Want to Set Up a Fund with CFKA?

It’s easy to set up your own endowment fund. We will do all the paperwork, and we look after issuing your annual grant cheques. You simply need to make three decisions:

1. The Timing

Do you want your fund to be established:

  • Now (and you can start giving grants and seeing impact right away)
  • Over time, through contributions
  • Later, through your estate

2. The Type of Fund

Pick the Type of Fund based on what you would like to support and how involved in the annual decision making you want to be. We have a variety of fund types to choose from, and we can help you pick the one that is right for you based on your interests:

  • A traditional endowment fund– a ‘forever fund’ where only a percentage of annual earnings will be spent:
Traditional Endowment Funds Minimum Gift to Establish Fund Administrative Fee 
Operating Fund (supports CFKA) $10,000 0.0%
Community Fund $10,000 1.5%
Field of Interest Fund $10,000 1.5%
Donor Designated Fund $10,000 1.5%
Donor Advised Fund $25,000 1.5%
  • Our new ‘enhanced spending’ option– which will draw down the capital of your fund over time; so it won’t last forever, but it will grant more money out each year at twice the approved rate of traditional endowement funds  (while still lasting a long time):
Enhanced Spending Funds Minimum Gift to Establish Fund Administrative Fee 
Community Fund $25,000 1.5%
Field of Interest Fund $25,000 1.5%
Donor Designated Fund $25,000 1.5%
Donor Advised Fund $50,000 1.5%

3. How to Give

  • You can choose any number of financial tools to establish and grow a fund, including: cheque, credit card, public securities, life insurance, or charitable bequest.
  • Many of our donors establish funds with gifts during their lifetimes and also make provisions through estate planning to further build the fund’s capital.
  • Your gift can be one time, or pledged over a period of time (monthly or annually).
  • Creation of a fund with CFKA requires the minimum for a named fund ($10,000- $50,000) within five (5) years. You decide how much you want to give over what period of time.

Resources

PDF – Setting Up a Fund With the Community Foundation for Kingston & Area

PDF – Kingston Life Insert: Want to Make a Difference in Your Community?

Managing Funds at CFKA: Investment Policy, Fund Admininistration Fees Policy, and Spending Policy 

PDF – Master Investment Returns & Investment Commitee Members

Contact Us

For further information about establishing an endowment fund, please contact Stacy G Kelly, Executive Director, at ed@cfka.org or 613.546.9696, Ext. 102

We are grateful for all gifts to the Foundation and would be happy to speak with you about your charitable giving goals.

 

❱ Granting Programs

❱ Create a Fund

❱ Funds List

Subscribe To
Our E-Newsletter

Sign Up Print

275 Ontario Street Suite #100
Kingston, ON K7K 2X5
Phone: 613.546.9696
Fax: 613.531.9238
Email: info@cfka.org

 

 
 
 
Community Foundation for Kingston & Area