Charity Legacy Funds
A sustainable and enduring source of operational funding that continues to grow over time.
Legacy (endowed) funds are the single greatest tool for a charity to build financial sustainability for decades to come. The Community Foundation is proud to serve as a trusted and accountable third-party to administer Legacy Funds for local charities. Donations and contributions to the Fund are forever protected, responsibly invested as part of our asset pool, and each year, a portion of the investment earnings are granted back to your organization. For charities, the Legacy Fund becomes a transformative source of sustainable and predictable operational funding that allows programs to grow, new staff to be hired, and organizations to continue impacting our community into the future.
When we launched our new Facilities Legacy Fund last year to plan for our future, the matching program had a tremendous impact. A Legacy Fund is a gift that keeps giving and seeing an immediate boost through this program was monumental. Having annual disbursements that you can rely on year over year in perpetuity can be transformational for organizations, allowing us to make long-term plans and focus on delivering on our mission, and I’m excited to see how this generous program will amplify the impact of donations across our community.
John Hampton
Executive Director, MacKenzie Art Gallery
The Anne Luke Legacy Fund was created in memory of Anne Luke, founder of the Regina Early Learning Centre. “We wanted to find a way to let her legacy live on,” explained current Executive Director, Monica Totton, “so that we remember our roots and can continue to sustain the values and programming that she felt was of so much need.” The Legacy Fund keeps Anne’s name and vision alive and provides sustainable funding for operations and programming. For former Executive Director Mary Ann McGrath, the Community Foundation is “the perfect partner for the Early Learning Centre’s Endowed Fund.”
The Gravelbourg Co-Cathedral Fund was established to secure a sustainable future for the community’s incredible infrastructure and cultural history. “Our grandparents gave us this wonderful church for us to look after,” shared André Moquin, Chair of the Co-Cathedral Preservation Fund. The group chose to partner with the Community Foundation to preserve the Co-Cathedral for generations to come, noting that the Community Foundation “has investment expertise and their returns are phenomenal.”
The DEK All Nations’ Healing Hospital Foundation Fund was established after an anonymous donor came forward with a major gift to thank the hospital for the care they had received. “They help us grow our Fund and leave legacies behind,” said Tribal Chief Jeremy Fourhorns. The Legacy Fund allows for the recruitment of physicians, purchase of new equipment, and services for the benefit of all patients and the Fort Qu’Appelle community.
Ready to get started?
Charity Partnership Booklet: Empowering Your Impact
Report on Investment Results
With an Initial One-Time Donation
of $10,000 to Your
Legacy Fund...
After
First Year
Total Grant
Amount
$350
Fund Balance
$10,193
After
10 Years
Total Grant
Amount
$3,820
Fund Balance
$12,107
After
20 Years
Total Grant
Amount
$8,445
Fund Balance
$14,657
After
50 Years
Total Grant
Amount
$29,029
Fund Balance
$26,008
After
100 Years
Total Grant
Amount
$104,528
Fund Balance
$67,640
Take Advantage of Donation Matching Programs
Take Advantage of Donation Matching Programs
Charity Fund Matching Program
Thanks to the generous gift of an anonymous donor, the Community Foundation is able to support the long-term sustainability of local organizations through the growth of Legacy (Endowed) Funds. For every dollar contributed to a charity’s Legacy Fund held at the Community Foundation, we will contribute an additional 10% on a quarterly basis (up to $50,000 annually).
Canada Cultural Investment Fund
The Endowment Incentive Component of the Canada Cultural Investment Fund (CCIF) encourages donors to contribute to Legacy (Endowed) Funds for eligible non-profit professional arts organizations. The Canadian Heritage program provides up to dollar-for-dollar matching on private donations into approved Legacy (Endowed) Funds.
Charity Legacy Stories
Getting Started is Easy
1. Connect with us
Start a conversation with our team about the different fund types available to you, as well as the purpose of your fund. We’re always happy to present at Finance Committees and Board Meetings if your organization is wanting more information.
2. Board motion
The Board Motion documents the intentions of your organization to establish a fund or multiple funds with the Community Foundation. Suggested text for the Board Motion can be found below:
[Legal Name of Organization] wishes to establish [Type of Fund or Funds] at the South Saskatchewan Community Foundation to support the operations of [Legal Name of Organization]. We approve of and authorize [Name, Title] to finalize the terms of the agreement(s) with the South Saskatchewan Community Foundation.
3. Fund establishment
Our team will work with you to finalize the agreement(s), including the name of your Fund, your Fund purpose, and the value of your initial contribution. Once signed by all parties, we will start building your Fund webpage, setting up an online donation page, and giving you access to the Fund Portal.
Did you know we are one of seven Community Foundations within Saskatchewan?
Building partnerships, sharing ideas and working together for Saskatchewan communities. Large or small, we all support building community right where you live. Check out some of the wonderful impact that these foundations do within their communities!
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If you have any questions on how we can help empower your organization's impact, please feel free to reach out to our Community Engagement expert!
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