Usually, a person leaves behind an inheritance for the benefit of others, but it’s not often an organization does.
That’s just what the Freemasons Lodge in the Greater Sudbury community of Capreol has done.
The Lodge is winding down, and chose to donate its remaining funds of $22,000 to the Cambrian College Foundation. With the funds, the Foundation will create a bursary for a student in need. This bursary will be turned into an endowment, with the interest paid out annually to the recipient of the bursary.
“So many of our members either attended Cambrian College or have children and even grandchildren who went to Cambrian, so it seemed like just the right place to donate,” said Keith Jordan, secretary of the Freemasons National Lodge 588 in Capreol, in a press release from Cambrian.
“We wanted to make sure we left a lasting legacy for all of our members after the Lodge closed. This bursary will ensure that students with ties to our area, who are in need, will get the support they require to succeed at college.”
In addition to this donation, the Cambrian College Foundation will add $5,000 from its Gift Matching Program, a fund made up of donations designated toward boosting fundraising efforts. This brings the total amount of the new bursary to $27,000.
“We are so grateful to have such strong local supporters,” said Brandi Brathwaite, director of development and alumni at Cambrian College. “This gift is a testament to Lodge 588. The generosity they have shown today will have such a positive effect on so many students. It is an amazing legacy to leave.”
For more information or to donate to the Cambrian Foundation, visit this website.