We build connections, which become relationships, which become partnerships for generations
The CBT offers a number of different community fund options that let you choose your level of involvement when it comes to making grants.
Donor-Advised Fund
This is our most flexible fund offering, and the most popular way to give through the CBT – both during your lifetime and beyond.
You can make grants to registered Canadian charities that you would like to support, or leave the decisions to our advisory committees who will evaluate projects on your behalf, ensuring your granting dollars will have the most impact.
Because a donor-advised fund is a lasting legacy that will continue to support the region for generations, planning for the fund’s future is an important consideration. You can appoint a trusted friend or family member as your Successor Fund Advisor, or ask the CBT to carry out your wishes in perpetuity.
The minimum donation of $25,000 is required to open a donor-advised fund.
Field of Interest Fund
These funds allow you to name a field of interest that you wish to support in perpetuity through annual grants.
This is ideal if you know the cause you want to support and can direct the CBT to carry out your wishes in perpetuity.
The minimum donation to establish a field of interest fund is $25,000.
Charitable Organization Fund
This type of fund is set up to benefit a specific registered charity. The fund allows the charity freedom from investment responsibility and gives donors the confidence of knowing that a permanent foundation is in place to professionally administer the charity's fund.
Once established, the charity will encourage its donors to contribute to its organization fund. Anyone can make a donation to a charity’s fund.
The charity decides how the funds will be used and the timing of the distribution payments.
The minimum donation to establish this type of fund is $25,000.
Legacy Fund
A Legacy Fund with the CBT is an excellent way to support your favourite charities and help future generations. It provides flexibility for your estate planning and allows you to shape a future gift during your lifetime.
You can establish a Legacy Fund with a $1,000 gift today. Your donation will be invested in your named permanent endowment fund. The remaining balance of $9,000 or more will come later through your estate, or if you like, through additional gifts during your lifetime. When your Legacy Fund reaches $10,000, you can start granting to the community.
We work with you to create a “Letter of Wishes”, setting out which charities and causes you wish to support. With this documentation in place, your will can simply provide for a gift to the CBT, to be added to your Legacy Fund, without further details.
The minimum initial donation to establish a legacy fund is $1,000.
Community Fund
Community funds consist of donations, large and small, from a variety of sources - individuals, corporations and foundations to target support to a specific geographic community.
Donations to this fund give the CBT the greatest flexibility to respond to current community needs through the provision of grants to charities.
What is the difference between a community foundation and a community fund? Learn more here.
Are you interested in establishing a community fund? Please contact Rebecca, our executive director, to start the conversation.