Options - Monday, May 3, 2010 17:02

Options

Setting up a fund is simple. We offer different types of Funds to match a donor’s personal, financial and philanthropic goals. We encourage the use of endowment funds as they are permanent and provide for both a lasting legacy and organizational sustainability. However, other, shorter term fund options are available. Please read below for more information.

With a minimum donation of $10,000 over a period of three years, a fund can be established on your behalf, which may be named after yourself, a family or family member, a company or a valued friend. Funds may also be named for a particular community or region in Orillia & area, or for a particular purpose, cause or project. 

The following are the most common types of funds for donors to choose from:

Unrestricted Funds. You can use your gift to meet ever-changing community needs – including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being – arts and culture, education, environment, health and social services, youth, and more. The flexibility of your unrestricted gift makes it possible to respond to the community’s most pressing needs, today and tomorrow.
PDF – Unrestricted Fund

Field of Interest Funds. You can target your gift to address needs in an important area of community life. The arts. AIDS. Aging. At-risk youth. You identify your personal interest area when making your gift; our board awards grants to community groups and programs that are making a difference in the area you select.
PDF – Field of Interest Fund

Designated Funds. You can direct your gift to a specific charity or issue area.  Help provide ongoing funding for a senior centre, museum, your church, or virtually any nonprofit charitable organization. You identify the recipient you wish to benefit through your gift; our staff manages the annual distribution of funds.
PDF – Designated Fund

Donor Advised Funds. You can have ongoing involvement in the use of your gift. You work with our professional grantmaking staff, identifying ways to use dollars from your Donor Advised Fund to address the issues and needs you care about most. Your recommendations are submitted to our board for approval; we then distribute grant dollars.
PDF – Donor Advised Fund

Agency Endowment Funds. An attractive option for local charities that currently manage, or are interested in establishing their own endowment fund. An Agency Endowment Fund through your local community foundation makes it easy and efficient to create and manage a permanent endowment for your organization. You build the fund. We take care of the rest.
PDF – Endowment Fund

Scholarship Funds. You can invest in your community’s future and show students you care. Your community foundation provides the expertise to help you meet your personal goals and awards scholarships to deserving students. Your gift can help students – from preschool to postgraduate – achieve their lifetime dreams.
PDF – Scholarship Fund
For more information on each of these options, please contact The Community Foundation of Orillia & Area at 705.259.1163 or info@communityfoundationorillia.ca.