The newly launched community fund based in Tatamagouche has seen a local donor commit to matching – dollar for dollar – donations up to $100,000 by the end of February 2018.
The North Shore Area Community Fund’s (NSACF) executive and the Community Foundation of Nova Scotia (CFNS) are delighted with the potential for the area along the Northumberland coast. A successful match will make the NSACF Nova Scotia’s fastest growing community fund. During the fund’s launch on Dec. 4, it was announced the first matching donation had been made, and the fund sits at a total of $29,000.
Angela Bishop, executive director of the CFNS, expressed her praise for the outstanding start of the fund. Many benefits will come to the people from the legacy.
“Imagine the effects in the future,” she said, “from the donations that both current and past residents are able to provide through this generous offer.”
The NSACF is under the direction of a local executive chaired by David Stevenson, president of the Colchester-Cumberland Wind Field.
“This is the first initiative for our Community Fund, and it will generate at least $7,000 annually for charitable efforts in our area,” said Stevenson. In its 11th year, the fund will have granted to local organizations almost as much as was originally contributed by local people connected to the North Shore area.
But how will the matching work?
Every dollar donated to the fund between now and Feb. 28, 2018, will be matched dollar for dollar by the local donor for a total up to $200,000 in donations to the NSACF. At the end of February, the donor will transfer matching funds to the CFNS to be invested for the NSACF. The donor urges an even larger goal for the fund, and challenges donors to match a total to $150,000!
This initiative will be followed by others to propel the endowments within the NSACF toward $500,000. That total would allow NSACF to grant at least $17,000 to local charitable initiatives each year.
Donations of all amounts can be made to the NSACF. Donors can visit www.canadahelps.org and make an online donation, or send a check to the Community Foundation of Nova Scotia #806 – 1888 Brunswick Street, Halifax, B3J 3J8. Please note NSACF in the cheque’s memo line.
You can also contact the CFNS by emailing email@example.com or calling 902-490-9916 to learn how to make donations of securities, or to ask any questions you wish about the North Shore Area fund or this exciting matching opportunity.
Donors in this initiative will be listed as founding donors in the CFNS spring newsletter where CFNS will profile the NSACF. Donors wishing to remain anonymous must make it known.
For a charitable receipt for your donation in the 2017 taxation year, donations must be made via Canada Helps by Dec. 31, or mail a donation to the CFNS post-marked no later than Dec. 31. Donations made later will be eligible for a charitable receipt for the 2018 taxation year.
Submitted by David Stevenson