Benefits for Your Clients
Following are some advantages to using the Community Foundation that will be of particular interest to your clients:
The donor can help strengthen the Comox Valley for decades to come regardless of how the needs and opportunities in the community evolve.
Neutral Broker: The Comox Valley Community Foundation is not the object of donors’ philanthropy but provides the vehicle to fulfill their charitable objectives. Thus, the Community Foundation is not competitive but develops its assets for, and in cooperation with, all the charitable causes that go to make up the community’s quality of life. The Community Foundation’s role is as a neutral broker in support of other charities.
Several charitable organizations or causes can be provided for with a single gift.
Donors Have A Broad Range of Choices: The Community Foundation allows donors to make a current or deferred gift to one or more charities or a cause such as children or the arts or even the community in general.The Community Foundation can also make arrangements should donors wish to support a particular organization but only for a specific period of time. For example, the ABC Family Fund earnings can be directed to support the JKL organization for 10 years. After that time, the fund could become unrestricted with the CVCF Board assuming the responsibility to make grants to new and emerging causes so as to enrich life in the Comox Valley.
A charity can also be given a permanent source of income in a fund under its name to which others can contribute.
Endowing A Charity: As a service, the Community Foundation can manage the endowment funds of other charitable organizations. This donor choice is a benefit to the charity in that it provides for professional investment management, guarantees permanence, pools the funds with others for cost efficiency and participation in a broad portfolio with improved prospects for investment performance. In addition, also relieves the charity of an administrative burden.)
During the donor’s lifetime, he/she can alter the charitable purposes of the gift.
The donor can rest assured that the fund will be professionally managed even if the designated beneficiary may not have financial expertise.
The donor can be confident that after his/her lifetime, his/her specified cause or organization will be appropriately varied if it ceases to be viable or to serve a useful purpose
The donor can rest assured that the fund will remain intact in perpetuity.
Guarantee of Perpetuity and Perpetual Relevance: Donations are retained, pooled with other funds for investment purposes, protected from inflationary erosion, and the net earnings disbursed annually in support of the community, organization(s) and/or cause(s) specified by the donor. Should the organization or cause close or become defunct, our promise is that the Comox Valley Community Foundation Board will ensures the earnings are redirected to a need as close as possible to the original purpose.
The donor can remain anonymous.
Preserve Anonymity: In what may be a particularly Canadian phenomenon, many donors, especially those who give large amounts, prefer to have no public acknowledgement, especially during their lifetime. By giving through the Comox Valley Community Foundation, they are anonymous to the public and, if requested, to the ultimate recipients of their philanthropy.)