Create an Endowed Fund
All donations to Community Foundation Grey Bruce are assigned to one or more endowed funds as directed by the donor.
Each endowed fund is pooled with other endowments, then invested together to ensure the highest rate of return as possible. Donors have the option of setting up their own named endowed fund which can support their favourite cause in perpetuity. A minimum of $5,000 is required to create an endowed fund; the fund needs to reach $25,000 in order to be able to grant its earned income.
An endowment is a fund that holds its principal in perpetuity and is invested to generate income to be spent for a specific purpose; in this case to support non-profit organizations to improve the quality of life in Grey and Bruce Counties
Endowment investments have dual goals: to grow the principal and to generate an ongoing source of income. Because a permanent endowment is an invested pool of money that provides a reliable source of income in perpetuity, the organization can count on annual distributions for its charitable work. Community Foundation Grey Bruce awards grants from the annual distribution to non-profit organizations who in turn provide projects and programs to benefit people of this region. Annual distributions are never taken from the principal. The endowment can also grow over time with additional gifts from multiple donors.
The Foundation staff is happy to assist in creating an endowed fund specific to your wishes. Whether it supports your favourite charity, assists with providing unrestricted grants for community betterment or provides scholarships, bursaries or awards for Grey Bruce students, the fund will reflect your passion for your community.
Contact the Foundation to learn more about Endowed funds or phone 519-371-7203
View the listing of Endowed Funds that others have created through Community Foundation Grey Bruce