Community Foundation of the North Okanagan304 - 3402 - 27th Avenue  
Vernon, BC V1T 1S1  

Phone:
250 542-8677  
Fax: 250 542-8655  
Email:   

 
 

 

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How do I give?
Donations to the Foundation can come in the form of cash, shares, bonds, bequests, pledges, memorials and life insurance. You should discuss your options with your legal and/or financial advisor to determine your best approach to charitable giving.

Setting up a new endowment fund requires a minimum donation of $5,000.00, however, you can donate smaller amounts to existing funds or the Foundation's Community Fund.

Donors to the Foundation may choose from different types of funds to meet their charitable goals:

Designated Fund
A designated fund allows donors to specify, at the time the fund is established, the charitable organizations they wish to support. The Foundation's Board reserves the right to reapply funds, if a designated agency ceases to exist or becomes obsolete.

Donor Advised Funds
A donor advised fund allows donors to make recommendations to the Foundation's Board of Directors regarding which specific organizations should be considered for grants from their fund.

Field of Interest Funds
A field of interest fund enables a donor to focus their giving in a particular charitable area (arts, environment, health, education, youth, etc.). Recipient agencies in the selected field of interest are chosen by the Foundation each year.

Scholarship Funds
A named scholarship can be established to support the continuing education or training of deserving students. Student scholarship grants are paid directly to the educational institution.

Charitable Organization Endowment Funds
A charitable organization may establish an endowment fund within the Foundation and invite additions to the fund by other donors. This allows the organization freedom from the investment responsibility and gives donors the confidence of knowing that a permanent Foundation is in place to professionally administer the agency's endowment.

Community Fund
This is an unrestricted fund whose income is directed at the discretion of the Foundation's Board of Directors. This fund is designed to allow the Foundation to respond to the changing needs of our communities. Many donors choose to support this fund as it allows grants to be made to a broad range of charitable groups and programs each year.

How can I make a contribution to the Foundation?
Once you have decided that you wish to make a gift to the foundation and you have discussed this with your financial adviser, you should contact the Foundation to set up a meeting. The Foundation representative(s) will advise you on the process for making donations and for receiving any tax receipts. They will also help you decide the type of fund you set up. The last remaining step is deciding how you want the income from your fund dispersed on an annual basis.

The following are copies of the agreements which would be signed, depending on the fund type you may select:

Agreement Forms - PDF Format PDF

 

 
 
Community Foundation of the North Okanagan          304 - 3402 - 27th Avenue, Vernon, BC V1T 1S1