Undesignated Funds - How it Works
• You make an undesignated gift to your community foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets.
• We set up a special fund in your name, in the name of your family or business, or in honour of any person or organization you choose.
• You receive tax benefits in the year your gift is made.
• Our professional staff 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 forev