historical activities of the foundation
An initial two-year debt reduction campaign carried out in 1985 raised over $300,000 and was a major component in the drive to eliminate the debt and allow King’s to go forward in planning its future with new and expanded programs and a new campus.
This successful fundraising effort led to other initiatives, first among them the effort to help reduce the mortgage on the student residence building in downtown Edmonton, purchased in 1987. After the move to the new campus, this building was sold.
The most ambitious and challenging undertaking by the Foundation was the new campus capital campaign called Facing New Challenges. It had the objective of raising $10 million in gifts and pledges from King’s supporting community over a five‑year period. This objective in gifts and RRSP investments was met in December of 1996.
The Foundation became Contributors’ Agent of The King’s Group Retirement Savings Plan registered with Revenue Canada. Established in February 1992, the plan currently has more than 425 plan holders and more than $10.5 million in investments which are used to replace bank financing of the campus. When the Trustee of the Plan was changed in 1995, the Foundation relinquished this role.
In 1995, a special 10th anniversary project was undertaken. Members raised $30,000 to purchase a 15‑passenger Dodge van for King’s to transport students, faculty, and goods. (This vehicle has since been sold and found its way to serve in mission work in Guatemala!)
The Foundation provides a number of bursaries and scholarships worth up to $14,000 total annually to full‑time students who show Christian commitment, have good academic standing, and demonstrate financial need. It also manages five endowments established by its members.