40 Mile Fund receives first bequest

Posted on November 9, 2023 by Ryan Dahlman

By Anna Smith
Commentator/Courier

The Community Foundation of Southeast Alberta was honoured to receive a donation in the amount of $446,000 through the generosity of Thomas Bories.

The Fund will support youth education and recreational needs within the Village of Foremost, said the Community Foundation in a press release. 

Bories had made Foremost his home after coming to the area to hunt 35 years ago, and leaves a legacy behind for the community he loved, with the help of the Community Foundation of Southeastern Alberta Board of Directors and the Rural Community Fund of Forty Mile.

“CFSEA’s Rural Community Funds provide an opportunity for residents to leave a lasting legacy for their own community. The distributions from the Thomas Bories Memorial Fund will benefit needs within the Village of Foremost for generations to come,” said Niki Gray, CFSEA Executive Director.

“If you would like to consider leaving a legacy, like Mr. Thomas Bories, consider joining the Heritage Club with the Community Foundation,” said CFSEA. “Heritage Club Members are those who have included CFSEA in their future plans with a gift through a bequest, life insurance, trust arrangement, or another asset of choice. Your gift, and all future earnings from your gift is a permanent source of community capital, helping to do good work, forever.”

As with all donations, the money will not be spent, and instead invested, to deliver grants based on the investment earnings to create a lasting fund that will stay in the communities they were intended for long beyond the initial amount.