The Endowment Circle
Thank you for your contributions towards our 2018 campaign. With your help we raised $23,272!
Like a ring of growth in one of Vancouver Island’s mighty Cedar trees, the Endowment Circle will annually recognize all gifts over $250 to the theatre’s endowment by way of a nicely appointed plaque in the lobby.
Donors giving $1,000 or more will be recognized at the Champions’ Ring level and gifts between $250 and $999 will be listed at the Contributors’ Ring level.
We are also pleased to share that the Endowment Incentives Initiative Program through the Department of Canadian Heritage will match all contributions to the theatre’s endowment fund. Each dollar contributed to the endowment will be matched by up to $1 from the federal government.
The theatre’s endowment now stands at $1.3 million dollars and contributed $49,000 to operations over the last twelve months. It is our goal to grow the endowment fund over time to match the theatre’s annual operating budget, currently at $3.3 million.
What is an endowment fund?
An endowment fund is a long term investment for our future financial health and security. The capital is held in perpetuity, the fund grows over time, and each year a portion of the income generated from the fund is available for distribution back to support the work of the Chemainus Theatre Festival Society.
Who manages the fund?
Vancouver Foundation is a community foundation with over 65 years of experience helping individuals, corporations, and charities strengthen their communities. Today they manage endowment funds worth over $1 billion for individuals, families, non-profit organizations, and businesses.
Matching Grant from the Department of Canadian Heritage
All donations to the Chemainus Theatre Endowment Fund, made before November 30, 2018, will be matched up to 100% through the Canada Cultural Investment Fund (CCIF). This federal initiative is designed to encourage giving to permanent endowment funds held by arts and cultural organizations in Canada, and will support long-term growth in the sector. For more information on this program, click here.
Over the past two years, the Chemainus Theatre Endowment Fund received over $35,000 from donations and the CCIF grant, significantly growing our investment and our ability to ensure our future legacy.
How Can You Help?
Annual donations to the Chemainus Theatre Festival help us to deliver the very best in artistry, talent, and shows each season. However, the Endowment Fund is vital to sustain our artistic excellence and continue to build upon our projects and programs. Donations directly to the Endowment Fund will increase our financial security and provide greater annual income to the Theatre.
There are many ways you can support the Chemainus Theatre Foundation Endowment Fund. If you would like to remain anonymous please let us know. Appropriate tax receipts for your donation will be issued. You can make a donation in the following ways:
Chemainus Theatre Festival Society
Chemainus Theatre Endowment Fund
9574 Bare Point Road BAG 1000
Chemainus, BC V0R 1K0 or Vancouver Foundation Chemainus Theatre Endowment Fund
Suite 200 – 475 West Georgia Street
Vancouver, BC V6B 4M9
- Online/Credit Card:
If you would like to make a gift of publicly traded securities, please contact us directly and we will work with you to ensure the gift is properly transferred and accepted.
You can make a deferred gift to our fund through a bequest, RRSP or RRIF beneficiary designation, life insurance, charitable remainder trust or gifts of residual interest. If you would like more information about these gift options please let us know.