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History of The Temiskaming Foundation:
The Tri-Town Foundation was formed in 1994 in New Liskeard, Ontario. A group of businessmen learned how small communities in the United States were prospering through the work of their community foundations. They reasoned that if other communities could benefit through the work of their community foundations why not start one in the Tri-Town. A local foundation would allow Tri Town residents to donate to the community with the assurance that funds would be directed where they were most needed.
The following people formed the first Board of Directors: Murray Cooper, Peter Ramsay, David Armstrong, George Morissette, Serge Hamel, Roy Carlyle and Florent Heroux. An Advisory Committee was struck which included J. Douglas Bernstein (Judge), and Gerald Blair (Chartered Accountant). Today the Board has twelve members and is made up of a cross-section of the community. The Temiskaming Foundation serves the area from Latchford to Englehart.
The original stratgic plan set a goal of $250,000 in endowments by the year 2000. By 2002 there was 33 funds with a total amount exceeding $1,000,000. In 2001 these same funds provided over $42,000 to be given out in grants within the community.
Established funds range from those that benefit many graduating high school students, the elderly, local arts and culture activities, New Liskeard Public School, the Temiskaming Music Festival, Temiskaming Art Gallery, and local museums. Undesignated funds benefit worthy causes across many sectors of the community.
Effective July 29, 2009, the Tri Town Foundation changed its name to The Temiskaming Foundation to more accurately reflect the geographic area it serves. A new name, a great future and continuing to SERVE TEMISKAMING FROM ENGLEHART TO LATCHFORD.
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The Mandate of The Temiskaming Foundation (Mission Statement):
To establish and administer a permanent fund designed to help all residents of the Temiskaming and area to create a better place to live.
The objectives of The Temiskaming Foundation are to support social services; to assist and promote arts and cultural activities; to advance education; to support and advance the provisioin of medical services; to encourage and support physical fitness and amateur sports; to support and advance other community activities of a charitable nature.
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Roles of The Temiskaming Foundation
As a community foundation, The Temiskaming Foundation provides three main services to the community:
endowment building, grant making, and community leadership.
- The Temiskaming Foundation receives funds in trust from private and public sources, investing funds according to a board-determined investment policy and with professional fund managers. Endowment funds may be established by individuals, corporations or agencies, and may be designated to a specific purpose or left to the discretion of the Board of Directors.
- The interest generated for the endowment funds is used to make grants to registered charities. Charities must first complete a comprehensive grant application citing the purpose for which the funds will be used. The Grant Making Committee first reviews the applications then makes a recommendation to the Board.
- In a leadership capacity, The Temiskaming Foundation makes a concerted effort to learn about and understand the needs of the community by sharing information at board meetings, communicating with community groups, and acting as a catalyst to build and strengthen community capacity.
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