Saturday, October 5, 2024
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Foundation Advantage

Kitimat Community Foundation

Why is giving to the foundation better than donors managing their own gifts to charity?

The Foundation offers advantages to potential donors:

The foundation is able to manage funds in ways that are not practical for the average donor.  For example, you can create a named scholarship fund to honour an individual in perpetuity

  • Long after donors have passed on, their gifts will be managed as they directed
  • If a gift is in the form of securities, there may be a unique tax advantage to a donor gifting to the Foundation
  • By combining gifts, the foundation is able to gain the advantage of professional managed funds.
  • A full accounting of the disposition of all grants is provided each year by the foundation