What They're Looking For
Province: Prince Edward Island
About Scholarship
Various Scholarships - click "Visit Application Site" button for more information.
About Company
The Community Foundation of Prince Edward Island (CFPEI) is an incorporated, non-profit organization that provides a ‘user-friendly’ vehicle for donors to create endowment funds to support charitable activities. Income generated from these investments is directed through grants and scholarships to support a wide range of diverse needs in Prince Edward Island communities. Because of the permanent nature of these endowments, income is available for now and generations to come.
The endowment fund allows the donor to leave a memorial legacy to meet their charitable interests in perpetuity, at minimum cost and maximum convenience. Since its incorporation, the Foundation has worked with donors to establish more than 70 endowment funds; these funds now have a current asset base of over 9 million dollars.
This asset base has allowed the Foundation to grant over 2.5 million dollars to worthy community projects and individual scholarships since 1993. In addition to providing a vehicle for donors to create endowments, the Foundation also has a broader community building and leadership role. Some examples of initiatives undertaken by the Foundation in this role include: the Arts and Heritage Stabilization Program; the ‘Building the Capacity of PEI’s Third Sector’ Report; and the Vital Signs Report ‘Taking the Pulse of Island Youth’.