Shuswap Community Foundation Education Icon

Education

Shuswap Community Foundation Education Icon

Education

The Okanagan Regional Library (ORL) is pleased to announce it has contributed seed funding in the amount of $5,000 to establish a permanent endowment with the Shuswap Community Foundation. When the endowment reaches $10,000 income earned will be used to support library services and programs in the Shuswap region. The Foundation and the ORL look forward to working with donors who would like to contribute to the fund.

Currently there are five ORL locations in the Shuswap: The Salmon Arm Branch in Piccadilly Mall, the South Shuswap Branch in Blind Bay, the North Shuswap Branch in Scotch Creek, the Silver Creek Branch and the Sicamous Branch. Last year, these five branches welcomed 216,002 visitors and had 11,522 children attend story times. 380,460 free materials and resources were also borrowed at these branches.

“We recognize the importance of libraries in the Shuswap communities, and in planning for their future, we wanted to create an endowment to support library services,” explains ORL Board Chair, Catherine Lord of Vernon. “We hope this endowment encourages local residents to invest in the sustainability of their library.”

Dave Wood, SCF President, congratulated the ORL board on their acknowledgement of how community foundations can play a role in administering endowment funds which will provide future income in support of library services and programs. SCF continues to grow its many agency funds; and welcomes the establishment of Okanagan Regional Library (Shuswap) Endowment Fund.

Okanagan Regional Library
Okanagan Regional Library

The Okanagan Regional Library (ORL) is pleased to announce it has contributed seed funding in the amount of $5,000 to establish a permanent endowment with the Shuswap Community Foundation. When the endowment reaches $10,000 income earned will be used to support library services and programs in the Shuswap region. The Foundation and the ORL look forward to working with donors who would like to contribute to the fund.

Currently there are five ORL locations in the Shuswap: The Salmon Arm Branch in Piccadilly Mall, the South Shuswap Branch in Blind Bay, the North Shuswap Branch in Scotch Creek, the Silver Creek Branch and the Sicamous Branch. Last year, these five branches welcomed 216,002 visitors and had 11,522 children attend story times. 380,460 free materials and resources were also borrowed at these branches.

“We recognize the importance of libraries in the Shuswap communities, and in planning for their future, we wanted to create an endowment to support library services,” explains ORL Board Chair, Catherine Lord of Vernon. “We hope this endowment encourages local residents to invest in the sustainability of their library.”

Dave Wood, SCF President, congratulated the ORL board on their acknowledgement of how community foundations can play a role in administering endowment funds which will provide future income in support of library services and programs. SCF continues to grow its many agency funds; and welcomes the establishment of Okanagan Regional Library (Shuswap) Endowment Fund.

Donate to this fund

Donations to this fund can be made by e-transfer (preferred), by cheque, donated securities, in person at any SASCU branch, through a gift of securities, or online through CanadaHelps.

The simplest way to donate to this fund is by sending e-transfer to:

Recipient: info@shuswapfoundation.ca
Memo: Albert and Muriel Spencley Memorial Endowment

Include your address and full name for a tax receipt. A security question is not required (funds will be auto-deposited).

Send a cheque to:

Shuswap Community Foundation
102 – 160 Harbourfront Drive NE
Salmon Arm, BC, V1E 3M3
Canada

Cheques should be payable to “Shuswap Community Foundation“ and include “Albert and Muriel Spencley Memorial Endowment” in the memo field.

You can make a donation to this fund through Salmon Arm Savings and Credit Union (SASCU). Simply visit any branch and ask to donate to Shuswap Community Foundation, Albert and Muriel Spencley Memorial Endowment.


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Receipts for taxation purposes can be provided by emailing a copy of your deposit receipt to info@shuswapfoundation.ca.

A gift of publicly traded securities can be an attractive option. The Income Tax Act provides that capital gains on securities donated to a charity are exempt from tax, but the donor will receive a tax receipt for the full appreciated value. You will receive a tax receipt for the value of the stock at the time of transfer, and may carry forward for up to five years any unused portions of the gift.

Please talk to your professional adviser or broker to make stock transfers easily. You may download the Share Transfers Form for when you meet with your broker.

Learn more about the Benefits of Donating Securities or contact us by email at info@shuswapfoundation.ca or phone 250-832-5428 for more information.

Donations to this fund can be made securely and conveniently through the CanadaHelps online platform.

Be sure to select Albert and Muriel Spencley Memorial Endowment from the “Fund” field (near the top of the form).


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