The Prince George Community Foundation has rolled out $40,000 to 14 local organizations to go towards endowment funds.
According to Foundation President Ray Noonan, some local organizations who received the endowments include the Railway and Forestry Museum, Exploration Place and the Community Arts Council. The funding is based on what the amount of the endowment is for the organization.
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The Social Economy Alliance, created by 23 social enterprises, co-operatives and charities, have conducted a poll that shows “clear preference exists for community-owned businesses that reinvest profits, with around half of consumers saying they would switch to one in housing, transport and banking.”