Mr. G.W. (Bill) Harris, a long time Mission resident and former Mayor, saw the need for a facility whereby Mission residents would be able to leave funds, in perpetuity, for the benefit of the community and its citizens.
Such a facility was available through a Charitable Foundation. He, together with others of similar vision approached the then Dewdney Constituency M.L.A.’s for their backing. Austin Pelton and Norm Jacobsen sponsored Bill Pr404 and the Mission Foundation was born. Financial assistance during its formative stages was provided by the Mission Rotary and Kinsmen Clubs, McKnight Johnson and Partners and by the Founders: Norman Cook, G.W. Harris, Albert McMahon, Gordon Ruley, G.W. Walker, and John Weisgerber.
The first fund entrusted to the Mission Foundation came through the Estate of the late Margaret Erskine, in the amount if $228,000 dedicated to post-secondary education. Today, 84 funds worth over $4,200,000 are under administration. In addition to Designated Funds, the Foundation also receives donations “In Memoriam”, and responds to ongoing inquiries as to opportunities that might be administered by the Foundation.
The Foundation is managed by a Board of twelve individuals who occupy key positions in the community. There are five appointed members and the balance representing District of Mission, School District #75 (Mission), Mission Regional Chamber of Commerce, Mission Community Services Society and Fraser Valley Regional District.
An Investment Committee acts with a professional Investment Manager, using expert financial advice for the funds entrusted to the Foundation. Audit is done annually, with results delivered at the Annual General Meeting.
Official name change occurred in 2007.
Mission Community Foundation will receive funds in any amount, and issues receipts for Income Tax purposes. Named funds with specified granting request must be capitalized by a minimum $10,000. Until they are, the funds are Start-Ups waiting for maturation.
The Foundation was established by an Act of the B.C. Legislature on June 19, 1987. Official name change amendment Bill Pr 402-2007, May 8, 2007.
INCOME TAX STATUS
Mission Community Foundation is registered with Canada Customs and Revenue Agency as a Public Foundation under rules applicable to Registered Charities. Donations qualify for individual tax relief pursuant to Charitable Registration No. 119042810R0001