The mission of the Thornhill Heritage Foundation is to:
Own and maintain assets deemed to be of significant heritage, historic, and/or cultural importance, or of major financial value, donated directly to the Foundation, or re-assigned from the Society for the Preservation of Historic Thornhill (also known commonly as The Thornhill Historical Society or often identified as ‘SPOHT’).Establish an Endowment Fund to receive, own and administer financial holdings comprising bequests and/or other capital investments donated to the Foundation (or assigned to it from The Society) and to generate regular income for the Fund in order to maintain the assets owned by the Foundation or to provide the potential for support to projects of The Society or other organization(s) as directed by the Board.
Mandate
The Foundation will:
Own and maintain all heritage, historic, cultural or significant/valuable assets donated to or purchased by the Thornhill Historical Society (the Society).Establish and administer an Endowment fund to manage bequests, currency, testamentary or living trusts or other financial assets donated to the Foundation or through the Society.Review all donations to ensure they meet the objectives of the Foundation with no possible risks and ensure all qualify as a "charitable gift" as defined by the Canada Revenue Agency.Endeavour to acquire a suitable location to house the Society's Archives and Special Collections; maintain the building and property; make it a meeting location for the Society and develop it to become a 'Heritage Centre' to feature ongoing displays of significant heritage records as well as the many artefacts and antiques given to the Society.Provide responsible stewardship of all assets and investments with proper financial records to ensure the highest standards of practice while respecting the wishes of all donors.Operate at all times to achieve the objectives of the Foundation in concert with those of the Society.