Keith Owen was a Canadian Investment banker who had relatives in Sidmouth. On a visit to Sidmouth in May 2007, he discovered that he had a terminal illness with only months to live.
He contacted the Association to tell us that he wished to place his life savings into the care of the SVA so that the income could be used as a permanent endowment for the benefit of the people and organisations in the Sid valley.
Thus was established the Keith Owen fund, with a then capital of £2.256m. The income generated, (some £150,000pa), is administered through the SVA. The fund has increased its capital considerably since that time.
The KOF grants committee considers every application received and makes its recommendation to award grants based on the wishes of Keith Owen, and agreed with the SVA. These recommendations are reviewed by the SVA Executive committee.
In the valley of the River Sid in East Devon and its environs, to:-