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"Mortgages For A Cause"TM

A monthly charitable donation campaign: May 2010 to April 2011

Year Two, May 2011

I launched Mortgages for a Cause 12 months ago. The plan was simple: to donate $100 for every mortgage I completed to a deserving charity or cause.

A different charity was selected for each month; the choice based on feedback and input from my clients, associates, and colleagues.

Immediately, the three principals of my office: The Mortgage Centre – City Wide in Vancouver; Wayne Mah, Thomas Phillips, and Shaun Zipursky, committed to matching this monthly donation for the year.

Thanks to their help, we raised $12,400.

Not a lot of money in the grand scheme of things, I know, but you have to start somewhere.

I am grateful to Wayne, Tom, and Shaun for their kind participation and great support for this initiative.

A couple of rules were put in place:

  • The funds went to the selected cause or charity each month, with no deductions whatsoever.
  • I did not accept donations from others who said “I’d like to contribute.” While I was grateful for these offers, I am a mortgage broker and planner and not a fundraiser, per se. So I explained that I wanted to raise awareness for some worthy causes, contribute a little, but that it would be better if these potential contributors did so directly with the charity in question.

I would like to sincerely thank all of you for your support and encouragement.

For the Coming Year

For the coming year, beginning May 1st, I am adopting a new approach. In collaboration with Capital West Mortgages of Vancouver, my office is about to launch a charitable foundation named: The SPIRIT Foundation.

Having a foundation in place will allow us to approach things in a more flexible way, with the freedom to make use of the funds contributed in a number of different ways.

For instance, we will not necessarily have a new charity each month, but will be able to attend to particular needs as we see fit. So, it could be that one cause might be supported for 2 or 3 months, or the money could be shared so that an on-going portion might be available for a longer period in a particular situation.

I am delighted with this because: it involves two offices; it is being launched with a generous cash contribution; and, it allows me the freedom to continue to make my own contributions to the foundation, through “Mortgages for a Cause” on a monthly basis.

I have always tended towards supporting local, smaller, hands-on charities. Ones in which the money goes directly to where it can do the most good. This will not change.

I will keep you posted on our results for the coming 12 months, but the updates will be as needed instead of each month as it was last year.

Once again, all monies contributed will directly to the cause or charity, with no deductions whatsoever.

On behalf of the 12 charities of last year, my sincere thanks, for your support, and please continue to send me your suggestions as to charities or causes you would like to see supported!


Dara Fahy A.M.P.
Mortgage Planner, Broker and Advisor


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