Monday, December 11, 2023
News

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