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Wednesday, July 24, 2013

Co-op donates $5 million to Children's Hospital Foundations across western Canada

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MAY 30th GIFT TO CHILDREN’S HOSPITAL FOUNDATIONS ACROSS WESTERN CANADA

Federated Co-operatives Limited, on behalf of local Co-ops that make up the Co-operative Retailing System, is making an historic gift of $5 million over five years to children and families across Western Canada.

Our gift of $5 million is the largest we’ve ever given out. It is also the first time that the five Foundations have received a single donation to be shared amongst them.


Of the $5 million, BC Children’s Hospital Foundation receives $550,000; Alberta Children’s Hospital Foundation in Calgary $825,000; Stollery Children’s Hospital Foundation in Edmonton $825,000;
Children’s Hospital Foundation of Saskatchewan $1.7 million; and, the Children’s Hospital Foundation of  Manitoba $1.1 million. The money was divided using a formula developed by FCL based on the levels of  member retail purchases from FCL. This formula allows us to allocate fairly region-wide gifts of this nature, and was agreed to by all parties.


Our gift will support the Foundations and the work they are doing to provide an environment that offers compassion and support to children and their families during some of the most difficult times in their lives.

This announcement builds on the success of our three year partnership with the Children’s Hospital Foundation of Saskatchewan and the Saskatchewan Roughriders, a partnership that originated from FCL and has been successful because of the imagination of our employees and the commitment of Co-op members and customers. It also comes in the wake of the major new contribution made recently to the Canadian Red Cross in support of region-wide disaster preparation and specific local emergency relief efforts as required.

So why is FCL increasing the amount of money it donates to various organizations in our communities?  For nearly a century, Co-ops have built their reputations on being the local business that cares about people and communities, partnering with others that hold similar values in support of causes that matter to each of us. In the past, FCL has deferred to individual members of the Co-operative Retailing System to handle donations within their communities.

Federated Co-operatives Limited
401 - 22nd Street East
Saskatoon, Saskatchewan
S7K 0H2
Canada
P.O. Box 1050, S7K 3M9
Telephone: (306) 244-3311
Fax: (306) 244-3403
Website: www.coopconnection.ca
Local website: www.pinchercreekcoop.ca
REFINERS WHOLESALERS MANUFACTURERS
Member Owned – Truly Canadian

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