B.C. couple sold firm for fortune. With last $92M donation, they've given it all away
CTV
A pair of British Columbia philanthropists are donating the last $92 million from a “windfall” sale of their medical imaging company to the charitable foundation they founded.
British Columbia millionaire Eric Peterson is preparing to do something he's never been comfortable with - ask other very rich people for money.
Peterson and his wife, Christina Munck, have spent the last two decades funding their Tula Foundation through proceeds from the sale of his medical imaging company.
The couple announced the donation of their last $92 million from the sale on Wednesday, and they are now making plans to keep the organization sustainable after that money is gone.
Peterson said in an interview that he envisions having to divide up the foundation's eclectic list of projects to find funding partners for the individual pieces, which range from the Hakai Institute, that researches Canadian coastal ecology, to a branch working on health care in Guatemala.
“I am not very comfortable to go out there and ask for donations. `Give me money. I'm already filthy rich, give me more money.' That's not a very compelling argument, is it?” he said.
“But now that we're saying, 'Look, this is an organization we've given all of our resources to it, we would really appreciate if there are other donors who can help to make this sustainable.”'
Peterson and Munck began the Tula Foundation, named after one of their dogs, after he sold his company, Mitra, for an estimated $300 million in 2001.
Epcor says a chlorinelike smell or taste to Edmonton’s water is the natural result of treating spring runoff and that the water is still safe to drink.
Almost 13 years after the City of Calgary suffered its historic flood, six properties along the city’s Elbow River are now being sold.
Police in Surrey, B.C., are investigating an overnight shooting at a business in the city’s Cloverdale area.
Nearly 15,000 full-time equivalent positions will be cut in federal departments over the next three years, as part of the federal government’s plan to find $60 billion in savings by 2029.
Police in Timmins have released photos of an 18-year-old suspect wanted for shooting a man to death last November.
A crossing guard is being treated for serious injuries after he was struck by a vehicle during the morning commute in Barrhaven.
British Columbia’s river forecaster has rescinded the high streamflow advisories that covered southern parts of the province after heavy rains last week.
It’s an extra long March Break for some students in Nova Scotia following a spring snowfall.
Ontario to seize ownership of Toronto Island Airport lands and declare it is a special economic zone
Premier Doug Ford says the provincial government will be seizing ownership of city-owned lands at Toronto’s Billy Bishop Airport and declaring it a special economic zone, invoking new powers that will allow it to override environmental and other regulations.
Saskatchewan’s highest court has dismissed an appeal in the case of a years-long land dispute between the Village of Buena Vista and local landowners.
A participant in the 18th Annual Montreal Lake Walleye Derby is alleged to have violated derby rules over the weekend.
Three byelections are being held on April 13 and the results could have an impact on both the makeup of Parliament and how long it lasts. Here’s a primer on how things could change.
A member of Manitoba’s government caucus and the first First Nations woman elected to the province’s legislature has died.