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What is a Community Foundation
Plant a gift with the Battle River Community Foundation and it provides a base to generate annual income distributed to charities.
What is a community foundation?
Quite simply, it provides services to help donors connect their generosity with the needs in their community, creating better places to live, now and in the future.
How does it differ from a charity?
One key difference is that it doesn’t focus on a single need or cause; its structure allows for flexibility so it can respond to the most pressing needs in the community. But, like other charities, it has to conform to the strict requirements of Canada Revenue Agency regulations for charitable organizations.
Another defining difference is that the majority of donations are invested in endowment funds and each year a portion of the income helps those in need. In time, the funds build and eventually the amount of the original donation is paid out over and over again in the form of grants to registered charities. Think of it like a permanent savings account that will always be there to look after community needs.
How is the money distributed?
Every year, the Battle River Community Foundation carries out the wishes of donors and provides grants to charities to help address critical needs in the Battle River catchment area.
There are two ways in which these decisions are guided:
|Battle River Community Foundation | firstname.lastname@example.org | 780.679.0449 | PO Box 1122, Camrose, AB T4V 4E7|