Coquitlam Foundation formalizes creation of new Diversity Fund

Monday, November 7, 2011

COQUITLAM – The Coquitlam Foundation has announced the creation of a new donor-advised fund, the Community Diversity Fund.

The fund will provide grants to Tri-Cities individuals, non-profit organizations, or community groups initiating actions, programs or education aimed at improving integration, participation in or access to the community for any diversity group identified by the community as being marginalized. Priority will be given to initiatives which benefit the people of Coquitlam.

Donor Alexander Bell of Coquitlam seeded the new fund with an initial capital contribution of $50 plus the proceeds of the Annual Coquitlam Crunch Challenge: Embracing Diversity 2010 and 2011.

Donor Alexander Bell and Coquitlam Foundation Chair Colleen Talbot.

“New funds such as the Community Diversity Fund reflect the growing and, indeed, diverse aspirations and interests of our city,” Coquitlam Foundation Chair Colleen Talbot noted. “We are very pleased to be able to add this fund to our growing portfolio of two dozen foundation-directed and donor-advised funds.”

A member of the Community Foundations of Canada network, the Coquitlam Foundation manages an endowment of more than $1.8 million. Its funds focus on everything from arts enhancement and academic achievement, to literacy promotion and community service. It distributed $55,000 in grants, scholarships and bursaries at its Awards Night last May.

Donations to the foundation or any of its funds can be made c/o P.O. Box 2, 1207 Pinetree Way, Coquitlam, B.C., Canada, V3B 7Y3, or through the foundation’s website, www.coquitlamfoundation.com. The Coquitlam Foundation’s mission is to encourage and support creative, targeted philanthropy that builds a vibrant, sustainable and healthy community.

Contact: Chair Colleen Talbot, 604.521.3454; ctalbot@coquitlamfoundation.com or

Executive Director Dale Clarke, 604.468.2077; dclarke@coquitlamfoundation.com