Archive for December, 2015

Kootenay Columbia Trails Society sets up fund with LCF

Monday, December 28, 2015 @ 11:12 AM
posted by: Louise McEwan

We are pleased to announce the “Trails for Tomorrow Fund” established for the Kootenay Columbia Trails Society.  The Fund is open to receive donations from anyone who would like to support the work of the KCTS. Cheques should be made payable to “LeRoi Community Foundation”. Please note “Trails for Tomorrow” in the memo line of your cheque.  Donations can be mailed to LeRoi Community Foundation, PO Box 3, Trail BC V1R 4L3. Or, if you prefer, you may donate through the KCTS. (Please see below for information.)

Thank you to Black Press and the Rossland News for coverage of the fund. The article below is reprinted with permission of Black Press.

Kootenay Columbia Trails Society establishes endowment fund

Isabelle Desmarais (left), treasurer of the KCTS, and Frank Ramovs (right), director of the KCTS, presented a cheque for $16,450 to Louise McEwan, chair person of the LeRoi Community Foundation, to establish the Kootenay Columbia Trails for Tomorrow Fund.  - Photo by Chelsea Novak

Isabelle Desmarais (left), treasurer of the KCTS, and Frank Ramovs (right), director of the KCTS, presented a cheque for $16,450 to Louise McEwan, chair person of the LeRoi Community Foundation, to establish the Kootenay Columbia Trails for Tomorrow Fund.

— Image Credit: Photo By Chelsea Novak

The Kootenay Columbia Trails Society has established an endowment fund to ensure the future ofits trail network.

The Kootenay Columbia Trails for Tomorrow Fund has been created through the LeRoi Foundation,and will pay out to the KCTS on a yearly basis.

“Interest from the earnings on the fund will go back to the Trails Society for its charitable programsor the development of its trails,” said Louise McEwan, chair person of the LeRoi CommunityFoundation.

The fund has been setup in perpetuity and is open for anyone to contribute to.

“So for example it could be a large donation, if someone wanted to leave the fund a bequest in theirwill they could do that,” said McEwan. “If somebody didn’t know what to give that person forChristmas, they could make a donation in their name to the Trails for Tomorrow Fund.”

The initial capital amount the KCTS contributed was $16,450, and the society has raised $20,150 intotal this year.

In addition to donations, the society receives $100,000 of local government funding, but the fundingis approved on a year to year basis, and the society wanted to ensure that it can continue tomaintain and grow the trail network.

“We want to make sure we have some long-term funding that’s internally generated, so we diversifyour funding a little bit,” said Frank Ramovs, director of the KCTS. “If our funding stays stable then wewill use this money every year to make the network stronger and better.”

Generating internal revenue also gives the society an opportunity to multiply funding.

“Often times what happens is if we have project funding then we can multiply that by getting otherorganizations, like the Columbia Basin Trust for example, [to match] funding,” said Ramovs. “So ifwe have $2,000 in generated income, we may be able to double or triple that.”

The KCTS will receive its first interest payment from the fund a year from now.

Those who’d like to donate to the fund can do so by making out a cheque to the LeRoi CommunityFoundation, with KootenayColumbia Trails for Tomorrow Fund in the memo field, and sending it toPO Box 3, Trail, BC, V1R 4L3. Credit cards users candonate on the KCTS website by including acomment to let the KCTS know their donation is for the fund.

Corporate sponsors can contact Ramovs at 250-362-7136 or email trailsfortomorrow@kcts.ca.