Established by an Act of the B.C. Legislature in 1992, the Coquitlam Foundation is a registered charity which provides a vehicle for compassionate citizens to build enduring legacies; gifts that keep on giving to their community in perpetuity.

In November of 1991 Norm Cook (Secretary) introduced the concept of a Community Foundation for Coquitlam to Gordon Fulton (Chair). The two concluded that it was a very valuable project and set out to find others who might be interested in starting a Community Foundation. The ‘Original 6’ consisted of Bill Brown, Brian Canfield, Norm Cook, Ted Nikiforuk (Treasurer), Larry Rose and Gordon Fulton (CHair). The first meeting took place on January 15, 1992. The Board was originally volunteer-based. But in 2008, the level of the Foundation's activity necessitated the move to a model with staffing.

Since 1992, visionary donors have built the foundation into a growing endowment that helps local individuals and non-profit organizations meet community needs. As an endowment, the capital is retained and earnings on funds are generated for the benefit of the community.