Named or Family Funds - The Legacy Lives On
A Named or Family Fund gives families or individuals an opportunity to make a lasting contribution to the community. It creates a lasting family legacy, leaving behind a sense of who the donor was. A named or family fund encourages future generations to carry on the tradition of giving back to the community. Many of those who start a Fund have been long-time supporters of Saskatoon Community Foundation, often beginning their contributions through the Century Club.
An Undesignated Named or Family Fund can be established with a minimum contribution of $5,000, which can be donated over a period of time. A minimum contribution of $10,000 allows the donor to create a Designated Named or Family Fund, where the donor decides how the fund's annual income will be spent.
Go to our contact us page to have a representative of The Foundation contact you about starting a Named or Family Fund.
"The Foundation has been near and dear to dad's heart for a long time, and we were all very proud to support something that has meant so much to our parents." Linda Shaw, daughter of the Hon. Sid Buckwold, on the Buckwold Family Fund established in honour of the 60th wedding anniversary of Sid & Clarice Buckwold in 1999.
Types of Funds
Unrestricted Funds provide the Foundation with the most flexibility in responding to grant applications. This type of fund is not tied to any specific agency or field of interest, which allows the Foundation to address pressing, changing needs of the community.
Field of Interest Funds are established by donors who wish to support a specific charitable field of interest, such as arts, education, health, family and community, or the environment. Based on the donor's field of interest, the Foundation selects appropriate projects to support.
Donor Designated Funds are established by donors to support one or more specific charitable organizations in perpetuity.
Donor Advised Funds enable donors to be actively involved each year in recommending recipient charities.
"The Foundation has been near and dear to dad's heart for a long time, and we were all very proud to support something that has meant so much to our parents." Linda Shaw, daughter of the Hon. Sid Buckwold, on the Buckwold Family Fund established in honour of the 60th wedding anniversary of Sid & Clarice Buckwold in 1999
