Types of Investment Funds

A fund is the term used to describe a donor’s contribution. Your donation can be designated in a number of ways:

Community Unnamed Fund

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The Community Unnamed Fund is the easiest and simplest way to give to the Foundation. Grants from this fund have no designation for their use. The Foundation will designate the grant distribution from this fund. The fund will support a range of charitable projects in the community. This fund is best able to address the changing needs of our community.

Community Named Fund

In a Community Named Fund, the income from this fund will respond to grant applications received by the Foundation from community organizations in an ongoing basis. The fund will support a range of charitable projects and is best able to address the changing needs of our community. An example is a fund named in memory of an individual. There is a minimum contribution of $5,000 to create a named fund.

Designated Funds

The Pinawa Foundation has its invested funds with the Winnipeg Foundation for investment management. The Winnipeg Foundation will set up a designated fund within our main investment fund with a minimum donation of $7,500. Some examples of designated funds are:

  • Administrative Endowment Fund: Established to address the administrative costs of the Foundation. This will usually be set up by the Foundation for its own use to defray administrative costs.
  • Field of Interest Fund: Focuses on a particular subject or area of interest. With your gift, you define the charitable field, such as arts, youth, seniors and culture or health. Funding is not limited to one organization. You, as a donor, will entrust the Foundation to select specific projects that your fund will support.
  • Designated Fund: Grants will be made only to specific qualified donees, you name the specific agencies or favourite charities to benefit from your fund. If your designated charity ceases operation or significantly changes its focus, the Foundation will redirect the grants from your fund to a similar charitable organization.
  • Scholarship Fund: Provides awards to support deserving individuals pursuing advanced education or training. You can set the criteria to determine how students will be selected for the award. The Foundation will not review or select the applicants to receive the awards. Often an educational institution selects recipients.
  • Donor Advised Fund: This fund allows you to be actively involved as an advisor to the Pinawa Foundation. You will work with the Foundation staff and Board in assisting and identifying the charitable organizations that benefit from your fund. This type of fund can be considered as having your own private foundation. It is the most effective alternative to creating your own foundation.
  • Agency Endowment Fund: Charitable organizations that are recognized by the Canada Revenue Agency may establish an endowment fund within the Pinawa Foundation. In this case, the Foundation accepts the administration and investment responsibilities while the organization receives the distributable income on an annual basis.
  • Flow-Through Funds: A flow through fund may be established depending on the size of the donation (this will be decided on a case by case basis) and both the capital and income will be available for distribution.

Other Programs

Leave a Tribute

This is a gift to the Foundation in memory of a loved one or good friend. It is a very important way to keep the memory of someone alive for a long time. When the donation is significant it can be as part of a Designated Fund if desired.

Estate Planning

Consider the Pinawa Foundation as a beneficiary of your will as part of your estate planning. The Foundation could be considered as one of the family and receive a bequest equivalent to that of one of the other members of the family.

Youth in Philanthropy

This is a program to make our youth aware of community philanthropy and to get them involved in community activities as one way to help inspire and insure their participation into the future. Come and find out more about why youth philanthropy is here to stay. See Youth in Philanthropy.

Event Celebration

There are significant events in one’s life such as anniversaries & birthdays that can be celebrated by suggesting that your friends and relatives wishing to provide gifts can make donations to the Pinawa Foundation.

Founders Club

The Founders Club is a way to provide public recognition to the early contributors of the Pinawa Foundation. To become a member of a Founders Club would require a donation of $1000.

Donor Options for Giving and Personal Planning Considerations

Donation Options Minimum Donation Do you get income or use during lifetime? Subject to probate Charitable tax credit available When can the Foundation use the gift? Can you revoke the gift?
Cash None No No Now Immediately No
Securities None No No Now Immediately No
Bequest from Estate None Yes Yes After death in final tax return After Death Yes, by changing your will
Insurance Policy (Foundation is owner and beneficiary) None No No Now and as you pay future premiums After death No- Foundation can pay missed premiums or cash in policy
Insurance Policy (Foundation is only beneficiary) None Yes No Now Immediately Yes. As owner you can change the beneficiary of the policy
Real Estate Check with Foundation Yes No Now Immediately No
Charitable Remainder Trust Check with Foundation You can use property and receive all income generated Only if gift made in your will Now, based on gift value adjusted for life expectancy After death of life tenant (income beneficiary) No
Gift of a Residual Interest Check with Foundation Yes No Now, based on gift value adjusted for life expectancy After Death No