Four non-profits have received money from the Olds Institute (OI) Community Legacy Fund for 2018.
They are: Citizens on Patrol; the Community Learning Campus Fitness Centre; the Mountain View Emergency Shelter Society; and the Central Alberta Pregnancy Care Centre, Olds office.
Each received $500, OI chair Bill Hall says.
"The Olds Legacy Fund is managed in Red Deer and the Olds Institute gets an interest package every year and those funds, we get back.
"Our Community Lifestyles (committee) has an application system and from their applications, they put forward a recommendation to the board on who should be awarded the money. So it is a kind of award," Hall says.
"Those four were chosen as the worthy recipients this year. The rest of the money came from our Mountain View Power. So Mountain View Power topped up the amount we got from the Olds Legacy Fund so that each of them would get $500.
"So it's a way of putting money back into the community; not just with Mountain View Power, but with our Legacy Fund."
A release from the Community Lifestyles Committee notes the Olds Institute Community Legacy Fund is a registered charity. Donations to it are permanently invested and the interest earned is reinvested back into the community.
Community Lifestyles Committee co-chairs Rita Thompson and Bernice Lynn say the goal of the fund is to "enhance social sustainability in our community development model by building a piggy bank for the community from which the interest earned is distributed to community organizations or projects that meet the criteria of the Legacy Fund."
Anyone can donate to the Community Legacy Fund. They can simply make a regular donation, a memorial donation, or a one-time gift. Charitable tax receipts are issued for donations of $20 or more.
