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Did you know?Canadian community foundations manage more than $2.7 billion in assets, a permanent nest egg for Canadian communities.
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Types of Funds |
General FundA donor may leave a gift in any amount to the General (or Community) Fund. Earnings on this fund are used regularly at the discretion of the Foundation directors to support charitable activities in our communities.
Community FundsA very popular way of making a gift to the Foundation is by cash or cheque. This is an attractive method for a donor who has cash available and who wants to make an immediate donation. The Foundation is able to invest the donation immediately to generate income to support community projects. The donor is provided with a receipt for income tax purposes.
Field of Interest FundsA donor may leave a gift in any amount to one of several "field of interest funds." A gift to the Jennifer Phillips Memorial Fund will support children and infants. A gift to the Youth Endowment Fund will support projects for young people.
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There is a Seniors Project Fund; an Administrative Endowment Fund (for people who want to support the work of the Foundation) and funds to support the environment and cancer relief. Grants from earnings on field of interest funds are always made to respect donors’ wishes, but specific projects are chosen at the discretion of the directors.
Designated FundsA donor may wish her/his gift to be managed by the Foundation in the interest of a specific charity. The Foundation currently has funds whose earnings are dedicated to the Shuswap Branch of the BCSPCA, the Shuswap Hospital Foundation and specific scholarship funds.
Agency FundsOften clubs, societies or "agencies" with funds to invest choose the Shuswap Foundation to manage their endowments. They know that the Foundation will invest their money carefully in the interest of the community. We currently manage funds for Okanagan College Foundation, the Salmon Arm College Scholarship Trust Fund, School District No.83, the Shuswap Art Gallery Association, Shuswap District Arts Council, Salmon Arm Museum and Heritage Association and the Shuswap Hospice Society.
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