When Elmira’s Ted Brough opted to retire, he had no idea that the decision would create a legacy fund that would benefit the township he has been deeply involved in for decades.
Brough has worn many hats over the past couple years, from volunteering with the Elmira Sugar Kings to board member of the Woolwich Community Fund (WCF). Among his roles, he has been a dedicated family man and raised four kids.
“We have 11 grandkids and one more on the way – in January it’ll be an even dozen. It’s amazing how that number has grown over the years they just keep adding up,” said Brough with a laugh.
He has worked in the investment industry for more than half a century, beginning at Mu-Cana Investment Counselling, a subsidiary of Mutual Life. He served as president at the company for over a decade before transferring over to The RaeLipskie Partnership based in Waterloo.
He worked there for 22 years before retiring in the spring, prompting the firm to recognize his contribution to both the company and the community. They found the perfect combination through a donation to the Woolwich Community Fund, $1,000 for every year he worked for them.
“We wanted to commemorate Ted who had been an integral part of our company for the past 22 years,” said Brian Lipskie of RaeLipskie Partnership. “I know he’s not the type of person who really felt that he needed a retirement gift or anything like that, so we thought to honour him that way by giving a donation to the Woolwich Community Fund would be appropriate.”
An umbrella group that uses its endowment fund to provide funding to community organizations, WCF supports a variety of causes that rely on volunteers such as Brough.
“This donation on behalf of Ted is a wonderful boost to us, a very generous donation, and certainly is appreciated,” said Grace Sudden of the Woolwich Community Fund. “Ted has been a very committed and long involved in the board and decisions, taking a keen interest in the organizations in the community. It’s a very fitting and generous thing for them to do.”
The Woolwich Community Fund works in partnership with the KW Community Foundation to maximize financial returns and streamline grant applications. Since its inception in 2000, the fund has granted $92,000 to some 30 organizations. Every year, the group reviews its priorities to ensure that they continue to meet the needs of the community. Money is allocated on an application basis.
“We have a focus on youth, and we put that message out. Anybody can apply, but we tell them that the focus is on youth,” said Sudden.
WCF distributes its grants each spring, most recently $11,200 went to programs and projects submitted by Woolwich Community Services, Woolwich Healthy Communities, Strong Start, Crane Lake Discovery Camp to allow Woolwich kids to attend, and the SHORE Centre’s progam at Breslau Public School.