The Mayor's Standing Committee was established to oversee and administer the fundraising strategy and activities for the purchase of 2661 Richmond Road and 1843/1845 Kings Road on behalf of the District of Saanich.
Fundraising plan for the Kings Road Community Nature Green Space
This is an exciting partnership that the Saanich Legacy Foundation is leading under the Mayors Standing Committee on Fundraising that will bring together community members and stakeholders.
Importantly, this is a fluid plan that is subject to change based on the input and advice from the community, Saanich staff and others.
The SLF is a registered charity with the Canadian Revenue Agency and a society organized under the B.C. Societies and Corporation Act. The SLF was created in 1999 and is run by a volunteer Board of Directors assisting various groups in Saanich to achieve their vision of making Saanich an even better place to reside in and to raise families. The SLF Community Fundraising Committee is a subcommittee of the SLF and is responsible for fund raising for the Kings Road Community Nature Green Space.
Objective
To raise $2.75 million to ensure that the KCNGS remains a natural green space in perpetuity.
This amount represents half of the total purchase price of $5.5 million to purchase the property from B.C. Hydro. The acquisition is currently financed with $1.5 million from the Land Sale Reserve Fund and $4 million in debt pending the outcome of the fundraising campaign.
Fundraising campaign
The fundraising campaign began on September 1, 2019 and concludes on March 31, 2021.
The Committee may return to Council to request a timeline extension based on fundraising progress and unresolved fundraising opportunities.
Roles
The Saanich Legacy Foundation Fundraising Committee shall be responsible for the following:
Donations through Public Fundraising:
- Solicit donations from the general public.
- The Saanich Legacy Foundation shall receive donations from individuals and organizations for which a charitable tax receipt will be issued for the year in which the donation is made.
- Guidance from Saanich staff and the Mayors Standing Committee on Fundraising for Kings Road Community Nature Green Space will ensure the fundraising activities are conducted in accordance with Saanich policies, bylaws and procedures.
Grant Applications:
- Developing a Memorandum of Understanding, with Saanich staff and the Mayors Standing Committee on fundraising for the Kings Road Community Nature Green Space that expresses the separate roles and responsibilities in their undertaking.
- Compiling and maintaining a database of potential charitable organizations/sources of funding.
- Applying to funding organizations that do not accept applications from municipalities.
- Holding the funds in trust to ensure the funds are applied to the intended objective.
- Once the $2.75 million is reached, transferring the funds to the Corporation of the District of Saanich.
The District of Saanich will:
- Developing a Memorandum of Understanding, with Saanich staff and the Mayors Standing Committee on fundraising for the Kings Road Community Nature Green Space that expresses the separate roles and responsibilities in their undertaking.
- Process the grants prepared by the Saanich Legacy Foundation that are required to be submitted by a municipality and hold any funds received in trust.
- Provide financial, legal and administrative guidance for the Saanich Legacy Foundation in preparing grant applications when necessary.
- Consider preparing a request to the Capital Regional District Land Acquisition Fund to support the purchase of the Kings Road Community Nature Green Space.
- Consider reaching out for support from the District of Oak Bay and the City of Victoria for the application to the CRD from the Land Acquisition Fund for the purchase of the Kings Road Community Nature Green Space.
- Consider reaching out for support from the Vancouver Island Health Authority for the purchase of the Kings Road Community Nature Green Space.
Sponsorship incentives & recognitions
Donations can be made directly by credit card at saanichlegacy.ca
For other arrangements or to discuss a potential donation please contact Paul McKivett, President, Saanich Legacy Foundation at 250-477-3806 or paulmckivett@shaw.ca
Download the funding levels information.