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AFY Seeks to Invest in the Francophone Community
Whitehorse, May 9, 2014 - The Association franco-yukonnaise (AFY) is working on establishing a Community Development Fund (AFYCF). Thanks to the sale of the Alexandrin building to the Food Bank last April 30, AFY, for the first time in its history, is in a position to lend financial support to projects aiming to help francophone culture flourish in Yukon.
"The AFY has been working for over 30 years to promoting a strong and dynamic francophone community in Yukon. We're thrilled to have capitalized on the sale of the Alexandrin building as an opportunity to invest in our community and contribute to its vitality," points out AFY president Angélique Bernard.
A committee will soon be formed to define the conditions and criteria for attributing the funds. The committee will notably assist the AFY's Board of Directors in establishing, monitoring and creating a distribution policy for the AFYCF. An investment committee will also be created to ensure, on behalf of the Board of Directors, the sound management of the new fund's financial assets.
In parallel, the Garderie du petit cheval blanc, the Fondation boréale and the Société des immeubles franco-yukonnais (SIFY) will benefit from this transaction: the daycare will be able to conduct the needs analysis required to undertake an expansion; the Fondation boréale will be able to launch a scholarship in recognition of youth community involvement; and the SIFY will be able to maintain an adequate reserve. The amounts remain to be confirmed.
AFY received $750,000 from the Food Bank as an initial down payment. The Association will carry the balance of the mortgage until the Food Bank has paid off the building in its entirety. All details related to the committees and the creation of the AFYCF will be presented at AFY's annual general assembly which will be held Saturday September 27, 2014.
AFY would like to thank all those who helped make this sale possible, members of the joint AFY and Food Bank working committee, the Government of Yukon and its representatives and all those who supported AFY in this venture. AFY wishes the Food Bank success in the projects it pursues.
Official voice and leader in the development of the Yukon French-speaking community since 1982, AFY aims to improve the quality of life of Yukon Francophones.
Source :
Nancy Power
Communications and Community Relations Director
Association franco-yukonnaise (AFY)
(867) 668-2663, ext. 332
communications@afy.yk.ca
Merci au ministère du Tourisme et de la Culture du Yukon, à l’Aurore boréale et aux autres organismes et individus qui nous ont permis d’utiliser leurs photos.
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