City of Williams Lake Endowment Fund Holiday Campaign Starts with $50,000 Contribution

Courtesy of the City of Williams Lake:

The City of Williams Lake is rolling out a Holiday Campaign starting November 12 to help raise funds for the City of Williams Lake Endowment Fund, which was established in 2021.

Thanks to multiple significant contributions from a private donor and a matching gift from Northern Development Initiative Trust, the fund is already valued at roughly $375,000.

Once the fund grows large enough, grants will be offered to community groups and organizations in Williams Lake. The goal is to generate consistent community funding through interest earned on the fund for years to come.

The City of Williams Lake has started the 2024 campaign with a $50,000 contribution to the fund. 

“Now we need the community’s help to reach the City’s next milestone of $1 million, at which point we can start donating the interest and make a real difference in the community,” said City of Williams Lake Manager of Economic Development Beth Veenkamp.

“Every dollar received adds to the funding pool, and interest earned is generated to flow back into the fund and, eventually, the community for generations to come.”

While the Prince George Community Foundation provides administrative support, the City of Williams Lake is responsible for growing the fund and retains control over how the interest income will be spent in the community.

Tax receipts for the City’s Endowment Fund will be issued from PGCF, but donors can be assured funds will remain within the Williams Lake fund and will continue to grow.  

“Contributing to the Williams Lake Endowment Fund is a great way to leave a lasting legacy to our community,” Williams Lake Mayor Surinderpal Rathor said. “This is a fantastic opportunity to invest in the future of Williams Lake and, for those of us who have been lucky enough to call Williams Lake home, a chance to pay it forward to generations to come.”

Stay tuned to the City’s Facebook and Instagram pages from now through until the end of December for more on the Endowment Fund.

For more information on the City of Williams Lake Endowment Fund and how to donate, visit: www.williamslake.ca/950/City-of-Williams-Lake-Endowment-Fund