Frequently Asked Questions
Q: What are the total assets of The Community Foundation?
A: As of October 2014, our total assets are approximately $14 million.
Q: How much money has The Community Foundation given away over the years?
A: Since 1976, we’ve given away approximately $7.8 million.
Q: What are the administrative fees?
A: Our administrative fee is 1.5% of the principal/capital of each fund. They are charged annually and taken from the earnings of the fund.
Q: Do I need to have a lot of money to get started?
A: No you don’t. Donations of any amount are always welcome. You can donate to our Community Fund, or to any of our other funds. Even if you are interested in establishing a named or designated fund, you don’t need a lot of money to get started – you can grow the endowment over time.
Q: What happens to my donation?
A: The principal amount of your donation is invested. It is pooled with our other assets and is professionally managed over time by Louisbourg Investments, overseen by our Board of Directors. The interest earned by those investments forms the grants we distribute.
Q: Do I get a tax receipt for my donation?
A: Yes! An official tax receipt will be issued to you.
Q: Do I need a financial advisor to donate securities?
A: If you’d like to donate securities, we do recommend that you do so with the help of a financial advisor.
Q: Do I need a financial advisor to establish a fund?
A: If you wish to establish a fund, you do not need a financial advisor, but you are certainly encouraged to receive independent advice. We recommend you get in touch with our Executive Director to discuss your options and get help finding the fit that's right for you.
Q: How do I start a fund?
A: The first step in creating a fund is to contact our Executive Director. She will discuss with you what you would like to accomplish with the fund, and help design one that is a good fit with your philanthropic goals.
Q: How do I increase the principal in my fund?
A: Increasing the principal (endowment) in your fund doesn't have to rest on your shoulders alone. Anyone can donate to your fund. You are free to seek out like-minded individuals interested in making a difference to your beneficiary organization. Fundraising activities such as auctions, events, golf tournaments and other appropriate activities are excellent ways to grow the endowment in the Fund you create. We are happy to advise!