Coquitlam Foundation to manage Wesbild’s new LIFT Fund

Friday, December 7, 2012

COQUITLAM – The Coquitlam Foundation is pleased to announce the addition of a major new fund to its portfolio of foundation-directed and donor-advised funds: Wesbild Holdings’ Learning Initiative for Tomorrow (LIFT) Fund.

The foundation will manage distribution of scholarships from the new fund, which is designed to benefit graduates of Coquitlam Alternative Basic Education (CABE), a secondary school in School District 43 that offers a unique educational program.

Introduced to CABE through the Vancouver Sun Adopt-a-School Program, Wesbild, a real estate development company with a long and successful history in Coquitlam, has committed significant funds to support CABE graduates in their post-secondary training and education.

“We were really intrigued by the Vancouver Sun Adopt-a-School program,” said Kevin Layden, Wesbild’s President & CEO, “When we went out and visited CABE and saw the great work they are doing we wanted to get involved. The opportunity to help transition CABE graduates into post-secondary education and ultimately the work force is exciting for us.”

The Wesbild LIFT Scholarship is open to current CABE graduates; grads from up to 18 months ago can also apply, along with graduates from other schools in School District 43 who have spent 75 percent or more of their time at CABE.

“CABE is very excited to be working with Wesbild and have this opportunity for our students,” said Paul McNaughton, Principal of CABE. “This will help provide education and training that might otherwise not be available to our current and past grads and also helps get them out into the workforce and the next stages of their lives.”

Julie Fisher, chair of the Coquitlam Foundation, welcomed the opportunity to facilitate implementation of the LIFT scholarship program. “With our 20-year record of distributing bursaries and scholarships to Coquitlam-area students, it’s a natural fit,” Fisher said. “We look forward to helping Wesbild bring their philanthropic dreams to life.” The first round of scholarships will be awarded this January.

The foundation has distributed more than $700,000 in grants, scholarships and bursaries during its two-decade existence and now manages $2.2 million in its funds.

The Coquitlam Foundation is always pleased to accept donations, c/o P.O. Box 2, 1207 Pinetree Way, Coquitlam, B.C., Canada, V3B 7Y3, or through its website. The Coquitlam Foundation is registered with Canada Revenue as a charitable organization, No. 890762347 RR0001.