When you create a Fund at the Oakville Community Foundation you are becoming part of our community. Quite literally, a voting member of the Foundation. You will be invited to our AGM and help the Foundation make key decisions in how we go about creating a better town for everyone that calls Oakville home. Not to mention, you will have access to our deep community knowledge, be among the first to know about collaborative giving opportunities, and learn about new ways to amplify your giving.
Please note that all dollars contributed to your Fund are eligible for a Charitable Tax Receipt.
Step 1. Start your Fund All at Once or Over Time
There are a couple of options when creating your Fund. It can be done with one initial gift or over time by making regular contributions. We can establish a schedule that works for your family. Ask us about setting up a Fund through a monthly giving plan.
Step 2. Choosing The Fund That’s Best for You
We have two different Fund types available for you. No matter which one you select you will become a member of The Foundation with all the benefits listed above.
Donor Advised Fund
Starting at $20,000 this Fund functions much like a private foundation. The initial gift invested in our Endowment Fund begins to grow. Every year there will be granting dollars available that you can direct to any registered charity in Canada. With a Donor Advised Fund you can decide just how active you want to be. We can help you totally automate your giving and keep it totally anonymous or we assist you in taking your giving to the next level, providing granting research around your passions, engagement with charities, and total freedom to grant to Canadian charities.
Starting at $2,500, establishing a Named Community Fund is a way of pooling your charitable dollars to support the long-term vitality of our community. This Fund directly invests in programs that align with our Vital Signs and Creating Vital Solutions work that strengthens the quality of life in our local area. You get to choose the causes that matter to you and direct your annual giving to one of our Community Funds programs.
Step 3. Fund Your Fund
A charitable Fund can be created using cash, securities, life insurance, or other assets. If you have a question about particular types of additional assets that can be used to establish a Fund please don’t hesitate to get in touch.
Funds can be established over time. Ask us about setting up a Fund through a monthly giving plan.
If you’re wanting to leave a gift in your Will, here is some helpful Sample Language for your Will to share with your Lawyer.
Step 4. Name your Fund
This is a great opportunity to encourage philanthropy in your family for generations to come.
Many people name their Fund in Memoriam of a passed loved one or after their family name. Whatever name you choose for your Fund, it should be special to you.
If you have more questions or are ready to get your Fund started, get in touch.