How Castaway Wanderers Grew Their Fund to $100K in 8 Years Using $20

How do you make a difference with $20?

The not for profit world is full of organizations in crisis – or finding just enough resources to operate for the rest of the year. And the cycle of raising funds to remain solvent starts again in the next calendar year.

So it is with many rugby clubs, mine, Castaway Wanderers Rugby Football Club was/is no exception. A rough season with income generation and we are in a very tough place. One opportunity to become more fiscally prudent, was sparked for our club through the generosity of a major supporter of the Canadian Rugby Foundation. CWRFC learned that for every new  dollar raised for Canadian rugby and invested with the Canadian Rugby Foundation, this donor would match that with a 25% gift. Great incentive.

In the Spring of 2007, CWRFC launched an initiative that sought a monthly commitment of $20 from members of the club family. This would be permanently vested with the CRF, matched with the 25% mentioned earlier and thus become $300 annually per contributor into this new pooled fund. Tough to do much with the interest on $300 BUT we imagined a growing participation in this initiative and the impact this would have on the fund growth.

Fast forward eight years to Summer, 2015 and this fund that began with 2 investors at $20/month each has just reached $100,000 of vested capital. This is one more step on the path to greater stability and opportunity for our club.

Chris Spicer. Past President. CWRFC. Victoria. BC

About CWRFC

CWRFC has a long, storied history in British Columbia Canada. Their journey dates back over 100 years. The club is the amalgamation of the Oak Bay Wanderers (founded 1912) and the Castaway (founded 1965) Rugby organizations in 1989. The Club proudly displays BC Championship banners from 1999 to 2002, three consecutive seasons of interlock play involving Vancouver Island and Mainland clubs- a feat accomplished by only one other BC Club – and another BC Championship in 2011. Whether it is via Club tours of visiting teams of all ages, the National Senior Men’s Team members, players from coast to coast and internationally, or CW players currently on professional contracts, the Castaway Wanderers name and brand is known across Canada and around the world.

Posted in General News, Newsletter.