Donor Fund Options: Living & Testamentary
Named Fund within the Community Fund
Donors place no restrictions on the use of the contributions
and entrust the Calgary Foundation with the task of identifying community priorities and the charitable organizations
best able to meet them.
Field of Interest Fund
Donors can direct their charitable giving to a general area of interest. The Calgary
Foundation makes grants to the charitable organizations best able to meet needs
in the chosen field.
Donor Advised Fund
Donors are actively
involved in recommending support for organizations and causes that matter
to them. Family succession is extended
to two consecutive generations beyond Founding Donors.
Donor Designated Fund
Established to support specific charitable organizations. If a designated organization merges or ceases
to exist, the annual distributions are redirected to the successor entity, failing
which to an organization with a similar mission.
Donors can establish a Fund to receive a bequest left in their Will(s) to the
Calgary Foundation. Direction provided
may be amended by the Founding Donors during their lifetime.
Memorial Tribute Funds
Created by donors to commemorate a person, family or important event. Initially, these
Funds are deemed ‘Donor Advised Flow Through’ until the family’s readiness to confirm
direction and structure after which the relevant documentation is formalized.
Student Award Funds
- Designated Student Award Fund: Donors
establish a Fund designated to a specific educational institution that selects
deserving individuals pursuing education or training.
- Donor Advised Student
Award Fund: Calgary Foundation administers the Fund by
creating and distributing applications and disbursing funds to the institution
the selected recipient is attending.
Other than the
Memorial Tribute Funds, ALL of the Fund options above constitute a structure
that aligns with the Calgary Foundation’s mission to build a permanent
endowment. A “permanent” endowment is a
structure whereby all capital contributions are held in perpetuity and the
annual spending requirement (disbursement quota) are made available as grants.
Alternative Fund terms are also available.