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CONTENTS 75 Years and Counting


38 45


54


A Year of Community Celebration Investing in Our Community Power in Numbers Our Leadership Our Purpose


Provincial Funds


1 4 7


16 18 19 20


Aboriginal Initiatives Dynamic Programs 2010 Grants


Auditors’ Report


51,5831,583126,954 126,954126,954


Financial Highlights


Summarized Financial Statements 2010 Fund Balances


823,954 526,954


126,95456 1 245


21 22 24 29 30 31 32


556 61 126,954


63,425 163,425


Image D-05220 courtesy of Royal BC Museum, BC Archives. 1 126,95426,954


VICTORIA FOUNDATION 75 YEARS AND COUNTING


For over 75 years, Victoria Foundation donors and grantees have touched the lives of thousands of British Columbians, strengthening individuals, families and the community-at-large. Recognized for its community leadership, the Foundation’s granting has grown incrementally over the past seven decades.


To better understand the evolution of the Victoria Foundation, starting at the beginning is essential. Picture the city’s only soup kitchen in 1936, the Sunshine Inn. This was the meeting place of the Victoria Foundation after it was established through an Act of the BC Legislature. Foundation founder Burges Gadsden had his vision of a permanent community endowment come to fruition with the first donation of $20 from his mother, Fannie. She penned her wishes in a letter dated April 15, 1937 – a defining moment for Victoria in the midst of the Great Depression:


“I have been talking with my son Burges about the Victoria Foundation and feel it will give me pleasure to subscribe, “The Widows Mite” – and enclose the sum of twenty dollars with the wish that I could afford one hundred dollars to so fine an undertaking.”


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