[Bcma-l] Endowment Award for the Osoyoos Museum
bcma-l@museumsassn.bc.ca
bcma-l@museumsassn.bc.ca
Wed, 25 Feb 2009 15:47:45 -0800
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OSOYOOS MUSEUM SOCIETY WINS BIG! Press Release=20
" What a joy! A million dollar endowment is NOT an impossible dream," =
declared Curator Gayle Cornish of the Osoyoos Museum Society. Her =
remarks came after the thrilling news from Osoyoos Credit Union Board =
Chair Jack Whittaker and Osoyoos Credit Union Manager Bill Collins that =
its $60,000 Legacy Award had been bestowed on the Osoyoos Museum =
Society.
The Osoyoos Credit Union had allocated the funds to celebrate its 60th =
Anniversary in 2007.
The elated Ms. Cornish said the Legacy Award in the Osoyoos Museum =
Endowment Fund, will not only assure a more secure future for the =
Museum, but will allow it to apply for larger matching - fund grants.
The Osoyoos Museum Society established its endowment fund in 2007 with =
$10,000 donated by generous local citizens who recognize the value of =
preserving the unique history of the area. It was matched =
dollar-for-dollar through the BC Art Renaissance Fund by the Vancouver =
Foundation, bringing the total to $20,000.
"I want to express my heart-felt thanks to the Osoyoos Credit Union," =
Cornish said. " With its Legacy Award of $ 60,000 and a second matching =
grant of $49,200 from the BC Arts Renaissance Fund our endowment has =
grown to $129,200 in just two short years!"
Osoyoos Museum Society President Dr. Robert Ritchie added, "These =
monies will provide a financial benefit to our community museum and =
archives in perpetuity. It will diversify the financial base for our =
operations, giving the museum increased stability and sustainability. =
In an endowment we can't access the principal but will receive interest =
income every year on an annual basis."
The BC Arts Renaissance Fund was created in 2003 with a $25 million =
donation from the Province of BC. Administered by the Vancouver =
Foundation, it has helped more than 75 arts and culture organizations =
across BC build permanent endowments.
Cornish said that the income generated by the endowment will help to =
sustain the archives, as well as enable the Museum Society to start the =
planning process for a much-needed new building.
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<p class=3DMsoNormal style=3D'margin-bottom:7.2pt'><b><font size=3D2 =
face=3DArial><span
lang=3DEN-US =
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font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></b></p>
<p class=3DMsoNormal style=3D'margin-bottom:7.2pt'><b><font size=3D2 =
face=3DArial><span
lang=3DEN-US =
style=3D'font-size:10.0pt;font-family:Arial;letter-spacing:-.1pt;
font-weight:bold'>OSOYOOS MUSEUM SOCIETY<u> </u><span =
style=3D"mso-spacerun:
yes"> </span>WINS BIG!<span style=3D"mso-spacerun:
yes"> </span><span style=3D"mso-spacerun:
yes"> </span></span></font></b><b><font size=3D3 =
face=3DArial><span
lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:10.0pt;font-family:Arial;
letter-spacing:-.1pt;font-weight:bold'>Press =
Release</span></font></b><b><font
face=3DArial><span lang=3DEN-US =
style=3D'font-family:Arial;letter-spacing:-.1pt;
font-weight:bold'> <o:p></o:p></span></font></b></p>
<p class=3DMsoNormal style=3D'margin-right:21.6pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'>" What a joy!<span =
style=3D"mso-spacerun:
yes"> </span>A million dollar endowment is NOT an impossible =
dream,"
declared Curator Gayle Cornish of the Osoyoos Museum Society.<span
style=3D"mso-spacerun: yes"> </span></span></font><font =
size=3D3><span
lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:10.0pt;mso-bidi-font-family:=
"Bookman Old Style";letter-spacing:-.3pt'>Her remarks came after the =
thrilling
news from<span style=3D"mso-spacerun: yes"> </span>Osoyoos Credit =
Union
Board Chair Jack Whittaker and<span style=3D"mso-spacerun: yes">
</span>Osoyoos Credit Union Manager Bill Collins that its $60,000 Legacy
Award<span style=3D"mso-spacerun: yes"> </span>had been bestowed =
on the
Osoyoos Museum Society.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-right:21.6pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
10.0pt;mso-bidi-font-family:"Bookman Old =
Style";letter-spacing:-.3pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-right:21.6pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
10.0pt;mso-bidi-font-family:"Bookman Old =
Style";letter-spacing:-.3pt'><span
style=3D"mso-spacerun: yes"> </span>The Osoyoos Credit Union had =
allocated
the funds to celebrate its 60<sup>th</sup> Anniversary in =
2007.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><i><font size=3D3 face=3D"Times New Roman"><span =
lang=3DEN-US
style=3D'font-size:12.0pt;mso-bidi-font-size:13.0pt;mso-bidi-font-weight:=
bold;
font-style:italic'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></i></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
lang=3DEN-US
style=3D'font-size:12.0pt;mso-bidi-font-size:13.0pt;mso-bidi-font-weight:=
bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'>The elated Ms. Cornish said the Legacy
Award<span style=3D"mso-spacerun: yes"> </span>in the Osoyoos =
Museum
Endowment Fund, will not only assure a more secure future for the =
Museum, but
will allow it to apply for larger matching - fund =
grants.<o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'>The Osoyoos Museum Society established =
its
endowment fund<span style=3D"mso-spacerun: yes"> </span>in =
2007<span
style=3D"mso-spacerun: yes"> </span>with $10,000 donated by =
generous local
citizens who recognize the value of preserving the unique history of the =
area.
