TEG Master Partnership, a group affiliated with Vancouver-based real investment management company The England Group, will donate $3.6 million to the BC New Hope Recovery Society’s Baldy Hughes therapeutic community and farm.
The farm, which is situated 30 km from Prince George, is a residence for men in treatment for substance-use disorders.
“This donation—officially received in December 2014—will rank as one of the largest single corporate charitable donations made in B.C. in recent memory,” the recovery society said in a press release. “It is a compelling story of investors embracing the ‘1% for the planet’ credo, empowering us all to drive positive change.”
TEG Master Partnership consists of 3,200 investors across the province. Each investor has an ownership interest in a real estate portfolio that includes 12 multi-family residential apartment complexes in Texas. The group agreed to sell the portfolio in December 2014 and donate 1% of the gross proceeds to the B.C. charity.
The official donation announcement will take place at the Baldy Hughes Legacy Endowment Fund celebration November 26 at the Fairmont Hotel Vancouver.
