A generous trust fund that has been managed by the Rotary Club of Trail for over 26 years is being turned over to the LeRoi Foundation.
“Club members felt the LeRoi Foundation is able to more effectively administer the fund for the benefit of the community,” said Rotary president Richard Fish.
The Erickson Trust was established in 1992 after Rotarian Carl Eric Gustav Erickson bequeathed $69,000 for the “benefit of the club’s senior citizens’ home project and for crippled children.”
At that time, Rotary was heavily involved with the Villa in Shaver’s Bench, Jubilee Manor and (with Trail’s Kiwanis Club) Kiro Manor. Through the years, the term “crippled children” was morphed into any condition suffered by children with special needs.
The fund continued to grow over the years, ending up with more money than the original bequest. Club members voted to maintain the principle amount of the trust, spending only interest earned on the money. Hence, through the years, the Erickson Trust donated thousands of dollars for a number of local initiatives such as a new sprinkling system for Jubilee Manor, a van for Kootenay Boundary Regional Hospital, the Anglican Church’s wheelchair lift, computers and software for special needs people at Trail Association for Community Living, and the roof fund for Sanctuary.
At the end of 2018, the trust was left with $71,411 and the club decided it was time to transfer the funds to the LeRoi Foundation.
“Now the money will be put to work in a more systematic way for the benefit of the community,” Fish added.
“This endowed fund will grow with further contributions, and the interest will support local projects with preference being given to supporting projects for seniors housing and disadvantaged children and youth.”