Legacies

In creating your legacy, you may chose to designate which organization, area of need, field of interest, or geographic area will benefit from your gift. Or, you may let the Foundation make this decision for you.

Your gift could be to any one of our existing funds, or you may wish to establish a new fund. Discussion with a Foundation board member is recommended before making a final decision, to ensure that maximum tax benefits are achieved and any administrative requirement are identified.

The primary options are:

1. Community Fund - an open, non-designated fund, where the income is used to support worthy projects in the Columbia Valley from Canal Flats to Spillimacheen.
2. Field of Interest Fund - a fund which allows the donor to designate the general area in which earnings are to be used. This may be a specific social interest, such as arts, health, environment, etc., or in a specific geographic area within out foundation region.
3. Donor-Advised Fund - this fund allows the donor to recommend the organization(s) or project(s) that are to receive grants.
4. Named Funds - this type of fund may be named for individual, such as a memorial to a loved one, or as a family fund. Subject to the donor wishes grants may be made from it in accordance with the priorities of the Foundation or in accordance with the wishes of the donor.
5. Flow-through Funds - this category provides the opportunity for the donor to designate that the funds (both principal and interest) are paid out to a specific project within a maximum of two years, rather than become part of a permanent endowment fund.

The total of annual requests to the Foundations for the suppport of the various community projects exceed the amount of granting that we can provide from our investment income. Contributions to flow-through funds are important to extend as much assistance as possiable to those projects in need.