Creating a Legacy at the Saskatoon Community Foundation For - - PowerPoint PPT Presentation

Creating a Legacy at the Saskatoon Community Foundation

For Saskatoon … Forever!

How it works

• You make a gift to the Saskatoon Community Foundation – you can give cash,

appreciated stocks, real estate, or other assets.

• Minimum donation to establish a donor advised fund is $50,000.
• We set up a special fund in your name, in the name of your family or business, or in

honour of any person or organization you choose.

• You receive tax benefit in the year your gift is made.
• You recommend uses for the fund – working with our professional staff to support

the causes and organizations you care about most.

• Your recommendations are presented to our community foundation board for

approval.

• We handle all the administrative details and issue grants to charities in the name of

the fund you establish (if you prefer, grants can be made anonymously).

• Your gift will be placed into an endowment that is invested over time. Earnings from

your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

Creating a Donor Advised Fund allows you to make a gift to the

Saskatoon Community Foundation, then remain actively involved in suggesting uses for your gift. A personal approach to giving … The Doreen and John McConnell Fund

The Doreen and John McConnell Fund celebrates the life, achievements , interests and public service of Doreen McConnell. This donor advised fund allows Doreen’s husband, John, and their children, Mary Ann, Betty Jane and John Jr. to direct funds annually to charities that reflect the many interests of Doreen, who passed away on July 31, 2007 at the age of 80. Doreen appreciated and pursued the arts. She sang for many years in the University of Saskatchewan’s Hallelujah Chorus, United Church choirs, and played

• piano. Doreen was a thinker and found ideas
• exciting. She valued education and believed that

even though education and knowledge would cost money, a lack of education would cost more. Doreen was concerned about justice, fair play, the common good, and in contributing to her community. Doreen is lovingly remembered as a woman of integrity, who was undaunted by obstacles and always expected the best in people around her. She never complained and quietly continued on life’s path while challenged with colitis, an ileostomy and congestive heart failure. Doreen McConnell – an ideal partner, mother and grandmother is lovingly remembered for devoting her life to her family and community.

More benefits Because you set no restrictions on the use of your gift, it enables our experienced staff and board to do what they do best – assess community needs and respond by issuing grants to the non-profit

• rganizations that undertake our community’s most critical work. Unrestricted Funds help your

community foundation to support long-term solutions; respond quickly to immediate needs; and meet changing social, cultural, educational, or environmental necessities in our local community. Grants are made in the name of the fund you establish, creating your personal legacy of giving. You may give your gift immediately or through your will or other estate planning strategy. If you endow your gift, it becomes a permanent resource for the community.

Information adapted from the Community Foundations of Canada

How it works

• You make an unrestricted gift to the Saskatoon Community Foundation during

your lifetime or through a bequest in your will or life insurance. You can give cash, appreciated stocks, real estate, or other assets.

• Minimum donation to establish a designated fund is $5,000.
• We set up a special fund in your name, in the name of your family or business,
• r in honour of any person or organization you choose.
• You receive tax benefits in the year your gift is made.
• Our grants committee of community volunteers determines the areas of

community need that would benefit the most through grants from your gift.

• Our board issues grants in the name of the fund you establish (if you prefer,

grants can be made anonymously).

• We handle all the administrative details.
• Your gift is placed into an endowment that is invested over time. Earnings from

your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

When you establish an Unrestricted Fund, your gift addresses a broad range of local

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, economic development, education, environment, health and social services, neighbourhood revitalization, and more. The flexibility of your unrestricted gift enables the Saskatoon Community Foundation’s local experts to respond to the community’s most pressing needs, today and tomorrow.

Meeting ever-changing needs … The C.A. and Eileen M. Wheaton Fund

Saskatoon was central to the lives of C.A and Eileen

• Wheaton. They loved this city and, over the years,

found many avenues to devote their energies to the enrichment of the lives of its citizens. Both C.A. and Eileen were born in Winnipeg, then moved to Saskatchewan as infants, Eileen to Outlook, C.A. to Saskatoon. They met at the University of Saskatchewan and married in 1939. C.A. ran the family business, Wheaton Electric Co. Ltd., founded by his father A.J. Wheaton and uncle C.R. Wheaton in 1913, from 1946–1963. He was proud to have designed the electrical systems in many major Saskatoon buildings. All through their long lives C.A. (1909–2005) and Eileen (1916–2008) were devoted to community service, and their practical accomplishments are many and lasting. They lived in and loved Saskatoon for more than 7 decades, and were champions of the city long before it was the major Canadian city that it is today. As such, they chose to make provisions in their wills for their legacy to live on through an endowed fund, The C.A. and Eileen M. Wheaton Fund. Their fund provides annual support for the Quality of Life grants program.

