A couple of philanthropists from B.C. are giving away the remaining $92 million from the sale of their medical imaging company to the charitable foundation they established.
Eric Peterson explains that the donation with his wife Christina Munck to the Tula Foundation marks the start of transitioning the organization to the next generation and planning for its future.
The Tula Foundation, which is named after one of the couple’s dogs, provides support for various charitable projects, including the Hakai Institute and the Environmental Law Centre at the University of Victoria, both of which focus on coastal ecology and environmental law.
Peterson reveals that they created the foundation after selling their medical imaging company, Mitra, for millions in 2001, and they were advised that it would be foolish to pass away with money still in the bank.
During a press conference in Victoria, he expressed his desire for the foundation to be sustained for many years to come.
The couple has given two parcels of land spanning 22 hectares to the BC Parks Foundation for future integration into the Hakai Luxvbalis Conservancy, which is jointly managed by the province and the Heiltsuk and Wuikinuxv First Nations.
