Types of Funds

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Types of Funds

The Brockville and Area Community Foundation (BACF) manages a wide variety of funds on behalf of an ever-growing number of donors. Foundation funds offer donors the maximum tax benefits for each charitable gift while simplifying the tax reporting process. With its focus on endowments, donors can be assured that their funds will provide support for the community forever. Any of the following types of funds may be established with the Community Foundation:

UNRESTRICTED FUNDS

You can use your gift to meet ever-changing community needs - including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being - arts and culture, education, environment, health and social services, youth, seniors and more. The flexibility of your unrestricted gift makes it possible to respond to the community's most pressing needs, today and tomorrow. Existing funds

FIELD OF INTEREST FUNDS

You can target your gift to address needs in an area of community life important to you. It could be the arts, seniors, at-risk youth, mental health, etc. You identify your personal interest area when making your gift; our board awards grants to community groups and programs that are making a difference in the area you select. Existing funds

DONOR-ADVISED FUNDS

You can have ongoing involvement in the use of your gift. You work with our grant making committee, identifying ways to use dollars from your Donor Advised Fund to address the issues and needs you care about most. Your recommendations are submitted to our board for approval; we then distribute grant dollars

DESIGNATED FUNDS

You can direct your gift to a specific charity or issue area. It could be ongoing funding for a senior centre, museum, your church, or virtually any nonprofit charitable organization. You identify the recipient you wish to benefit through your gift; our staff manages the annual distribution of funds. Existing funds

EDUCATIONAL AWARDS

Provide support to students pursuing academic goals through awards, scholarships and bursaries; Existing Funds: note: we currently have two scholarship funds which we have listed under "Memorial Funds" as they were established by the families in memory of a loved one.

MEMORIAL FUNDS

Can be established through the BACF in order to create a lasting tribute to a special member of the community or loved one. Existing funds

ORGANIZATIONAL ENDOWMENTS

An attractive option for local charities that currently manage or are interested in establishing their own endowment fund. An Agency Endowment Fund through the Foundation makes it easy and efficient to create and manage a permanent endowment for your organization. You build the fund by encouraging your committed members to make a larger gift than they otherwise might not make. We take care of the rest. Existing funds

FLOW-THROUGH FUNDS

Are for donors who do not want to endow their donations or for those who wish to combine current donations with endowment earnings in order to increase the amount of their grant(s). Or, can be used to facilitate special community projects. Existing funds

Donations can be made to any of our existing funds or if you would like to find out about establishing your own fund with the Brockville and Area Community Foundation, please click here