What Type of Fund Should I Start?

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.

For a list of donors who have contributed to the Community Foundation click here

 

What Fund is Right for Me?

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!

 

Funds

We have a number of funds available for our donors to consider.

 

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. 


Donor Advised Funds

Give donors the chance to participate in the grant making process. Working closely with the Foundation's givingstaff 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

 


General Fund

Is an endowed restricted fund made up of gifts of all sizes from individuals, corporations and foundations. giving 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. 

 

 

 


Donor Designated Funds

Allow donors to name one of more charitable organizations to benefit from the income generated by the givingfund 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

 

 


Scholarships and Bursaries

Assists promising students, including those challenged by education costs, to pursue education and or givingtraining. 

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

 

 

 


Agency Endowment Fund

Agencies (or donors on behalf of agencies) can establish an Agency Endowment Fund, which allows the givingcharity 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