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Funding

Funding Guidelines:

Applications for funding are considered for those organizations with registered charitable status that work within the Foundation’s mandated area of effort, namely the health, education and safety of the community at large.

The Foundation also considers funding for organizations that work on research projects involving diseases and other health related matters. The cure of disease and/or the treatment of patients with life threatening illnesses are also considered for funding support where appropriate.

The Foundation provides project and program funding only and will NOT offer operational grants to those organizations requesting funds, i.e. the Foundation will not pay monthly operating expenses such as phone bills, salaries, etc,.

Applications for funding must be presented in writing and must detail the costs of a project through a budget breakdown where applicable. It should also outline the benefits to be gained by the community from the effort. Timelines to project completion and management details should also be provided. First time applications must be accompanied by the most recent annual report, financial statements and proof of registered charitable status.

 

Applicants are only eligible to make a request every 2 years; except in the case of emergency funding in certain circumstances at the discretion of the board.

 

The Foundation may consider participating in fund raising efforts undertaken by a charity and may finance fundraising efforts on behalf of qualifying organizations. Agreements may involve a joint sharing of risk and profits but may also include outright funding grants to finance activities for these qualifying charities.

Contributions over $1,000.00 will be made to qualifying groups when approved by the Board of Directors. This will occur at scheduled meetings, with a minimum of three meetings annually, or may be approved via “email” vote as recorded by the Executive Director of the Foundation.

Donations of under $1,000.00 may be granted to qualifying organizations with the approval of the Executive Director and one other of the Executive members.

Funds will not be released to individuals for any reason or to ad-hoc groups without formal registration. Sports teams, etc, will not be considered for funding support. The Board will not consider travel grants to individuals.

 

Funding Levels for certain projects/programs:

  • $500.00 for Playgrounds request, but not limited to;
  • Up to $3,000 for Summer camps, but not limited to;


Qualified donee

A qualified donee is an organization that can issue official donation receipts for gifts it receives from individuals and corporations. It can also receive gifts from registered charities.

A qualified donee can be:

·        a registered charity (including a registered national arts service organization);

·        a registered Canadian amateur athletic association;

·        a listed housing corporation resident in Canada constituted exclusively to provide low-cost housing for the aged;

·        a listed Canadian municipality;

·        a listed municipal or public body performing a function of government in Canada;

·        a listed university outside Canada that is prescribed to be a university, the student body of which ordinarily includes students from Canada;

·        a listed charitable organization outside Canada to which Her Majesty in right of Canada has made a gift;

·        Her Majesty in right of Canada or a province; and

·        the United Nations and its agencies.

 

Application Deadline                           VOCM Cares Board Meeting                Charity Notification
October 15th                                       November                                           End of November

February 14th                                      March                                                End of March

May 16th                                             June                                                  End June

PLEASE NOTE:  All applications must be sent electronically and NOT mailed.  Any mailed applications will not be reviewed.

[ Download Funding Application.doc ]
[ Download Funding Application.pdf ]

 

 


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