Foundation
Questions - MWB Art Smith - 604-374-3257
WM Forman - 604-816-5988
The Vision
The Freemasons Buildings Investment Benevolent Income Fund is a not-for-profit corporation run by a board of directors chosen by the representatives of the Freemasonry buildings in the fund. The sole goal of the Fund is to invest, directly or indirectly, in core Canadian income producing real properties owned and run for the good of BCY Freemasons in accordance with the Fund’s investment objectives.
The fund will raise money from Masons and put those monies into very conservative cash investments to create security that those monies cannot be lost. Once the initial target amount is raised actions can be taken to start saving and helping buildings. Buildings that move into the Fund will have the security of a team effort in running their building, making sure the property taxes are paid, and aid in the very large and intensive process of redevelopment into new modern Freemasonry buildings that any community would be proud to have.
The two buildings looking to join forces to start the Fund are Eureka Lodge in Langley and Dewolf Lodge in Port Coquitlam.
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Financial Goals
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Initial Goals
Annual Dividend
There will be an annual dividend of 5% after the first year, to be automatically re-invested for the 1st 5 years with the goal of the dividend raising to 10% by year 10.
Primary goal: Raise $5,000,000 in the initial push of creating and funding this entity to buy out the $3,500,000 debt on the Eureka Temple Society building and own 73% of the building and then move the DeWolf building in. Complete this by July 1st, 2025. Secondary Goal to reach $15,000,000 raised and have the Eureka building and the Dewolf building being redeveloped and completed in 5 years with commercial and residential units.