City Approves Garry Theatre Endowment with Community Foundation
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Description
The City of Selkirk approved an endowment agreement with the Selkirk & District Community Foundation and authorized an initial $10,000 investment to support the long-term operations and programming of the Garry Theatre. Council also approved related fundraising efforts and granted signing authority for the agreement.
Contract Details
Contract Amount
$10,000 founding investment (plus ongoing donations)
Vendor
SELKIRK & DISTRICT COMMUNITY FOUNDATION
Agency
City of Selkirk, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
August 5, 2025
Contract Term
Perpetual (endowment fund; matures after 3 years)
Renewal Info
Perpetual fund; agreement amendments require mutual consent, but changes to fund purpose require a plebiscite. Annual distributions begin after a 3-year maturation.
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