Funds
The endowment funds established by the KDCF are held in perpetuity and only the interest earned is distributed in the community. The first three funds listed below are invested with the Vancouver Foundation and managed by their professional fund managers. The last two funds are invested with the Columbia Basin Trust Commercial Finance Corporation.
BC Games Legacy Fund
Established in 2001 using $60,000 the City of Kimberley had as a legacy from the Winter Games held in 1980. This was supplemented with a further $37,500 from the 2008 Winter Games held in Kimberley and Cranbrook and again with $8000 from the BC 55+ Games held in 2018. The revenue from this fund is given to the City of Kimberley to assist amateur sporting groups in the City of Kimberley. Starting in 2021, the City of Kimberley does a call for applications in January each year. On Dec. 31st of 2020 the market value of the fund was $152,269.
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Community Fund
Established in 2001 with funds from Vancouver Foundation and Columbia Basin Trust totalling $100,000. In 2008 the Winter Games added $12,500 to this Fund. Other donations have also added to this fund, including further grants from Columbia Basin Trust. The purpose is to meet a broad range of needs in the community across a spectrum of charitable purposes. This includes arts, culture, sport, environment, health and education. These grants are awarded annually in the Fall. The area served by this fund is bounded by the old School District #3 area. On Dec. 31st, 2020 the market value of the fund was $233,234.
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Bill Motek Memorial Fund
Established in 2002 by a donation from the family of Bill Motek of $75,000. The purpose of the fund is to support the work of The Pines Memorial and Development Society at the Kimberley Special Care Home (known as the “Pines”). This grant is awarded in November or December annually. On Dec. 31st, 2020 the market value of the fund was $97,167.
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KSCU Fund
Established in 2010 with an endowment of $125,400 from the Kootenay Savings Community Foundation. These grants are awarded annually in the Fall, and cover the same purposes as the Community Fund above. On Dec. 1st, 2020 the market value of the fund was $143,000.
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Theresa Cundiff Memorial Fund
Established in 2013 as a memorial to long-time Kimberley school teacher and KDCF Board Member, Theresa Cundiff, this fund is managed by the Vancouver Foundation and provides grants to any charitable group in Kimberley. On Dec. 31st, 2020 the market value of the fund was $11,390.
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Jim Monteith Memorial Fund
In 2018, the family of Jim Monteith approached the KDCF about the possibility of putting $5000 into a fund that would provide some income to buy toys for kids in Kimberley. We accepted the money and placed it with the CBT Commercial Finance Corp. and will give the income to the Food Bank each December to buy toys. Members of the family have continued to make donations to this fund and on Dec. 31st, 2020 the market value of the fund was $7542.