An endowment fund is where gifts are pooled and permanently invested as capital and only the annual spending policy amount earned is used for charitable purposes.
At The Winnipeg Foundation, the amount available annually for charitable purposes is determined by our
Spending Policy. All funds are pooled and invested so that we are able to provide full service to each while ensuring that more money is available for grantmaking and less to overhead.
Establishing a named endowment fund allows you to support the community in the way that best suits your needs and wishes.
Most funds can be established through a simple letter of direction and through any type of gift, including deferred gifts
You can design a grantmaking program tailored to your own values and interests
You can choose how involved you want to be with your gift and grantmaking
The Winnipeg Foundation handles the administration, including tax receipting all donations, writing cheques to charitable organizations, and producing customized financial reports.
The Foundation also provides:
- Research and information on charitable organizations;
- Expedited grant recommendation and fulfillment process;
- Site visits to charitable organizations to learn about potential projects or to view previously supported projects in action;
- Due diligence on all grant recipients to ensure that they are Canadian registered charities and use your contribution as intended.
There are several options for creating your fund. To determine the best fit for your charitable goals, review the types of endowment funds and speak to our Donor Relations staff, by
email
or call 944.9474 (toll-free 1.877.974-3631).
For more information on the endowment funds available at The Winnipeg Foundation, visit
Types of Funds.
