Creating an endowment fund for your registered charitable organization through the Community Foundation has many advantages.
One of biggest advantages is the ability to achieve greater returns on your organization’s investments due to the diversification and size of the pooled resources the Foundation manages.
Many charitable organizations have also found that because the Foundation has the expertise and mechanisms in place, their own boards, staff and members are able to better focus on strengthening their core business.
In addition, because the funds managed by the Foundation all share in the cost of administration, the benefits and efficiencies provide a win/win situation for everyone.
As the capital in an endowment fund is never spent and the funds generate revenue forever, organizations have the ability to protect their investment and help build upon it so that it has the potential to provide stability and better planning for the future.
There are a number of ways that an organization can set the parameters for the management of their fund. It can be dedicated to a specific cause, field of interest or on an annual basis the organization can provide direction as to how the income earned from their fund should be disbursed.
Currently the Comox Valley Community Foundation holds and administers over 70 individual charitable and pooled funds. Since 1998 the Foundation has disbursed over 1.2 million dollars in grants to support local charitable organizations.
To find out more about the Comox Valley Community Foundation and how it can help your organization, visit the Foundation’s website at … www.cvcfoundation.org
