By Josh Hall (Twitter: @Vancan19)

sustainable funding

Community Foundation disburses $191,000 to 47 local agencies and organizations

Oct 7, 2022 | 9:25 AM

The Red Deer & District Community Foundation disbursed $191,000 to 47 local agencies this past summer.

According to the foundation, the money is generated by the interest on designated funds, meaning that charities receive disbursement cheques each year, guaranteeing sustainable, long-term funding.

“The Community Foundation is focused on helping charities move more towards financial sustainability,” said Erin Peden, Executive Director.

“We are so proud of the fact that these endowments are making huge impact year after year by putting tens of thousands of dollars back into this community. It’s a thrill to administer these cheques each year, knowing that these disbursements are helping the Community Foundation to fulfil our mission of strengthening the quality of life in Red Deer and surrounding areas.”

Examples of disbursement recipients include the Legacy Land Trust Endowment, the foundation notes.

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This particular one distributed over $10,000 for conservation efforts, as well as the Care for Kids fund, which distributed over $15,000 to cover children, youth, and family fees in order to increase accessibility for city programs and facilities.

“Charities with designated funds are found across all areas including arts and culture, health and wellness, human services, recreation, sports, education, and environmental sectors,” a release explains. “Funds are started by agencies themselves, or by individuals looking to make an impact in a certain area, or for a specific charity. The primary benefit of these funds is that disbursements happen annually, providing a steady source of funding for the receiving agency.”

For more information, contact Erin Peden by calling 403-341-6911.

Summer 2022 recipients