On May 23, 2017 the Thunder Bay Community Auditorium Foundation officially partnered with the Thunder Bay Community Foundation. The Auditorium Foundation is an organization that helps under privileged youth experience arts and culture at the Community Auditorium through their fill the seats initiative as well as provides the Community Auditorium with financial support and sponsorships for special activities such as Bluesfest. The Community Foundation provides support to local charities though grants and professional services as well as scholarships and bursaries to local students in Thunder Bay and the District of Thunder Bay.
This partnership will provide the Auditorium Foundation with several advantages including day to day monitoring of their financial portfolio with better fund investment growth due to the inclusion with the Community Foundation’s portfolio of over $10 million; a secure future for our finances knowing that if some day their volunteer board no longer exists, that the Auditorium Foundation funds accumulated over the past 30 years will always be protected in both an Agency Endowed and Non-Endowed Fund; more opportunities to be considered for Legacy Gifts; access to a professional administration team for marketing and promoting the Auditorium Foundation; improved networking with a myriad of other community charitable partners already in the Community Foundation thus allowing even more opportunities to bring the Auditorium experience to youth in Thunder Bay who might not ever experience the magic of a live performance in one of North Americas finest concert halls. This partnership will also allow Community Auditorium Foundation to focus more on their governance, promoting and delivering our Fill the Seats initiative, and working on fundraising strategies to provide the Community Auditorium with needed financial support.
“Like many small, volunteer arts foundations, we struggle to raise funds for our mandate. There is great competition in this city for donations against larger, professionally staffed health and education foundations. We worry about a secure future for our foundation and its board members. With this in mind, our board made the decision to join the family of community foundations under the safe and welcoming umbrella that is The Thunder Bay Community Foundation. To say we are thrilled with this merger is an understatement….it is a perfect fit for our mandate and our future.” Said Auditorium Foundation Board of Trustees Susan Lester.
“We are excited to welcome the Auditorium Foundation to the Community Foundation family. Providing them with support will be an overall benefit to our community and will help ensure the popularity of the Arts and Entertainment industry remains strong going into the future through our local youth” said Community Foundation Executive Director Bonnie Moore.