It was matched dollar-for-dollar through the BC Art Renaissance =
Fund<span
style=3D"mso-spacerun: yes"> </span>by the Vancouver Foundation, =
bringing
the total to $20,000.<o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><span style=3D"mso-spacerun:
yes"> </span>"I want to express my heart-felt thanks to the =
Osoyoos
Credit Union,” Cornish said. “ With its Legacy Award of $ =
60,000 and</span></font><font
size=3D3><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:10.0pt;
mso-bidi-font-family:"Bookman Old Style";letter-spacing:.5pt'> =
</span></font><font
size=3D3><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:13.0pt;
mso-bidi-font-weight:bold'>a second matching grant of =
</span></font><font
size=3D3><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:10.0pt;
mso-bidi-font-family:"Bookman Old Style";letter-spacing:.5pt'>$49,200 =
from the
BC Arts Renaissance Fund our endowment has grown to $129,200 in just two =
short
years!”</span></font><font size=3D3><span lang=3DEN-US =
style=3D'font-size:12.0pt;
mso-bidi-font-size:13.0pt;mso-bidi-font-weight:bold'><o:p></o:p></span></=
font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:7.2pt;tab-stops:223.2pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'>Osoyoos Museum Society<span
style=3D"mso-spacerun: yes"> </span>President Dr. Robert =
Ritchie<span
style=3D"mso-spacerun: yes"> </span>added, “These monies =
will provide a
financial benefit to our community museum and archives in =
perpetuity.<span
style=3D"mso-spacerun: yes"> </span>It will diversify the =
financial base
for our operations, giving the museum increased stability and
sustainability.<span style=3D"mso-spacerun: yes"> </span>In an =
endowment we
can't access the principal but will receive<span style=3D"mso-spacerun:
yes"> </span>interest income every year on an annual =
basis.”<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-right:36.0pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
lang=3DEN-US
style=3D'font-size:12.0pt;mso-bidi-font-size:13.0pt;mso-bidi-font-weight:=
bold'>The
BC Arts Renaissance Fund was created in 2003<span style=3D"mso-spacerun:
yes"> </span>with a $25 million donation from the Province of<span
style=3D"mso-spacerun: yes"> </span>BC.<span =
style=3D"mso-spacerun:
yes"> </span>Administered by the Vancouver Foundation, it has =
helped more
than 75 arts and culture organizations across BC build permanent =
endowments.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-right:36.0pt'><font size=3D3
face=3D"Times New Roman"><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:
13.0pt;mso-bidi-font-weight:bold'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
lang=3DEN-US
style=3D'font-size:12.0pt;mso-bidi-font-size:13.0pt;mso-bidi-font-weight:=
bold'>Cornish
said that the<span style=3D"mso-spacerun: yes"> </span>income =
generated by
the endowment will help to sustain the archives, as well as enable the =
Museum
Society to start the planning process for a much-needed new =
building.</span></font><font
size=3D3><span lang=3DEN-US =
style=3D'font-size:12.0pt;mso-bidi-font-size:5.0pt;
mso-bidi-font-family:Verdana'><o:p></o:p></span></font></p>
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