Coquitlam Foundation reviews successes, looks forward to Gala

Friday, September 11, 2009

COQUITLAM – The Coquitlam Foundation’s Annual General Meeting on September 10 highlighted the foundation’s many achievements over the past year and looked forward to next month’s “Bellbottoms and Beads” Gala Reception and Concert.

The Coquitlam Foundation, which encourages and supports creative, targeted philanthropy that builds a vibrant, sustainable, and healthy community, distributed $44,000 in grants and $9,000 in bursaries and scholarships last year.

“What’s especially remarkable is that, at a time when many charitable institutions in the country were reporting drastic investment-fund depletions because of last fall’s economic meltdown, our funds actually grew four percent, or $59,207, last year,” notes Colleen Talbot, chair of the Coquitlam Foundation. She and Treasurer Bob Tanaka credit the astute management of RBC Dominion Securities for the success.
The Coquitlam Foundation also received $191,990 in donations and a $14,500 gaming grant last year, for total revenue of $265,697. Overall, the foundation reported net assets of $1.6 million for the year ended June 30, compared with $1.4 million the previous year. The board of directors also praised Executive Director Laurel Lawson as she nears the end of her first year in the new position.

More than two dozen people attended the AGM, the humorous highlight of which was the appearance, in full hippie costume, of board member Terry O’Neill, whose attire was designed to draw attention to the Coquitlam Foundation’s upcoming “Bellbottoms and Beads” fundraiser.

The gala evening kicks off at 5:30 p.m. in the upper lobby of the Red Robinson Theatre, at the Boulevard Casino, with a silent auction, food and spirits. The party then moves into the theatre at 8 p.m. for a concert by Creedence Clearwater Revisited. Tickets are $150 each and can be obtained by calling 604.468.9598 or visiting the Foundations website, www.coquitlamfoundation.com.

Donations can be sent to the Coquitlam Foundation, c/o P.O. Box 2, 1207 Pinetree Way, Coquitlam, B.C., Canada, V3B 7Y3, or made through the Foundation’s website, www.coquitlamfoundation.com. The Coquitlam Foundation is registered with Canada Revenue as a charitable organization, Number 890762347 RR0001.

Contacts:
Coquitlam Foundation Executive Director Laurel Lawson: 778.995.7152
Coquitlam Foundation Chair Colleen Talbot: 604.521.3454