Types of Funds

Types of Funds 2018-03-23T15:32:58+00:00

The Ottawa Community Foundation manages a wide variety of funds on behalf of an ever-growing number of donors. Community Foundation funds offer donors the maximum tax benefits for each charitable gift while simplifying the tax reporting process. While its focus is on endowments, assuring donors that a gift to the Foundation will support the causes they care about long into the future, the Foundation can also meet the needs of donors interested in non-endowed giving through its flow-through funds.

DONOR-ADVISED FUNDS allow donors to advise the Community Foundation each year as to which charitable organizations are to receive grants from their funds, and in what amounts.

DESIGNATED FUNDS allow donors to choose specific charitable organizations that will be perpetual beneficiaries of the annual income generated by their gifts.

FIELD-OF-INTEREST FUNDS allow donors to direct grants to a particular area of interest, such as social services, the arts or the environment.

COMMUNITY FUNDS constitute the core of the Community Foundation’s ability to strengthen our community by meeting emerging opportunities and addressing issues of importance as they change over time.

ORGANIZATIONAL FUNDS can be established by organizations with registered charitable status in order to benefit from the Community Foundation’s professional endowment management expertise.

Community Foundation funds can be either permanently endowed, established for a set period of time, be spent down over several years, or disbursed immediately as flow-through funds.

The minimum amount needed to establish any type of fund is $5,000 (over a period of five years).

For further information about how to establish a fund at the Ottawa Community Foundation, please click here or contact Daniel Brunette at 613-236-1616 ext. 224.