You can create a permanent endowment for the betterment of Campbell River by way of two (2) basic funding arrangements available with the Foundation.
- Unrestricted and Field of Interest Funds
- Restricted Funds
The first type of fund is unrestricted whereby donors make a contribution to the Foundation and the Foundation’s granting committee determines which local organizations will receive a grant from the income earned. An offshoot of this unrestricted fund is a field of interest fund whereby the donor indicates that the earned income can only be used to support certain groups such as those for youth or seniors, a sport, or the like.
The second type of fund is restricted whereby donors contribute money to the Foundation and the income earned flows back through to the donating organization. We have invested funds for the Campbell River Museum and Archive Society Endowment and the Centennial Park Preservation and Enhancement Fund. In 2003 the Campbell River Hospital Foundation also invested an amount with us. We are currently discussing with other local organizations the possibility of investing their funds with us.
We should point out that any funds donated to the CRCF are invested by the Vancouver Foundation. They provide us with responsible, prudent investment direction that comes with their years of experience and substantial portfolio size. This allow us to gain economies of scale and expertise not typically available to a foundation our size.