Local philanthropic organization increases charitable allocation for 2010

Tuesday, January 26, 2010

COQUITLAM – Coquitlam-area non-profit agencies, community organizations and students have something to celebrate this year. That’s because the Coquitlam Foundation has just announced its 2010 grants fund is increasing by about 30 percent, or $15,000, above the $50,000 distributed last year to qualifying groups and individuals.

“This is great news for the community,” says Executive Director Laurel Lawson. “We know that many worthy community organizations are struggling to find funding for their projects this year and also that many hardworking students are looking for ways to support their post-secondary education. Our board is very pleased to be able to say to them, ‘We’re here to help.’”

The Coquitlam Foundation, which began operation in 1992, encourages and supports creative, targeted philanthropy that builds a vibrant, sustainable and healthy community. It manages more than 20 donor- and foundation-directed funds, focusing on everything from the arts and athletics to literacy and gymnastics.

Foundation chair Colleen Talbot says arts-oriented applications are particularly encouraged this year because of the continued growth of the Coquitlam Builders’ Trust Fund. The fund was established by the development community in 1999 for the purposes of fostering, promoting and increasing public appreciation of, and public interest in, the fine arts, the performing arts and the literary arts in the City of Coquitlam.

“The arts are a vital part of any vibrant community,” Talbot says, “and we’re delighted to be in a position to support their continued expansion here in Coquitlam.”

Overall, Lawson says the Coquitlam Foundation is happy to report that it enjoys a thriving financial base. In fact, over the past 18 months, the foundation’s endowment funds have grown by a quarter-of-a-million dollars, to $1,630,000 from $1,380,000—an increase of 18 percent.

“We have worked overtime to ensure that the funds entrusted to us have been prudently managed for the benefit of present and future generations,” Lawson says.

The Coquitlam Foundation is currently accepting applications for grants, bursaries and scholarships. The deadline for all applications is February 25. See www.coquitlamfoundation.com for more details. The awards will be distributed at the Coquitlam Foundation’s Awards Night, being held this year on April 14 at the Evergreen Cultural Centre.

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 the Foundation’s website. The Coquitlam Foundation is registered with Canada Revenue as a charitable organization, No. 890762347 RR0001.

Contact:
Coquitlam Foundation executive director Laurel Lawson: 778.995.7152
Coquitlam Foundation chair Colleen Talbot: 604.521.3454