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Start a Fund
A named fund can be created with a gift of $10,000 (or $1,000 to start-up). This fund can be customized to meet your personal charitable giving objectives, which may include:
- Supporting your favourite charities or charitable causes
- Memorializing a loved one, or encouraging a family tradition of charitable giving
- Creating a lasting legacy, or providing community support in the short-term
- Establishing an educational award (scholarships)
- Leaving an estate gift to Vancouver Foundation
Choose between these two fund structures:
1. Donor Advised Fund
Donor Advised Funds are the most popular way to give at Vancouver Foundation. Similar to a private foundation, a Donor Advised Fund enables individuals and families to establish a charitable endowment fund, receive a donation tax receipt and then recommend grants over time.
Grants can be made to any registered Canadian charity, or any of our Focus Areas. Through our Focus Areas, our volunteer advisors will evaluate hundreds of grant applications annually on your behalf, ensuring your granting dollars will have the most impact. Choose from these options: Community Impact · Addressing Homelessness · Animal Welfare · Arts & Culture · Children & Families · Education · Environment · Health · Social Services · Youth
You also have options for the fund’s long term planning after your passing. You can appoint a friend or family member as the Successor Fund Advisor, or ask Vancouver Foundation to carry out long term support for specific charities or our Charitable Causes.
2. Designated Fund
A Designated Fund is ideal if you have certainty about what you would like to support and want to secure your wishes with Vancouver Foundation. Through a Designated Fund, you can name specific charities or any of Vancouver Foundation’s Focus Areas (noted above) as your fund’s beneficiaries.
Creating Your Fund
It’s easy to establish a charitable fund at Vancouver Foundation. Our staff will work closely with you, your family, and your financial advisor if you choose, to complete the following steps:
- Determine the amount of your gift (Min. $1,000)
- Choose what assets to contribute (Cash, securities, life insurance, etc.)
- Name the fund
- Consider which charities and/or Focus Areas to support
Take a moment to use our helpful Donation Calculator to see an illustrative example of the growth and long-term impact of a donation when used to establish an endowment fund.
Once you establish a charitable fund, you have the option to create a Personalized Donation Page. We will work with you to develop a webpage that describes the fund’s charitable vision and you will have a custom link to share with your supporters so they can make donations directly to the fund.