City moving forward with the creation of a community foundation
FORT ST. JOHN, B.C. – The City of Fort St. John is continuing the work to create a community foundation.
A community foundation invests funds and uses the proceeds to support local community groups and local community priorities.
The community foundation can also provide grant-in-aid requests and permissive tax exemptions that the City of Fort St. John currently funds from it’s operating budget.
Over the next 70 years, the City will receive approximately $58 million from B.C. Hydro and the Site C project. This funding will provide the base investment for the community foundation. The foundation can also receive donations from the community.
A board of directors would manage the foundation.
In September of 2019, the Council hired KEA Canada Ltd. to evaluate the potential for a foundation to help produce the initial business plan.
The business plan should be presented to Council this year.
Learn more about the community foundation here. You can also provide your feedback at that link.
Read the full presentation made to Council below.
Stay connected with local news
Make us your
home page
Authors
Related Articles
Fort St. John bus services resume after being suspended amid winter weather
Winter weather suspended bus services in Fort St. John for approximately four hours on April 7th, but they have now been resumed.
Fort St. John bowling alley suffers third break-in in three years
Alarms were triggered at Fort Bowling Lanes on April 6th at 3:24 a.m.: the third break in at the bowling alley in the last three years.
‘Not an entry-level job’: B.C. Conservative Party leader hopeful visits Peace region
Kerry-Lynne Findlay, who is one of six candidates vying to replace John Rustad as leader of the Conservative Party of B.C., is visiting Fort St. John, Dawson Creek, Chetwynd and more on her campaign trail.