More benefits Because you set no restrictions on the use of your gift, it enables our experienced staff and board to do what they do best – assess community needs and respond by issuing grants to the charitable

• rganizations that undertake our community’s most critical work. Unrestricted Funds help your

community foundation to support long-term solutions; respond quickly to immediate needs; and meet changing social, cultural, educational, or environmental necessities in our local community. Grants are made in the name of the fund you establish, creating your personal legacy of giving. You may give your gift immediately or through your will or other estate planning strategy. If you endow your gift, it becomes a permanent resource for the community. You can add to your gift at any time – even grow it or change it to a field of interest, designated or donor advised fund when you meet the additional requirements.

Information adapted from the Community Foundations of Canada

How it works

• You identify an area of personal interest, as broad or as narrow as you wish.
• You make a gift to the Saskatoon Community Foundation during your lifetime or

through a bequest in your will or life insurance. You can give cash, appreciated stocks, real estate, or other assets.

• Minimum donation to establish a designated fund is $10,000.
• We set up a special fund in your name, in the name of your family or business,
• r in honour of any person or organization you choose.
• You receive tax benefits in the year your gift is made
• Our grants committee of community volunteers evaluates needs in your area of

interest that would benefit the most by grants from your gift.

• Our board issues grants in the name of the fund you establish (if you prefer,

grants can be made anonymously).

• We handle all the administrative details.
• Your gift can be placed into an endowment that is invested over time. Earnings

from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

By establishing a Field of Interest Fund, you can target your gift to address needs in

an important area of community life. Arts. Homeless. Aging. At-risk youth. Our board approves grants to community organizations and programs that are making a difference in the area you

• select. Your gift stays flexible enough to meet community needs in your interest area – even as they

change over time.

Connecting personal values to high- impact opportunities … The Betty Anne Latrace Henderson Fund

Betty Anne Latrace Henderson, President of Saskatoon-based Airline Hotels and Resorts is aptly described as ‘a teacher, an entrepreneur, an aggressive and focused businesswoman as well as the torch bearer of the company values, vision and ethics’. The Betty Anne Latrace Henderson Fund was established at the Saskatoon Community Foundation by Betty Anne’s family to celebrate her stellar leadership and accomplishments. Betty Anne holds a Bachelor of Education from the University of Saskatchewan and dedicated herself to teaching, with a special interest in at-risk children, prior to entering the business arena full-time. At Betty Anne’s request, annual income from her endowed fund will support children and youth at risk in our community. The Latrace legacy of support for children in Saskatoon began at the Foundation in 2000 when the Latrace Family Fund for Children, honouring the late Harold Latrace, was

• established. It is the sincere hope and wish that

future generations will excel and embrace the values held dearly by Betty Anne and the team at Airline Hotels and Resorts: Respect, Integrity, Teamwork, and Entrepreneurship.

More benefits When you establish a Field of Interest Fund you advise the Foundation on the fund’s direction and leave the maintenance up to us. Our professional staff continually monitors changing community needs to ensure that grants made in your fund’s name have the most significant impact in your field of interest and create your personal legacy of giving. You can add new contributions to your Field of Interest Fund at any time – and so can others who share your interests in community. When you endow your gift, it becomes a permanent resource for the Saskatoon.

Information adapted from the Community Foundations of Canada

How it works:

• You identify an charity that you wish to benefit.
• You make a gift to the Saskatoon Community Foundation – you can give cash,

appreciated stocks, real estate, life insurance, or other assets.

• Minimum donation to establish a designated fund is $10,000.
• We set up a special fund in your name or in the name of the non-profit
• rganization you choose.
• You receive tax benefit in the year your gift is made.
• Our board issues grants to the designated charity.
• We handle all the administrative details, including managing the specific

qualifications that you may establish for distributing grants from your fund.

• Your gift is placed into an endowment that is invested over time. Earnings from

your fund are used to make grants to your designated charity (or charities). Your gift – and all future earnings from your gift – is a permanent source of community capital, helping do good work forever.

Establishing a Designated Fund allows you to support the good work of a

specific charity. Because it’s given through the Saskatoon Community Foundation, your gift provides the charity you select with ongoing funding and the added benefits of planned giving and investment management services. Helping charities sustain and grow … The Gush Family Fund

Robert Gush, Then a young Canadian flying

• fficer, made the acquaintance of Barbara

Bowmar of Nottinghamshire, England during his service overseas in the Second World War. Love blossomed and Barbara immigrated to Canada in 1947 after Robert returned to Saskatoon to study engineering at the University of Saskatchewan. Married in November 1947, Robert and Barbara were blessed with two daughters, Susan and

• Heather. The family’s busy lives included a

love of the outdoors and a passionate interest in gardening. Involvement in community was an important focus for the family, so it was no surprise that Robert Gush mad provisions in his will to create the Gush Family Fund at the Saskatoon Community Foundation. The Gush Family Fund was established in 2002, following Robert’s passing. Annual income from the endowed Fund supports charities that were particularly important to the family: the University of Saskatchewan (Engineering Fund); St. Paul’s Hospital Foundation; Saskatchewan Parkinsons Disease Foundation; the Salvation Army of Saskatoon; and the United Way of Saskatoon and area. More benefits A Designated Fund provides a wonderful way to give back to one or more specific organizations that have touched your life. Your gift provides more than just funding – your favorite organization will benefit from your community foundation’s investment stewardship and ability to manage endowment funds. Because your community foundation handles the details, the non-profit

• rganization’s staff is freed up to focus on its mission. And, the community foundation can

facilitate even the most complex forms of giving, such as planned gifts, life insurance, or gifts of appreciated stock or real estate. You can add to the fund at any time. If the organization you select ceases to exist or changes in mission, the fund can be redirected so that it continues to address your charitable intent.

