our appreciation of all the hard work that our volunteers have done through-out the community for the last ten years”, said Daley as he presented the cheque.

The event was held in the Faculty Centre at Olds College and included a presentation by Kristine Bugayong, Chief Executive Officer of the Red Deer & District Community Foundation. Financial and investment professionals from the community including lawyers, bankers and accountants were invited to this first local promotion of the fund. A public event inviting members of the community is expected to be held later in the spring of the year.

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 through grants to local community groups.

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 board of directors representing their four founding members and members of the community at large.

 

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Contact information:

Olds Institute
4512 – 46 St, Olds,
Alberta Canada T4H 1R5
Phone: (403) 586-4000
Fax: (403) 556-6537
E-Mail: office@oldsinstitute.com
Website: www.OldsInstitute.com
Mitch Thompson,
Executive Director of Olds Institute
Phone: (403) 586-4000
eMail: mthomson@oldsinstitute.com
Olds Institute Community Legacy Fund
Community Lifestyles Committee
4512-46 Street  Olds, AB T4H 1R5
phone: (403) 507-4849
email: info@oldsinstitute.com
website: www.oldslegacyfund.com
 
Red Deer & District Community Foundation
Suite 203, 4805-48 Street Red Deer, AB T4N 1S6
phone: (403) 341-6911
email: info@rddcf.ca
website: www.rddcf.ca 
Photos and video available upon request.
Contact Olds Institute at:
Phone: (403) 586-4000
E-Mail: office@oldsinstitute.com or communications@oldsinstitute.com
 
 

 

Photo:

dan daley presnts 1500 check to legacy-fund-2-11-2015-caption 

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