In 1962, the Hechts established The 1945 Foundation, quietly supporting many charitable groups in Vancouver. A particular area of focus was economic education that emphasized the importance of free market principles and the Austrian School of Economics.
Following their deaths – Lotte Hecht died in 1983 and John Hecht in 1988 – the residuals of their estates were bequeathed to the Foundation with the express purpose of continuing to carry out their charitable objectives. Although the Hechts intended that their names not be associated with the Foundation, in 1993 the Directors changed the name of “The 1945 Foundation” to “Lotte and John Hecht Memorial Foundation” as a continuing tribute to their generosity.
In 2019, the Foundation disbursed over $13 million.
The Lotte and John Hecht Memorial Foundation has two major objectives:
- investigation and support of innovative medical research and practices, particularly in the treatment of cancer
- economic education that promotes the principles of a free market and its relationship to individual freedoms.
The foundation has long recognized the importance of protecting and preserving its significant historical properties in Vancouver, BC, with the aim of commemorating the architectural and cultural significance for the benefit of the public.
The foundation also provides support to organizations that provide essential services to the needy in British Columbia, as well as to a few existing charitable organizations that come to the Board’s attention.
Funding for capital projects, endowments, scholarships or bursaries is not available.
Applicants should telephone the Foundation to discuss their project ahead of submitting a proposal. If appropriate, a letter of intent and supporting documents will be requested.
There are three funding cycles each year. Applications will be accepted at any time.