Information adapted from the Community Foundations of Canada

How it works

• You make a gift to the Saskatoon Community Foundation – you can give cash,

appreciated stocks, real estate, life insurance, or other assets.

• Minimum amount to establish a fund is $10,000.
• We set up a Student Award Fund in your name, in the name of your family or

business, or in honour of any person or organization you choose.

• You receive tax benefits in the year your gift is made
• Our professional staff helps you to determine eligibility requirements for the

scholarship you establish – whether they are based on a student’s field of study, academic achievements, extracurricular activities, financial need, background, geography, or even a specific school.

• We handle all the administrative details – and award scholarships to deserving

students in the name of the fund you establish.

• You receive updates on the impact your gift is making in our community.
• Your gift can be placed into an endowment that is invested over time. Earnings

from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

In creating a Student Award Fund, you invest in your community’s

future and show students you care. The Saskatoon Community Foundation provides the expertise to help you meet your personal goals and awards scholarships to deserving students. Your gift can help students – from preschool to postgraduate – achieve their lifetime dreams. Investing in deserving students … Morgan Evans Scholarship

Morgan found school quite easy and managed to earn respectable grades. Physics proved to be a bit of a challenge, but Morgan was able to bring that grade up significantly, (under duress, admittedly!). Morgan’s future plans were to work for a year in the oil industry before deciding which trade to pursue. He was considering welding, mechanics, or fire fighting as a career. Tragically, this was not to be. The Morgan Evans Scholarship was established by family and friends, through the Saskatoon Community Foundation. This scholarship, an enduring tribute to Morgan, is intended to be awarded annually to a graduating student of the Ernie Studer School in Loon Lake, with significant preference to one who intends to purse post-secondary studies in the trades industry. More benefits You can create a student award as a memorial to someone special, selecting eligibility criteria that exemplify that person’s goals and values. Or, you may use it to express your educational values –

• r those of your family or business. Depending on your preferences, the student award you

establish can support any area of academic need, including tuition, room and board, and books. Our staff tracks eligibility to ensure students continue to meet the terms for scholarship support.

Information adapted from the Community Foundations of Canada

The Power of One … The Saskatoon Community Foundation’s endowed funds represent a powerful strategy for supporting a caring and engaged community. Since the Foundation’s inception in 1970, hundreds of agencies each year have benefitted from grants totaling over $8 million. All of these grants were made possible by the investment of endowed funds – the power of one multiplied by sustained community support through many donors, years, grants and charities all working together. The very first dollar invested in an endowment begins community building. Communities depend upon the power of one – one individual,

• ne family, one business – making a commitment

to improve the quality of life in the community we all call home. Endowments are the core of the Saskatoon Community Foundation’s work, and the means by which we are able to support our community and respond to its needs. All of our work is build on the strength of our endowed funds.

• ne

We are a local organization with deep roots in the community, and part of a nationwide movement whose support we build and share.

two

We bring donors to the table as community builders, working closely with them to align their philanthropic vision with the community’s needs.

three

We identify long-term needs and

• pportunities and invest in solutions

that let our communities guide their

• wn future.

four

We take a broad and inclusive view

• f what a community is, and provide

grants to the widest possible range

• f organizations and initiatives.

five

We provide highly personal and flexible service, accepting a wide variety of assets and offering donors maximum tax advantage.

six

We build permanent funds and those that can respond to immediate needs, helping our communities ensure vital futures.

seven

We multiply the impact of gift dollars by pooling them with other gifts.

eight

We believe that diversity is strength, so we bring the entire community together to stimulate new ideas, build participation and strengthen community philanthropy.

nine

We are transparent and reputable stewards of community resources, committed to being accountable, accessible and responsive.

ten

We build community vitality – the unique and essential spirit that flourishes when people believe their community holds possibilities for everyone.

Ten reasons people choose community foundations.

Information adapted from the Community Foundations of Canada

Saskatoon Community Foundation Suite 101 – 308 Fourth Avenue North Saskatoon, SK S7K 2L7 www.saskatooncommunityfoundation.ca For more information about creating your own fund contact: Monica Pollard Donor Services Manager Direct – 306-665-1756

monica.pollard@saskatooncommunityfoundation.ca

Trevor Forrest Executive Director Direct – 306-665-1758

trevor.forrest@saskatooncommunityfoundation.ca