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DDCF hits its goals and more in 2016

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It was good news for the Dauphin and District Community Foundation (DDCF), May 9, as board chair Chuck Burton, opened its annual general meeting with an announcement the foundation surpassed its endowment goal of $2.5 million in 2016.
“The Dauphin and District Community Foundation raised a total of $168,391 in 2016, with over $54,000 coming in during the Endow Manitoba Challenge last November. This event was a testament to what community-minded people can do when a challenge is put before them,” Burton said.
Last year DDCF received a unique gift, he added, of a residential lot donated by a long-time supporter of the foundation.
With assistance from Colette Carefoot from RE/MAX of Dauphin, Burton said, DDCF sold the property, adding $15,800 to the undesignated grant fund.
“Through scholarships, designated and undesignated funds, the DDCF was able to put $76,428 back into Dauphin in 2016. An additional $17,306 was distributed in the communities of Gilbert Plains, Ochre River and Ethelbert through a partnership with their designated community fund accounts,” he added.
In 2016 DDCF created two new funds, a scholarship fund for the Wes and Andrew Bernat Family Music Scholarship and a designated fund for the Ross and Tyyne Ritchie Memorial Fund to the Dauphin Agricultural Society for educational workshop expenses.
Shelly Love presented the 2016 audited financial report, noting through effective investment management provided by the Winnipeg Foundation, the DDCF has seen positive growth in net assets and long term investments.
At the end of 2016 the DDCF had an undesignated fund balance of $1.8 million, a designated fund balance of $1.4 million and administrative, distributable and managed fund balances totaling nearly $1.45 million.
The DDCF board of directors continues to look for new and relevant ways to be part of making Dauphin and area a better community to live in, Burton said, adding the foundation is actively working toward the next endowment goal of $3 million.

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M. A. Nyquist
REPORTER
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