Learn the benefits of starting a local or regional Community Foundation or Trust to create a pool of funds that can be utilized to support community projects and maintain the quality of life in your region. Community Foundations are local or regional entities with charitable status and typically carry the capacity to receive donations or bequests in the form of cash, real estate and securities.
5. Community Foundations – what
they are all about
PRESENTED BY
Cindy Lindsay, Director of Member Services, Community Foundations
of Canada
Trevor Forest, Executive Director, Saskatoon Community Foundation
11. We are flexible…
…supporting donors’
different interests & goals
12. named
A personal legacy of giving
funds
Donors can establish a fund in their name, in a
family’s name, or in the name of any person or
organization they wish to honor.
Grants distributed from a donor’s fund are
awarded in the name of their fund. This person or
organization will always be remembered and
linked to good works in our community.
13. tools Charitable funds
for giving
› Unrestricted or Community Fund
Meeting ever-changing community needs
› Field of Interest Fund
Addressing needs in an important area of
community life: arts, AIDS, aging, at-risk youth...
› Designated Fund
Directing gifts to specific agencies or purposes
(e.g., scholarship)
› Donor Advised Fund
Involving donors in the use of their gift
› Agency Endowment Fund
Establishing or managing endowments for local
charities
You can create a named fund
in any of these categories.
14. tools Charitable instruments
for giving
› Outright Gifts
Give cash, stocks, real estate or other assets
› Appreciated Securities
Eliminate capital gains tax by giving to a community
foundation
› Bequests
Designate a portion of an estate
› Life Insurance
Designate a community foundation to receive a
portion or all proceeds from policy
› Charitable Remainder Trust
Trust pays beneficiary for life and then assets
transfer to community foundation
We accept a wide variety of assets.
16. We grant…
…to a broad range of charities
Social Services
Education
Environment
Health
Sports & Recreation
Arts & Culture
Children & Youth
Community Economic
Development
21. Who are we……
• Saskatoon Community Foundation
(SCF)
• Created in 1970, now one of over
180 across Canada
• Assets total over $46,000,000
• Granted over $2,000,000 to local
charities in 2012
• Investment income averaged 7.3%
over the past 10 years
22. Building, Growing Together
A Community Legacy Program
• Support for smaller communities to develop a legacy program
• A Community Legacy Fund can be started for $10,000 within the
SCF
• No start up fees,
• Annual administration charge of 1.5% of the fund value
• Charitable receipt issued by the SCF.
• Annual disbursements (grants from income at the direction of
the local community )
• Funds will be transferred to the local
community foundation if a foundation is
created in the future
(Hamilton – Burlington)
23. Interested? Options to Consider
Local advisory committee raises and
grants funds
SCF provides ‘back-end’
administrative support
Establish Fund with Saskatoon
Community Foundation (SCF)
(do not need to incorporate)
SCF administers and invests local
funds
-handles tax receipting, audit, and
tax filings
Local Community Foundation
-responsible for tracking and
managing all donations, issuing
Incorporate as a public charitable tax receipts, filing
foundation, establish a board of charitable tax return, audit etc.
directors -invest funds
-more hands on /day to day
administration
24. Next Opportunities for
Saskatchewan
Steps Communities
• Explore your community’s interest in creating a
financial legacy
• Consider partnering with the Saskatoon Community
Foundation to create a community fund
• Talk to Community Foundations of Canada: Cindy
Lindsay, 519-725-3353 or email: clindsay@cfc-fcc.ca
• Trevor Forrest: Executive Director, Saskatoon
Community Foundation,
trevor.forrest@saskatooncommunityfoundation.ca
25. Q&A
Please send your questions via the Chat or
Question widget on your dashboard.
26. Stay in Touch
Thank you for joining us!
Verona Thibault
President, SEDA
@saskecdevassoc
@growourregion
verona.thibault@seda.sk.ca
306-384-5817
Editor's Notes
Of course, every donor has different interests and goals [Tell another story that illustrates different donor needs]With a community foundation all that variety can fit comfortably under one roof. That’s one of the things that makes us a bit different.You can use the community foundation to support the arts, or health, or education, or sport, or almost any cause that interests you. You can have an impact with your donation today, and you can plan for it to last into the future as well.Since we began in 19xx, more than xx residents have established funds with our community foundation.
So you can see how we take donors dreams and try to connect them with community needs.Did you know that community foundations are one of the largest supporters of charities across Canada? Together the country’s 175+ community foundations contributed $149 million to local charities last year.It’s our job to support the organizations that make this community tick. Organizations like X, Y and Z. And we support the widest possible range of organizations -- not just one sector or one population or one interest. So if the community has recreational needs or environmental concerns or youth unemployment issues we can be – and are - there to helpWe focus on the entire community. We see the community as a whole and we support it as a whole.
Our third role in the community is all about the big picture Because as we are working with, and providing grants to, a wide array of local charities, we learn a lot about our community -- about its needs, its strengths, its opportunities, its organizations and leaders.Because we deal with so many grassroots organizations, so many committed volunteers and community leaders in every field, we have a unique opportunity to get a bird’s eye view of the community. We see the connections, the similarities and the opportunities: Here in [community] for example, we work with community partners to xxxxxxxxxxxxx [your examples like Vital Signs, promote poverty reduction, plan for green growth etc.]
Fast forward to today and the passion for community that William and Alice shared is still alive and well and thriving in communities all across Canada – including ours.They both wanted to build something permanent for their communities – something that would last. And other communities saw the wisdom in this and followed their example.Today there are more than 175 community foundations all across Canada including your neighbours in Guelph/Wellington, Grey/Bruce, So our community foundations have more than 90 years of experience behind us and a national network that connects us coast to coast with other communities.It’s also worth mentioning that 90 years later William Alloway’s gift is still supporting community organizations in Winnipeg and Alice’s is still supporting charities in VancouverThat’s because they both created endowed funds where the principle grows over time, and the interest is used for granting every year.Their gifts will support the causes they cared about – forever.