Naming a Fund
There are several funds to choose from when it comes to naming a gift through the Community Foundation of Halton North (CFHN). A fund may be named in honour of a donor, in the family’s name, or in memory of a special person. The entry level contribution for choosing the type and naming funds are:
Smart and Caring Community Fund
This type of fund is made up of large and small donations from a variety of sources such as individuals, Corporations and other organizations. Donations to this type of fund provides CFHN with the ability to disburse grants based on the changing, future needs of community charities. Donors may choose and name this type of fund with a minimum gift of $5,000.
Field of Interest Fund
Similar to the Smart and Caring Community Fund above, this type of fund allows the benefactor to stipulate their areas of interest, such as the arts, mental health, children, palliative care, seniors, education, etc., and empowers CFHN to select worthwhile projects to support within that specified field of interest. Donors can name this fund with a minimum gift of $10,000.
Donor Advised Fund
Some benefactors wish to play an ongoing roll in the selection of charities that will benefit from their gift. Every year donors can select which charity or charities will receive grants from their funds. Donors can choose this type of fund instead of creating a family trust or private foundation. In addition, existing foundations may consider transferring their assets to CFHN in order to achieve higher returns or reduce administrative costs while still remaining involved in the allocation of grants. Donors can name this fund with a minimum gift of $25,000.
By establishing a designated fund, donors are able to specify a particular charity or a group of charities they wish to support in perpetuity. Donors can name this fund with a minimum gift of $10,000.
Operating Endowment/Administrative Fund
Some individuals are interested in directly supporting the Community Foundation of Halton North. This fund helps CFHN meet its annual operating costs. Donors can name this fund with a minimum gift of $3,000.
The Community Foundation of Halton North, making a lasting impact…For Good For Ever.
Click here or call 905-864-9211 for more information.