A major part of the Foundation’s work each year is managing the funds endowed over the years and disbursing funds to support North Shore community organizations. Other services provided by the Foundation include the following:
Are you a lawyer, investment advisor, an individual wishing to set up an endowment, or wish to make a bequest in someone’s memory? The Foundation provides assistance in setting up a fund to ensure that the donor’s wishes are protected or in administering a pre-existing fund.
for charities &
A North Shore charity seeking sustainable funding and holding money raised or donated through fundraising activities can establish an endowment fund with the Foundation. By placing your endowment in the care of the Foundation, you can take advantage of the Foundation’s professional management and eliminate the administration required by your organization.
We ensure careful stewardship of the funds entrusted so that over time an investment return is generated that is then invested in the community through a regular annual grant, all the while ensuring the fund’s principal is protected. Our funds are managed in accordance with Canadian Federal Tax Law.
Existing private foundation funds or charitable trusts can be transferred to the Foundation in accordance with Canada Revenue Agency guidelines while ensuring the wishes of the original donor are carried out. The Foundation will ensure that the funds entrusted are managed responsibly in perpetuity.
Members of the Foundation’s Board are happy to speak at community meetings about what the North Shore Community Foundation does and why and to explain the role of Community Foundations in Canada.