Though the Cortes Island Community Foundation (CICF) only recently came into being, and is currently applying for charitable status. It is already an important voice on Cortes Island. In 2018/2019, CICF partnered with the Cortes Island Seniors Society to raise over $1 million dollars for the housing development widely known as Rainbow Ridge. On September 28th, 2019, the Cortes Foundation brought together more than 50 people from 30 organizations for the first Cortes Social Profit (not-for-profit) sector meeting. On May 12, the Cortes Foundation applied for a $50,000 SRD grant.