How Do I Donate?
Every gift to the Prince George Community Foundation is important, regardless of size. Every gift helps enhance the services and opportunities in our community. The Foundation is grateful to receive continuing support from individuals, families, organizations, foundations, businesses and corporations.
The Prince George Community Foundation gratefully accepts the following types of gifts:
Your friends, neighbours, business associates and acquaintances are involved and support the Prince George Community Foundation for many reasons. Some have contributed to the foundation to establish a named endowment to honour their family or business . . . and to show their commitment to our community.
Others have contributed to the Foundation in memory of a special person or event in their life. The donation and endowed fund in their name will act as a legacy of their contribution to our community.
We would be pleased to discuss various options with you regarding a contribution to the Foundation. Opportunities exist for you to designate your gifts to benefit specific projects, organizations or areas of the community for which you have particular interests.Donate Now!
The Prince George Community Foundation has a deep knowledge of local needs and opportunities. The Foundation act as a champion for issues that matter and direct grants to everything from shelter, education, and care for those in need, to the arts, environment and recreation.
There are many ways that you can contribute your charitable dollars, now and in the future. From donor-advised funds (which allow you to engage in active grant making) to the Smart and Caring Community fund (which relies on the foundation’s knowledge of the community for grant making decisions), our funds allow you to select the manner in which you want to invest in Prince George
The Community Fund is held for general charitable purposes, enabling the Foundation to respond to a broad range of community needs and opportunities. Also referred to as unrestricted, undesignated or discretionary funds, donations of any size can be made to the community fund. The Board of Directors chooses the recipients of the income based on the current needs of the community. This all-purpose fund is the most flexible for responding to emerging charitable needs. It is a good option for donors who recognize that community needs and opportunities change over time. Donor may recognize they do not have the ability or time to continually monitor needs. They often appreciate that they can refer the responsibility for selecting the most appropriate grantees with your grants committees and/or Board of Directors.
Community foundations offer donors of significant gifts an opportunity to be recognized in perpetuity through a fund named for the donor, family, corporation, association, deceased person, honouree, event or other entity. The purpose of the fund may vary depending upon the wishes of the donor(s) or honouree. There is a minimum amount of $5,000 required to create a named fund. Named funds offer recognition and perpetuity to the named person or entity.
You can create a fund to support a broad area, such as the environment or health care. By naming a program area and not a specific organization, flexibility exists to meet the ever-changing needs of the community. Some examples of fund options are Education, Health, The Arts, Environment, Social Services and Youth. This is the perfect fund for donors who want to do some good in a particular field that is close to their heart but do not want to commit their money to just one organization.
Designated Funds are funds which support particular agencies or organizations, as named by the donor. Income is disbursed at least annually to the specified beneficiaries. For this type of fund, the donor indicates, in writing, the names of the beneficiary organization(s) to receive the annual income. The Foundation continues to monitor the designated beneficiaries to ensure they are meeting the original intent of the donor. If a charity significantly changes its focus, or merges with another, or closes its doors, or the purpose it serves becomes obsolete, the Foundation adjusts disbursements to the nearest similar purpose to the original intent of the donor. This is a good fund for donors who have a strong preference for one or more favourite charities or have been supporting certain charitable organizations with annual gifts. A designated gift ensures these charities continue to receive support for as long as they provide needed services in the community.
Donor-Advised Funds are funds enabling ongoing donor participation in the distribution of income (and sometimes principal) from their fund. The donor, or the donor and an advisory committee named by the donor, give the foundation recommendations on distributions from time to time. An advised fund can also be set up in a will naming the advisor(s) who will make recommendations on distributions from the fund, provided that the Community Foundation has been consulted in advance and has agreed with the provisions. Donor advised funds allow donors to professionalize their charitable giving without the administration or costs entailed in running a private foundation.
Funds enabling deserving students to continue their education. Scholarships generally require a high academic standard while bursaries focus on financial need and satisfactory academic progress. Donors can specify broad or narrow eligibility requirements, provided that they are fair and legitimate (within the human rights legislations). They can be established for any level of education. Often donors specify the schools the students are to come from or the ones they attend, choose a field of study, or require the recipients to practice their profession in the community for a stated time. Donors have an opportunity to assist individuals they may not otherwise know about or be able to help. They also allow donors to support their own school of learning or their chosen profession at the same time as they support their local community foundation.
Operating Endowment Administrative Funds are created to offset the operating and program expenses for the foundation. Often created and expanded by Board members. Contributions to an operating endowment provide a source of income to cover operating costs for the foundation. Such a fund assists the community foundation in covering expenses and reduces the amount of annual fundraising required. As the fund grows, the fees charged against other endowments for administration can be reduced.
Agency Endowment Funds are funds established by charitable organizations as permanent funds to ensure an ongoing source of support for their programs and operations. The agency transfers ownership of the fund to the Community Foundation under agreement and the annual income is distributed to the agency. An agency creates a designated fund at the Community Foundation. The fund is owned by the Community Foundation; however, the income is directed to the agency. Donors can make contributions to the fund through the agency or directly through the Foundation. There is a minimum of $5,000.00 required to start an agency fund. By placing an endowment fund into the Community Foundation investment pool, the agency increases its opportunities for maximizing income while reducing investment cost. The agency is relieved of the internal accounting and reporting required as periodic statements on principal and income status are provided by the Foundation. In addition, an annual audit is performed by independent auditors as part of the foundation's regular audit procedure. Also, by transferring ownership to the Community Foundation, the fund is protected from encroachment by future agency boards. Community Foundation ownership also provides added reassurance to donors that their gifts will be held in perpetuity for exclusive use by the agency or for a similar purpose should the agency cease to exist.
What is planned giving? “Planned giving, very simply, is gift planning. It is the process of designing charitable gifts so that the donor realizes philanthropic objectives while maximizing tax and other financial benefits. Generally, any gift of significant size made with forethought about the benefit to the charity and the financial implications to the donor and the donor’s family is a planned gift.
Planned gifts are often equated with deferred gifts such as bequests, life insurance policies, charitable remainder trust, gifts of residual interests, and similar arrangements where the commitment is made now but the funds are not available to the charity until some future time.
Planned gifts, however, encompass outright as well as deferred gifts. A major gift for current needs, consisting of securities or real estate, structured and timed to limit any tax on the capital gain and obtain full benefit of the tax credit, is a planned gift.”
Planned gifts brings many benefits to donors namely ; provide the satisfaction of making a direct gift to the future programs of a favourite charity and/or future needs of the community, encourage estate planning and will preparation, can improve the donor’s real income and protect assets from capital gains and other taxes
To download our Contribution Form, please click HERE.