Keyano Foundation votes to dissolve

July 7, 2021
Keyano College’s Keyano Foundation has voted to dissolve, reports Fort McMurray Today. The decision reportedly follows recent federal tax code changes that allow postsecondary institutions to have a more direct fundraising role. “Over the years, revenues from gaming activities have dropped sharply, no longer permitting the foundation to be sustainable as a separate and independent entity,” said Keyano spokesperson Rebecca Jones. “There are very few post-secondary institutions in Alberta with active foundations.” Funds held by the foundation will be transferred to Keyano to be used for their intended purposes. Fort McMurray Today (AB)