In 2002, the Nechako Valley Credit Union (now Integris) created the Community Foundation designed to promote and provide charitable assistance in Vanderhoof, Fort St. James, Fraser Lake and surroundings areas. The Foundation – a growing capital fund – was renamed the Integris Credit Union Community Foundation in January 2007.
Since 2002, the Integris Community Foundation has invested over $700,000 in Vanderhoof and Fort St. James.
Application Intake Periods
The Foundation receives applications twice a year in March and September from organizations in the communities of Vanderhoof, Fort St. James, Fraser Lake and surrounding areas. The Foundation Council meets in April and October to consider the applications that meet the specified criteria. Applications that do not meet the Foundation’s criteria will not be considered and those applicants will be advised accordingly.
The Integris Credit Union Community Foundation will promote and provide charitable assistance that contributes towards the vibrancy, sustainability, and well-being of the community as a whole.
A foundation can broadly be defined as a growing capital fund which serves the community. The earnings are used to meet a wide range of local charitable needs and interests.
A foundation is an effective way for a community to pool its resources for various community efforts.
Some of the benefits include:
- Providing a framework for socially-motivated activities;
- Creating a vehicle for merging business and social objectives;
- Cementing community relationships;
- Building a lasting legacy;
- Setting aside resources for a “rainy day;”
- Maintaining the cycle of philanthropy;
- Adding effectiveness to community activities.
The purpose of the Community Foundation is to enhance the well-being of the communities and individuals that it serves. The Integris Credit Union Community Foundation does this by:
- Funding projects that facilitate, promote and carry out activities and programs which are beneficial to the community as a whole in a way the law regards as charitable;
- Receiving donations, gifts, bequests, funds and property, and to make decisions regarding the distribution of funds from the foundation.
The income from the endowment will be used to assist with community minded projects.
Criteria for the projects are as follows:
- For the betterment of the entire community and its citizens;
- That are not for profit;
- That are free of political, religious, racial, or gender bias;
- Create a lasting legacy;
- The project will have a tangible outcome (i.e. equipment, buildings, job creation);
- Promotes future contributions to the fund;
- Provides permanent recognition to the foundation;
- That is not for the sole purpose of special interests groups;
- That are special project oriented;
- Where the commitment of funds do not exceed one year.
The following types of proposals will not be considered:
- Research, surveys, or studies;
- Large conferences;
- Medical research;
- Operating costs;
- Deficit reduction.