Create an Endowment Fund
All donations to the Community Foundation of Portage & District are assigned to one or more endowed funds as directed by the donor.
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An endowment is a fund that holds its principal in perpetuity and is invested to generate income to be spent for a specific purpose; in this case to support non-profit organizations to improve the quality of life in Portage la Prairie & District.
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Each endowed fund is pooled with all other endowments, then invested together to ensure the highest possible rate of return. Donors have the option of setting up their own named endowed fund which can support their favourite cause in perpetuity.
Types of Funds
Smart & Caring Community Fund
(Undesignated Fund)
This fund allows the Community Foundation of Portage & District Board of Directors to decide where the earnings, "community grants", can be used most effectively each year. This fund provides flexibility in responding to the ever-changing needs of our community
General Donations No Minimum
Undesignated Named Fund Minimum $5,000 for Initial Contribution
Field of Interest Fund
This type of fund allows the donor to identify the general area of interest for the earnings, "community grants" to be directed and the Board selects appropriate organizations and projects each year that fulfill those wishes.
Donations to Existing Funds No Minimum
Field of Interest Named Fund Minimum $5,000 for Initial Contribution
Designated Fund
The donor specifies one or more charitable beneficiaries and each year the earnings are directed in accordance with the donor's wishes. Adjustments can be made to maintain the donor’s intent should a specified charity change names, purpose, or no longer be in existence. Awards and Bursaries are considered Designated Funds.
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Donations to Existing Funds No Minimum
Designated Name Fund Minimum $5,000 for Initial Contribution
Donor Advised Fund
This fund provides the donor with the ability to advise the Foundation each year regarding the charitable organization(s) that will benefit from the fund earnings. The agreement can provide a general direction and the Foundation will research and provide options to the donor if they wish.
Donations to Existing Funds No Minimum
Donor Advised Named Fund Minimum $25,000 for Initial Contribution
Here to Help
The Foundation is happy to assist in creating an Endowed Fund specific to your wishes. Whether it supports your favourite charity, assists with providing unrestricted grants for community betterment, or provides scholarships, bursaries, or awards for Portage & District students, the fund will reflect your passion for your community.
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Contact the Foundation to learn more about Endowed Funds or phone 204-856-1971