100 Women Who Care Squamish sets up endowment fund with Squamish Community Foundation

The Squamish chapter of 100 Women Who Care (WWC) has launched an endowment fund in partnership with the Squamish Community Foundation (SCF).

Intended as a way to create "a perpetual source of funding in the community for non-profits and local charities," according to a news release from WWC Squamish, the fund will ensure ongoing support for community causes.

"An endowment fund will allow 100 Women Who Care Squamish freedom from investment responsibility and gives donors the confidence of knowing that a permanent foundation is in place to professionally administer their donations," reads the release. 

"100 Women Who Care members can then concentrate on which non-profit they want to support each year."

The fund will also future-proof the spirit of WWC, ensuring that even with a change in circumstance for the local chapter, the fund will be set up for annual distributions to worthy causes.

"Creating a 100 Women Who Care Squamish endowment fund with the Squamish Community Foundation means our chapter's donations will benefit our community more than ever before," said Squamish chapter founder, Catherine Trueman.

"The interest accrued from our fund will help our local not-for-profits continue to do the incredible work they do for Squamish in perpetuity, creating a lasting legacy for both current and future residents." 

100 Women Who Care is made up of locals who meet every quarter to hear from three local charities about their current projects, with members voting on which charity to support that quarter, with an emphasis on the charity that has the greatest financial need. 

Members then donate $100 each, for a $10,000 donation. The endowment fund created with the SCF will be established during a quarterly meeting, and topped up yearly.

"SCF is very excited to partner with 100 Women Who Care as they launch their Endowment Fund here in Squamish," said Karen Clarke of the SCF.

"They reflect our shared commitment to the well-being of our community and also play an important role in supporting local organizations."