Start A Forever Fund
It’s one thing to donate to a community organization. It’s quite another to make your donation last forever. But you can, and it’s surprisingly easy to be a legacy builder like Shelley Johnston of The Pension Specialists, located in Whitby, Ontario.
It takes an initial contribution of just $5,000 to get your fund started. And it really is your fund – you can name it after yourself, your family, your company, or organization, or even in honour of a loved one. Then Durham Community Foundation, in consultation with experienced wealth management professionals, invests the money. As a result, the fund grows, and continues growing. Forever.
At any time, you, or anyone else can make additional contributions to the fund. Everyone who contributes – including you – is issued a tax receipt.
But here’s the best part. Each year, a portion of your Forever Fund’s investment income is distributed back into the community to support the cause(s) you believe in.
The money can be awarded in two ways: as grants to registered charities, or as scholarships to local students. It’s up to you when you establish your fund how the income will be disbursed.
As your fund grows, the investment income will increase, so, every year, you’ll be able to put more money back into the community and have an even greater impact. As we’ve said all along, this process continues.
Your gift today is the start of supporting your beliefs in the community. Forever
What’s YOUR Cause? We Have a Forever Fund for That!
Whether it is a single organization, or a field of interest, naming a range of causes you’d like to support, we will work with you to help you decide the type of fund best suited to meet your philanthropic goals.
Our Forever Funds are permanent resources that continue to grow over time, enabling us to put more money back into the community. Your generosity helps us create a region where community life flourishes for all. For good and forever!
Join Our Giving Movement!
Please contact our Executive Director, Vivian Curl, by telephone at 905-430-6507, or email at Vivian@DurhamCommunityFoundation.ca to find out how you can join our giving movement.