Oakville and District Community Endowment Fund
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Oakville Lions Club President Bruce Mintenko presents a cheque for $5,000 to Ernie Shwaluk for the Oakville Fund |
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President Ernie Shwaluk receives a cheque for $40,000 from Village Committee member Dale McLeod and Oakville representative Len Essay |
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Corporate sponsor Brad Dick of Newton Enterprises presents a cheque for $1,000 for the Oakville Fund. |
On June 11, 2007, the Oakville Village Committee created the Oakville and District Community Endowment Fund within CFPD’s Endowment Fund (the Oakville Fund). The Village Committee started the Fund with a $10,000 contribution. The first donation received was from the Oakville Lions Club for $5,000.
At the 2006 Annual Report Presentation in June 2007, the Oakville Village Committee member Dale McLeod put forth a challenge to past and present residents of Oakville and area. The $50,000 gifted to the Community of Oakville from the Blair Morrison Estate will be used to match the dollars received from individuals, groups and businesses.
The official launching of the Oakville Community Match Challenge was held on November 15 at Stooks Restaurant in Oakville. About 20 individuals joined the Village Committee and CFPD Directors for coffee to learn more about the program. Several donations were received: Archie Nichol presented $5,000 from Oakville Community Club; Bernice Einarson presented $500 from the Silver Threads Senior Centre; and Barry Fowler, Dale McLeod and Steve Ford together donated $500. Other generous individuals also donated funds totaling $1,121. (See page 6 for complete list of 2007 donors.)
The goal is to continue to build the Oakville Fund. The Government requires that 3.5% of the Fund be distributed in the form of grants yearly. The principal is never spent, only the interest is used for grantmaking. In June each year, CFPD will issue a cheque to the Oakville Community Club Inc for projects in Oakville and district. As the fund grows so does the amount available for grants for worthy projects. The dollars will be used to support sports and other recreational activities in Oakville and district.
By December 31, thanks to Oakville Village representative Len Essay, the Oakville Fund had grown to $67,463 which includes the Oakville Village Committee final Installment of $40,000. The Committee was delighted that $17,463 or 35% of the challenge was raised in six weeks. Another $32,537 is needed to meet the goal of having $100,000 in the Oakville Fund. The challenge is ongoing and it is hoped that it will be near completion by the end of 2008.
Now that the Oakville Fund is open; named funds can be created within the Oakville Fund with gifts of $5,000 that can be built over time.
Click here for a full list of Oakville Donations