The Prince George Community Foundation makes it easy for you to start a Fund today. These funds are held in perpetuity while the annual returns are distributed as grants or income distribution, providing maximum flexibility in meeting changing community needs and opportunities.
When setting a Fund up with the Prince George Community Foundation there are several different options for how you can set it up.
The primary purpose of this fund is to provide income for charitable purposes that are within the scope of the Foundation's mandate. Therefore, these funds are undesignated with the earned income meeting emerging community needs as directed by the grants committee.
Consider establishing an ongoing legacy with the Foundation in the name of your business or corporation with a minimum initial investment of $10,000. The earned income from your fund can be:
The Community Foundation will work with you directly based on your personal needs.
Consider establishing an ongoing legacy with the Prince George Community Foundation in your family name.
The earned income from your fund can be:
The Prince George Community Foundation offers registered charities in Prince George the opportunity to create Endowment Funds with the Community Foundation. The original investment will be held in perpetuity with the annual returns designated back to your organization or left in the fund to grow.
Consider creating a legacy fund in the name of someone special.
Friends and family can continue this legacy by giving tributes in the form of a donation for a special event or memory.
The Prince George Community Foundation is honoured to invest regional community foundation's funds with the Foundation. Income earned is granted back annually to the local Community. These funds start with an initial investment of $100,000.
Regional communities are eligible to apply for a matching grant through NDIT when establishing their Fund.
We encourage donors to review the following steps prior to establishing a Fund with the Prince George Community Foundation. These questions enable potential donors to solidify their philanthropic goals.
A variety of assets can be used to make charitable gifts, including: Cash, securities, real and Personal Property, life insurance.
Upon receiving your gift, the Prince George Community Foundation will open your fund. The principle donation is invested with our pool of funds for investment purposes and for economies of scale, income and appreciation are returned to the fund for its charitable use. After investment, the Foundation will send you a receipt for your donation. The Foundation assumes all responsibility for government reporting, grant paperwork, auditing and accounting for the established fund.
Once a fund is established, you may add to the fund at any time in any dollar amount. In fact, any donor may add to the fund at any time. If a donor advised fund has been established, you may recommend distributions from their fund to charities, locally or throughout Canada.
To get started, explore a donation option or discuss a situation, contact Mindy today.