Creating a fund (otherwise known as an endowment) is a great way to give back to your community, create a lasting legacy for you and your family and/or honour a loved one.
The Thunder Bay Community Foundation gives individual donors, family foundations, businesses and charitable organizations a number of ways to support our community’s well being. We specialize in building endowment funds, where the capital is not spent and the fund’s earnings support the ever-changing needs of Thunder Bay. We believe that by strengthening the gifts, assets and capacity of individuals and groups, we strengthen our community.
What Fund is Right for Me?
- Do you want to give a general donation to the Foundation?
- Do you want to help the Foundation choose the right recipient?
- Do you want to choose the right recipient?
- Do you want to help a student?
- Do you want to set up a fund for a local charity?
Download our [Desire to Give] questionnaire and then contact (807) 475-1669 to set up an appointment with Bonnie Moore, Executive Director, to come up with a Philanthropy Plan that best suits you!
We have a number of funds available for our donors to consider.
- Donor Advised Funds
- General Fund
- Donor Designated Funds
- Scholarships and Bursaries
- Agency Endowment Fund
Family Philanthropy (See Donor Advised funds) [click and it will bring you down]
This investment is a gift to your community to have a real impact and reflect your passions and concerns? The Family Philanthropy program can help you or your family learn about philanthropy, explore your community and plan your charitable giving to causes you care about most. The Family Philanthropy program encourages and supports the spirit of caring and generosity in our community.
Give donors the chance to participate in the grant making process. Working closely with the Foundation's staff and Board of Directors, donors may identify and recommend specific charitable organizations they want to see benefit from their fund. The Donor Advised Fund is considered the easy and cost effective alternative to creating a Private Family Foundation. This fund appeals to existing foundations as they may transfer their assets to the Thunder Bay Community Foundation to achieve higher returns and reduce administrative costs while still remaining involved in allocating grants.
Donors may establish a Donor-Advised Fund with a minimum donation of $25,000 (or contribute to the fund until it reaches $25,000 and can be officially established as a fund). Once opened, other donors may contribute to the fund.
Click here to see our current donor advised funds
Is an endowed restricted fund made up of gifts of all sizes from individuals, corporations and foundations. Donors create and/or donate to these funds to broaden the legacy of their gifts, allowing the Foundation to respond with the greatest flexibility to our community's needs and changing priorities. The Community Fund supports the Thunder Bay Community Foundation Grant, which in turn, supports existing programs and services and new and innovative programs or other charitable works in the District of Thunder Bay. Each year the Foundation awards grants to charitable organizations for projects in areas including, but not limited to: arts, heritage, youth, recreation, capital projects, alleviating human suffering, health and welfare and community innovation.
Allow donors to name one of more charitable organizations to benefit from the income generated by the fund as listed in the agreement. This allows donors to choose their favorite charities and provide a lasting gift.
Donors may establish a Donor Designated Fund with a minimum donation of $25,000 (or contribute to the fund until it reaches $25,000 and can be officially established as a fund).
Click here to see our current donor designated funds
Assists promising students, including those challenged by education costs, to pursue education and or training.
Donors may establish a Named Scholarship or Bursary Fund with a minimum investment of $25,000 (or contribute to the fund until it reaches $25,000 and can be officially established as a fund).
Click here to see our current scholarships and bursaries
Agencies (or donors on behalf of agencies) can establish an Agency Endowment Fund, which allows the charity to receive interest earned on the fund annually (the fund will receive 3.5% of the funds market value as long as the interest earned on the fund is greater than 5%). Donors can designate the Charity in their Will and funds will go into this endowment in perpetuity.
Agencies (or donors on behalf of agencies) may establish an Agency Endowment Fund with a minimum investment of $10,000 (or contribute to the fund until it reaches $10,000 and can be officially established as a fund).
Click here to see our current agency endowment funds