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The small town of Cochrane, Alberta, has been home to the Cochrane Foundation for more than two decades, and it's a secret the town doesn't want to talk about.
But that's about to change.
The foundation, which was first established in 1993, has raised more than $1 million over the years, and all that money is put into an endowment fund that is used for grants to local non-profit groups, the CBC reports.
"The income from said endowment fund that is distributed to local non-profit groups as grants," says the foundation's board chair.
"The board itself made up entirely of local volunteers with a vast array of expertise."
This year, the foundation gave $75,000 to 18 groups, including the Cochrane Public Library, the Cochrane Art Club, Canadian Adaptive Snowsports Alberta, and the Glenbow Park Ranch Foundation.
The foundation also gave $5,000 to the George McQuitty Scholarship fund, which goes to students pursuing post-graduate studies in the medical field.
"Since the late '90s, it's now about 1.2 million dollars that the has returned to the community in the form of grants to various non-profits in the community," says Harvie. Read the Entire Article
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