Memorial Funds - How it Works
• You include the community foundation in your will as a bequest; we can help you or your lawyer with recommended language.
• We can work with you to determine the type of fund you would like to establish with your gift.
• Upon your death, we set up a special fund in your name, in the name of your family, or in honour of any person or organization you choose.
• Your charitable gift is eligible for a tax credit for estate tax purposes.
• Our board and staff considers your charitable wishes and determines the areas of community need that would benefit the most through grants from your gift.
• Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
• We handle all the administrative details.
• Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift — and all future earnings from your gift — is a permanent source of community capital, helping to do good work forever.