Why establish a donor advised fund instead of a private foundation?

Mar 7, 2016 in

Starting up a private foundation requires the donor to create a new organization, establish a board of trustees, obtain registered charitable status from Canada Revenue Agency and keep reporting regularly. A fund at a Community Foundation is far easier and faster to establish and entails no start-up costs. Maintaining a donor advised fund at the Foundation is usually more cost effective than running a private foundation, and the problem of inter-generational succession is resolved. In addition, the donor(s) are free from the responsibility of monitoring grants made and reporting requirements. Our Foundation Administrator handles all of the administrative tasks.

Caledonia Community Foundation

Contact Us

103 Inverness Street, Caledonia, Ontario N3W 1B1

Phone
905 765-4408

Email
info@caledoniafoundation.ca

 

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