Mission Accomplished: $1,000,000
Our community endowment with the Phoenix Foundation has officially reached its goal of One Million Dollars!
We started this endowment in 2011, and need to give many thanks to the many people that helped us create, build, and implement this valuable community asset. The way it works, is that the $1,000,000 is securely invested, and the returns from that investment are available through the Phoenix Foundation as grants each year. This means that the endowment will be providing local community investment grants in perpetuity. While we are excited to reach this milestone, we have already seen the value of this investment, and since starting the fund, more than $175,000 in grants have already gone out to our community. With the current grant cycle closing March 31, we are very excited to see what new projects are on the horizon!Anyone that would like to learn more about our endowment should visit – www.gfcuconnect.com.
Grant applications, open until March 31, can be found at www.phoenix-foundation.ca