Region sees $97.3 million in benefits from Trust
Trust releases 2019/20 annual report
Columbia Basin Trust provided $97.3 million for programs, initiatives and capital investments to positively impact the communities and people of the Basin, as released in its 2019/20 Annual Service Plan Report.
This includes $68.6 million in grants, $12.2 million in capital projects to support economic development and broadband infrastructure, along with $9.2 million in business loans and $7.3 million in real estate and commercial investments.
Continued efficient and reliable operations of its jointly owned hydroelectric facilities in the West Kootenay along with investments in real estate and business loans, saw revenues increase to $85.4 million, helping the Trust continue to address the 13 priorities set out in the Columbia Basin Management Plan.
These priorities guide the Trust’s efforts to support communities and were advanced in 2019/20 through 2,157 projects along with the introduction of new programs and initiatives.
“Working with partners and communities, we’ve kept moving forward on the things that the people in the Basin have told us matters to them including affordable housing, childcare and the environment,” said Johnny Strilaeff, Columbia Basin Trust President and CEO. “We are grateful for their vision, support and collaboration over the last 25 years and are deeply appreciative of how we have been able to grow and evolve as we worked together to serve the people and communities in the region.
“Now, as we continue to adapt to the public health challenges of COVID-19, we are looking ahead and asking residents what’s most important to them over the next 18 to 24 months, what matters most to their family, what matters most in their community, and how can we work together to address those priorities.”
The Trust is working on finalizing a short-term strategic plan to determine its focus over the next 18 to 24 months. Residents have until September 11 to provide their feedback online at ourtrust.org/feedback or by phone at 1-800-505-8998. The new plan is expected to be released later in September.
“The past six months have been difficult for communities and residents, but it has also shown how strong and resilient we are as a region,” said Strilaeff. “As an organization, there have been valuable learnings for our staff and Board about how we work with communities in ways that are most meaningful for them. We are looking forward to hearing from residents and incorporating their feedback to develop a short-term plan that is relevant and purposeful as we continue to navigate a challenging and evolving situation together.”
The Trust’s Annual General Meeting will take place online on September 18 from 4 to 5 p.m. PT / 5 to 6 p.m. MT.
We will present highlights of the Trust’s fiscal performance from the 2019/20 Annual Service Plan Report, share progress on our strategic priorities and the development of the new strategic plan. We also welcome your questions and comments. To participate in the AGM, register online.
For 25 years, Columbia Basin Trust has been supporting your ideas and efforts. To learn more about the Trust’s resources and support, visit ourtrust.org or call 1.800.505.8998
Lead image: Columbia Basin Trust provided nearly $100 million for programs, initiatives and capital investments in 2019/20 to support the efforts of Basin communities and residents. Trust graphic
Columbia Basin Trust