Red Deer River Naturalists have been given a $500,000 by a generous donor.
The marketable securities donation has been directed to the Red Deer River Naturalists Fund for Nature, an endowment fund held with the Community Foundation of Central Alberta (CFCAB).
“This remarkable donation demonstrates the way that philanthropy can be used as a smart financial strategy for both donors and charities,” said CFAB executive director Erin Peden in a statement.
“The Community Foundation exists to provide future-focused options for agencies in our region. We were thrilled to facilitate this donation, and to continue our work with the Red Deer River Naturalists to develop a strong fiscal foundation for their future.”
The Red Deer River Naturalists (RDRN) opened their endowment fund with the Community Foundation in 2021 and it has been growing steadily since. Having an endowment fund means the RDRN can count on a stable financial reserve fund to support environmental stewardship programming long into the future.
"An endowment fund allows RDRN the flexibility of using the interest to support operating expenses as well as special projects undertaken by the club,” said RDRN board chair Rick Tallas. “The Community Foundation ensures safe investments, supports strong and healthy communities, and provides expertise in philanthropy.”
Philanthropy using marketable securities donations offers donors an opportunity to make contributions while providing significant tax benefits. This not only maximizes the impact of the donation but also encourages more substantial contributions in a time when many charitable organizations are facing monetary strains, says the RDRN.
Supporters of the Red Deer River Naturalists play a crucial role in ensuring that the group’s conservation and education programs continue to thrive and adapt over time. From regular flora and fauna focus groups and field trips, to conservation and natural habitat stewardship programs, the RDRN fulfill their mission to involve citizens through education and opportunities that engage them to appreciate and defend biodiversity, ecological integrity and environmental stewardship in Central Alberta.
"This partnership between a generous donor and dedicated environmental advocates fosters a healthier ecosystem for future generations."
