Starting a Fund

Starting a Fund Sudbury Community Foundation
Some individuals already have a clear idea of where they would like to donate their funds. Additionally, there are many generous individuals who wish to give back and support their community as part of their financial or estate plan. 
 
Our goal is to make it easy for you to invest in philanthropy in a sustainable manner, rather than a one-time gift. With the endowment approach, you can invest your initial capital donation and make a lasting impact. The profit from your original investment is gifted every year, indefinitely, to charities that do fantastic work. 
You can start a named fund with a substantial gift now or with a small amount of capital ($5,000 over three years), creating a container gift for additional gifts in the future or a future bequest. We can create a fund agreement that reflects your intentions precisely, allowing the Foundation to act on your wishes. You can also name the Foundation as a beneficiary and/or owner of life insurance policies, RRSPs, RRIFs, or as a beneficiary in your will. We will work with you and your financial advisor to discuss these options in detail and always in the strictest confidence.

Usually the process looks something like this:

1. We your philanthropic goals and financial objectives.
2. Help you select the type of fund that matches your goal and objectives.
3. You decide when you will start your fund, now or in the future, and how much to contribute to achieve your goals.
4. Name your fund. See a full listing of our current funds here.
5. Determine which assets you will use in creating your fund.
6. Sign a fund agreement and make your gift to SCF.
7. Promote your fund to build support for your cause!