Campbellford/Seymour Community Foundation suspends 2023 granting to ‘protect’ endowment amidst market downturn
“We’re not panicking. We’re just being prudent,” says Russ Christianson, member of the finance committee for the Campbellford/Seymour Community Foundation
Why It Matters
The financial markets have bruised many foundation’s endowments this year. So too, however, have many charities and non-profits been feeling the pinch with increased inflation and service demands. The rate at which foundations keep giving will impact how community organizations are able to support their communities.
Heather Hill, board member with Bike Action in July at a festival in Campbellford, Ontario. Hill says the Campbellford/ Seymour Community Foundation’s decision to suspend granting came as a “shock and a disappointment.” (Courtesy: Heather Hill)
This journalism is made possible by the Future of Good editorial fellowship covering the social impact world’s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada. See our editorial ethics and standards here.
In late October, community organizations in Campbellford, Ontario, got some bad news.
In an email, the town’s local community foundation, the Campbellford/ Seymour Community Foundation, which operates on the traditional
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