New Endowment Fund Supports Sylvan Lake Seniors

The Community Foundation is excited to announce the launch of the Sylvan Lake Seniors Association Endowment Fund, a new fund focused on building a long-term funding structure to support the important work of the Sylvan Lake Seniors Association.

“When looking at how to create a stable financial future for the organization, the Sylvan Lake Seniors Association made the prudent decision to open an endowment fund here at the Community Foundation,” said Erin Peden, RDDCF Executive Director. “By investing in an endowment, the organization is cultivating a sustainable funding source, rather than relying solely on annual donations or government grants. And so far, their efforts to raise money for this fund have been commendable.”

The Sylvan Lake Seniors Association is committed to growing the fund to eventually develop a predictable stream of revenue. This will help to ensure the longevity of their mission to “provide for the recreation, social well-being, and artistic expression of seniors of Sylvan Lake and area and to contribute to the education and social well-being of the community.“

“It’s been great to work with such a forward-thinking group,” said Peden. “They have been committed to learning as much as they can about endowment building, and in turn, their members have risen to the occasion for a very strong start.”

So far, contributions to the fund have been made by members of the group, as well as the group’s Euchre Club, and also by two local businesses who believe in the group’s mission: Mr. Mikes Steakhouse Sylvan Lake and  Sylvan Lake IDA pharmacy.

Donations of all sizes are now being accepted to help grow the endowment fund. Contributions will make a meaningful difference in ensuring that Sylvan Lake seniors have access to the programs, services, and space they need to thrive.

To make a donation to this fund, click here.