2019 Community Impact Fund – Supporting Poverty Reduction Initiatives on PEI
Each year, the Community Foundation of PEI determines its annual granting capacity from endowments and opens up the application process for various scholarships and community grants. This year the Foundation has announced more than $300,000 in scholarships and community grants. The majority of scholarships and grants have been designated to support specific areas for the donors, however, each year the Foundation is able to earmark some funds for a specific theme within the category of Community Impact.
For 2019, the Foundation’s Board of Directors and Granting Committee have determined that the focus of the Community Impact Fund will be Poverty Reduction Initiatives in PEI. Furthermore, for the first time, the Foundation is providing a way for individuals and organizations to become involved by contributing directly to the fund!
Applications are now open and will remain open through May 1st for groups that have projects and initiatives related to poverty reduction. Application details can be found at https://cfpei.ca/applications/community-grant-applications/ for any groups interested in applying for assistance (under the Community Impact Fund Grant). Funds raised through this campaign will be utilized for as many poverty reduction initiative projects as funds will allow.
This year, Islanders can help increase the impact by making a charitable donation that will be used to increase the granting to worthy projects and initiatives related to poverty reduction in 2019. Every donation of $20 or more will be eligible to receive a charitable tax receipt for the contribution.
A number of funds have been established and donated to the Foundation in order to address existing and emerging needs in the Community. To kick off the 2019 Community Impact campaign, close to $20,000 in funds have been earmarked from the following endowments: The Eric and Edith Robinson Fund, the Arthur & Theresa MacDonald Charitable Trust, the Island Fund, the Upson Fund and one anonymous fund.
Now in its 26th year, CFPEI currently manages over 80 funds with a combined value of over $10 million dollars and distributes funds to all corners of the community in arts and culture, education, health, social services and the environment. CFPEI works with its donors to realize their philanthropic goals, matching their interests with the needs of the community.