Types Of Donor Funds
SMART & CARING COMMUNITIES FUND
The community fund permits the South Saskatchewan Community Foundation to decide where the income can be used most effectively each year to meet community needs.
FIELD OF INTEREST FUNDS
The donor directs the earnings from a fund to a particular area of interest: health, performing arts, recreation, culture, youth, seniors, heritage, education, neighbourhoods, and other special needs.
The donor has specified one or more charitable organizations to be perpetual beneficiaries of the annual income.
FLOW THROUGH FUNDS
The Flow Through Funds are non-permanent funds established when a donor wishes to keep their gifting simple but wanting some (or all) of their gift to go to a designated charitable organization.
A charity that wishes to establish its own Endowment Fund but does not have the resources to administer and invest it may wish to establish an Agency Endowment Fund with the SSCF. The aggregation of funds within the SSCF increases the prospect of an enhanced investment return and contributes to reducing the investment management fee rate.
The fund is established to honour a person or family. The fund may be established within the Smart & Caring Communites Fund, a Field of Interest Fund, a Designated Fund or as a Donor Advised Fund.
DONOR ADVISED FUNDS
The donor retains the right to advise the SSCF which charitable organizations are to benefit from the Fund’s earnings each year. The charitable organization must be recognized as a Qualified Donee under the Federal Income Tax Act.
Examples of Family Funds set up as “Foundations” within the South Saskatchewan Community Foundation
DRS LEWIS and ELISABETH BRANDT FOUNDATION
This was set up during their lifetime and they made the decisions annually on which registered charitable causes would receive the eligible earnings. After their lifetime they have a set number of charities that will receive amounts according to a formula.
DONALD and CLAIRE KRAMER FOUNDATION
After being advised annually the amount of earnings the Kramer Foundation has to distribute, the SSCF is advised of the registered charities/causes they wish to support.
AN ANONYMOUS FOUNDATION
These individuals determine which registered charitable causes they wish to support and give instructions according to the eligible earnings.
A charitable gift that grows and continues during and beyond your lifetime that impacts your community in a positive way. This is what happens when you donate to your fund in the South Saskatchewan Community Foundation.
Make the most of your giving
YOU CAN MAKE A DIFFERENCE