ENDOWMENT FUNDS
Endowment Fund TypesCommunity Unrestricted Endowment FundsThis is a general Fund that gives the Foundation the greatest flexibility in awarding Grants to charities. This type of Fund is not tied into any specific charity or area of interest, allowing the Foundation to respond to the immediate and changing needs of the community. Donor Advised Endowment FundsThis fund enables donors to have ongoing participation in the selection of charities that will benefit from their gift. Designated Endowment FundsThis type of Fund gives the donor the opportunity to specify, at the time the Fund is established, which particular charity or charities they would like to support in perpetuity.
Field of Interest Endowment FundsDonors identify an area of interest that they would like their donation to support. Examples include the arts, environment, health, seniors, children, youth, recreation, relief of poverty, or education. Managed FundsManaged Funds are held on behalf of a charity or charitable group with the annual returns periodically distributed back to the group. Flow-Through FundsThe capital and income from these Funds are distributed over a one year period. |
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Current Funds
UNRESTICTED COMMUNITY
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DONOR ADVISED Endowment Funds Barber & Haskill Fund Cedar Ridge Pops Festival Cliff Pendlebury Outreach Duncan (James) McLaren * Hacker Gignac Rice LLP Jack Beauchamp Memorial Jake Just Memorial Jim McCready Memorial JJ Gignac Memorial Len Self Youth Memorial Midland in Motion (MiM) PAK (Players Assisting Kids) Penetanguishene Youth REACH Town of Penetanguishene Vaughan Family Wyevale Scholastic |
DONOR DESIGNATED Endowment Funds Administration Askennonia Seniors Butch LaFrance Memorial C P Stow Memorial CLH (Community Living Gammell Family Georgian Bay Land Trust Gil Robillard Family Helen Redman Bursary Iris Catherine Stotesbury James Bartleman Bursary Lynda Zuidema MSS 100th Anniversary MSS Bill Barnett Bursary MSS Jas Roberts Bursary MSS Moss Bursary Penetanguishene Library Stanley Redman Bursary |
FIELD OF INTEREST Endowment Funds Bondar Nursing Bursary David/Delva Finch Youth Environment John Arpin Music Youth
MANAGED FUNDS Admin Reserve Fund Huronia Museum Heritage Medical Student Scholarship Rosewood Shelter |
* New Funds established in 2010-11