The Community
Foundation works closely with individuals, their professional
advisors and businesses to facilitate charitable giving.
One of the many ways donors can support their community
is by establishing a fund within the Foundation. Setting
up a fund at the Community Foundation is actually very simple
and straightforward.
Establishing
a fund at the Foundation is an excellent alternative to
creating a private foundation, cutting down on expensive
overhead costs and benefiting from the Foundation's qualified
and trusted investment team.
The Community
Foundation of Greater Kingston offers many different types
of Funds, each designed to offer something different to
our donors to suit their philanthropic objectives the way
they wish.
If you are
interested in establishing a fund at the Community Foundation,
please contact Executive Director Glenn Stresman by phone
at 613.546.9696 or by email at ed@cfgk.org
to determine what kind of fund meets your wishes best.
Community
Funds are endowed funds made up of gifts of all sizes. Unrestricted
gifts allow the Foundation to respond with the greatest
flexibility to our community's needs and changing priorities.
The interest from your gift - much like a permanent community
savings account - provides the venture capital to address
long-term problems and solutions; to respond to new and
emerging needs; to promote excellence; and to support the
Foundation's eight grantmaking sectors. A dedicated and
experienced Grants Selection Team works closely with local
organizations and advisors to recommend grants that will
have a lasting impact.
Donor Advised
Funds give donors the chance to participate in the grantmaking
process. Working closely with the Foundation's staff and
Board of Directors, donors may identify and recommend specific
charitable organizations they want to see benefit from their
fund.
Donor Designated
Funds allow donors to name one or more charitable organizations
to benefit from the income generated by the fund as listed
in the Agreement. This allows donors to choose their favourite
registered charities and provide a lasting gift.
Field of Interest
Funds let donors specify a field of interest to be supported
without naming individual charities. By defining the charitable
field, grants from these funds benefit the donor's areas
of interest while continuing to be adaptable to best serve
the community's needs. Grants are awarded by the Foundation's
dedicated Grant Selection Team.
Memorial Funds
may be established in the form of any one of the above fund
types in the memory of an individual or family. The grants
awarded may be unrestricted to adapt to the communities
needs, advised by one or more people or designated to the
donor's favourite charity or interest. Often, these funds
are established with larger gifts coupled with smaller donations
received in response to obituary notices.
Scholarship
Funds are established in the name of the donor or in honour
of an individual or business, and are used to support the
educational costs of deserving students.
Agency Endowment
Funds are established to support specific organizations,
allowing them to benefit from the long-term stability of
an endowment fund and the Foundation's investment expertise.
More about Agency Endowment Funds can be found here
in our Grantseekers section.
