Donation of $500,000 in securities to fund new preschool building at Kerry Wood Nature Centre
In an inspiring act of generosity, a donor has made a substantial $500,000 donation of securities to fund a new preschool building at the Kerry Wood Nature Centre in Red Deer.
Officials with the Community Foundation of Central Alberta (CFCAB) say this smart financial approach not only supports local education but also demonstrates how creative financial solutions can benefit the community.
It’s noted the transfer of these securities was facilitated by the Community Foundation of Central Alberta, showcasing the power of collaboration between donors and organizations dedicated to improving the quality of life in central Alberta.
“The Community Foundation was instrumental in facilitating this gift from our donor,” said Todd Nivens, Executive Director of the Waskasoo Environmental Education Society (WEES). “We do not have the financial infrastructure to convert shares to cash. The Community Foundation stepped in and charted the path forward for us. Without the Foundation, the final transaction between WEES and our donors would have been immeasurably more difficult.”