Community Foundations hit $3 billion in assets
Milestone comes on eve of international conference & 90th anniversary
Vancouver (May 9, 2011) – Charities are slowly seeing the light at the end of the tunnel, with Canada’s community foundation movement announcing today that its collective assets have finally reached $3 billion – a milestone it was poised to reach just as the downturn hit in 2008.”There is no doubt the downturn has had a long-term impact on Canadian charities and the communities that we serve, ” said Monica Patten, President and CEO of Community Foundations of Canada. “It has taken time, patience and perseverance, but community foundations are definitely seeing a rebound in giving and granting and that’s great news for communities across Canada.”
Canada’s community foundations received $259 million in new gifts in 2010 – up from $194 million the year previous – to bring their combined assets to $3 billion. The movement is one of the biggest supporters of local charities in Canada, contributing more than $149 million in 2010 alone.
The announcement comes on the eve of CFC 2011 Conference – A World of Opportunity, an international gathering of more than 600 foundation leaders set for May 12 to 14 in Vancouver.
CFC 2011 Conference will also celebrate the birth of Canada’s community foundation movement, which began in Winnipeg in 1921 and now includes 178 local foundations in urban and rural communities across the country.
The conference will be opened by His Excellency the Right Honourable David Johnston, Governor General of Canada, who recently became the first patron of Community Foundations of Canada. Former U.S. President Bill Clinton, human rights activist Naomi Tutu, and next-gen pioneer Michael Furdyk are also among the impressive presenters during the event, taking place at the Sheraton Vancouver Wall Centre.
Even as it recovers financially, the philanthropic sector faces a range of new and pressing priorities, including online giving, mission-related investing, and next-generation recruitment. This changing landscape will be addressed in many of the more than 30 concurrent sessions, and through community learning forums, where participants will visit programs and projects that have benefited from host Vancouver Foundation grants.
Conference participants are coming from across Canada, the United States, Europe, Africa, China, Russia, and South America. A Youth Forum and a series of intensive professional development workshops will get the ball rolling in advance, on May 11.
Full details are available at www.cfc-conference.ca.
Media who wish to cover any part of the three-day conference must apply for accreditation online. Due to security requirements, photo identification will be required when picking up accreditation packages at the registration desk (Level 3, North Tower) in the Sheraton Vancouver Wall Centre.
About Community Foundations
Community Foundations of Canada is the national membership organization for Canada’s community foundations. Canada’s 178 community foundations help Canadians invest in building strong and resilient places to live, work, and play. To find out more visit www.cfc-conference.ca.
Note to media: A backgrounder with conference highlights is attached.
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