When you create a Fund at the Oakville Community Foundation you are becoming part of our community.
Quite literally. You are now 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 who lives here. You will also have access to our deep community knowledge and will be among the first to know about collaborative giving opportunities.
*Please note that all dollars contributed to your Fund are eligible for a Charitable Tax Receipt.
Step 1: Start your fund.
There are a couple of options when creating your Fund. It can be done with one initial gift or over time through regular contributions. Ask about setting up a Fund through a monthly giving plan. We are happy to establish a schedule that works for your family.
After your Fund is created, you can continue to contribute to it as you like. Each contribution will generate a new Charitable Tax Receipt.
Step 2: Choose the fund that’s best for you.
We have two different Fund types available:
Donor Advised Fund
Starting at $20,000, this Fund functions much like a private foundation, with your initial gift invested in our Endowment Fund, it will grow overtime. Every year, there will be granting dollars available that you can direct to any registered charity in Canada. With a Donor Advised Fund, you decide just how active you want to be. We can help you automate your giving and keep it anonymous, or we can 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.
Community Fund
Starting at $2,500, establishing a 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.*
Funds can be established over time. Ask us about setting up a Fund through a monthly giving plan.
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 today!
Additional resources:
If you are making a gift of publicly traded stocks, you will find our 2018 Stocks Securities Donation Form here.
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.
* 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.