An endowment fund to help community outreach initiatives and programs in Charlottetown has been established in honour of the city’s longest-serving mayor, Clifford Lee.
The Community Foundation of P.E.I. will manage the funds, including the donations and earnings. As a registered charity, all qualifying donations are tax deductible.
Decisions about which organizations and outreach programs will benefit from the endowment fund will be managed by the foundation’s grant committee based on the granting vision that has been initially established by Lee.
Contributions to the Clifford Lee Endowment Fund will be placed in a long-term investment where the capital is held in perpetuity, and the earnings are used to empower an annual granting program.
The fund will be launched at a toast and roast for Lee, which will be held at the Delta Prince Edward on Saturday, Nov. 3. The event will be hosted by Bruce Rainnie and Kevin (Boomer) Gallant, with the reception beginning at 6 p.m. and dinner at 6:30 p.m.
Tickets can be purchased at Charlottetown City Hall (199 Queen St.) by cash or cheques made payable to the Community Foundation of P.E.I. For more information, contact: 902-566-5548.
The proceeds of the ticket sales will go to the endowment fund.
Donations can also be made directly through the Community Foundation of P.E.I. by calling 1-800-566-7307, 902-892-3440, or email email@example.com. To donate online, visit the Community Foundation of P.E.I. website at: Cfpei.ca.
Examples of eligible projects include:
• Outreach initiatives designed to improve the lives of vulnerable youth or kids in crisis
• Projects that support families and individuals requiring palliative care
• Projects created to connect and engage youth in the community
• Programs that support youth with special needs
• Lectures/speaking engagements to raise awareness on issues that impact youth and their families