Types Of Funds

Community Funds

The income from these funds gives the Foundation the flexibility to address emerging needs in our area. Community funds are established for Ashcroft-Cache Creek, Barriere, Clearwater, Chase, Clinton, Lillooet, Logan Lake, Lytton, and Merritt. Grants are made from these funds from the recommendations of local area committees. Community funds are an ideal way for individuals, groups and businesses to make a difference in their communities. All gifts large or small are welcome.

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Discretionary Funds

These unrestricted funds allow the Board to decide where earnings can be used most effectively each year yet allow the donors to name the fund and be recognized. This fund may be suitable for a family, a memorial or a company.

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Designated Funds

These funds allow the donor to specify particular charitable organizations to receive annual support, at the time the fund is established. The fund may be named and this type of fund may suitable for memorials, for family funds or for businesses.

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Agency Endowment Funds

These funds are established by charitable organizations as permanent funds to ensure an ongoing source of support for their programs and operations. They are held by the foundation as designated funds.

Scholarship / Bursary Funds

A named scholarship/bursary fund can be established to ensure funds are available for the continuing education or training of deserving students. This type of fund may be Discretionary or Donor-advised.

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Donor Advised Funds

These funds enable donor participation in the distribution of income from their fund. The funds may be named and are suitable for families, memorials and businesses. Donor advice is welcomed, however, by law, grants to qualified donees must be approved by the Board of the Foundation.

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