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Annual Report: 2019-20 at REFBC

2019-20 annual reportFor our team, 2019-20 was a year of change, challenge, and renewal.

The Real Estate Foundation of BC welcomed a new Chief Executive Officer, moved into a new office, and approved nearly $6 million in grants. In the early months of the coronavirus pandemic, we worked with our partners to adapt our approaches and meet the needs of non-profits and the communities they serve.

While the year did not close as planned, we have much to celebrate and look forward to.

Download our 2019-20 Annual Report

2019-20 Highlights

  • Our Board of Governors approved $5,887,099 in grants for 65 projects. This includes $783,720 for 12 projects led by non-profits that are part of BC’s real estate sector.
  • Our Board also approved $350,000 of impact investments in companies and funds that provide social, environmental, and financial returns.
  • We made progress on commitments to reconciliation with Indigenous peoples through increased grants, staff and board learning, and community visits.
  • During the first months of the COVID-19 pandemic, we worked with the non-profits we fund to provide extra flexibility on payments, deadlines, and funding conditions.
  • We bid a fond farewell to longtime CEO Jack Wong, who retired at the end of March 2020, and welcomed new CEO Mark Gifford.
  • We partnered with other funders to support government-to-government watershed management agreements between First Nations and the Province of BC.
  • Our team moved (two floors down) into a new, office space.

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Published on: June 2, 2020

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