With a so-called “silver tsunami” of retirees on the Island, the Campbell River Community Foundation sees an opportunity for non-profits to grow.
Michaela Arruda presented the foundation’s latest “Vital Signs” report to council this week, an annual publication which highlights statistics about Campbell River and its population.
Arruda says many Island communities are facing the issue of business owners retiring with no one interested in buying their businesses. That’s an opportunity for non-profits to secure a revenue stream, she says.
“Charities and non-profits can be operating a business that can create that sustainable source of revenue into their organization and allow them to be profitable, so that they can take those profits and then reinvest them into scaling up their organization, and have an even bigger impact on people that they serve,” she said.
The foundation works with non-profits and charities in Campbell River, connecting them with donors and distributing grants to support local arts, culture, education, youth, health, and the environment.
For more information visit the Campbell River Community Foundation website.
