Types of Funds
Your gift to the Brampton and Area Community Foundation can be tailored to your interests and charitable objectives.Community Endowment Funds – The Foundation’s Board of Directors directs the earnings to where they can be used most effectively to meet the community’s changing needs. Commitments of $5,000 or more allow you to name your own fund (i.e. The John Smith Family Fund).
Designated Endowment Funds – The fund holder chooses specific charitable organizations that will be perpetual beneficiaries from the fund. A minimum of $5,000 is required one or more beneficiaries.
Field of Interest Endowment Funds – The fund holder specifies a particular area of interest, such as children, the arts or environmental issues. A minimum $20,000 donation is required.
Donor Advised Endowment Funds – The fund holder advises BACF each year as to which charitable organizations are to receive grants. A minimum donation of $40,000 is required.
Agency Endowment Funds – Established by registered charities to benefit from BACF’s professional investment management. Income from the fund is distributed back to the charity annually.
Memorial Endowment Funds – Create a lasting tribute for a loved one.
Flow-Through Funds – The fund holder gives instructions on disbursements to charitable organizations or causes. The grant is made via BACF to the end recipient.
Administration Endowment Funds – A gift of any size can be made to offset operating costs, contributing to the successful management and fund development of the Brampton and Area Community Foundation.
Minimum refers to donations of capital only. Fund holders can start a fund with a 20% initial donation, giving the balance over the following four years. Annual distributions of income will be made to the unrestricted community fund until the fund minimum has been reached.
