The Friends of Fort Edmonton Funds
In 2018, the Fort Edmonton Foundation Board established The Friends of Fort Edmonton Funds and the Mary Anne Murphy Fort Edmonton Fund with gifts made from two estates.
Donors work with Fort Edmonton Foundation and The Edmonton Community Foundation (ECF), to plan their contributions to the Friends of the Fort Edmonton Funds, to ensure their investments are set up for long-term growth. An endowment fund will have an investment, withdrawal and usage policy governing how it is run. The money in the fund is not immediately granted. Instead, your gift is invested, and a percentage is disbursed to the Fort Edmonton Foundation for use by the Foundation for the purpose it is intended.
Edmonton Community Foundation (ECF)
For 30 years the ECF has used their expertise to help not-for-profit organizations in Edmonton.
Through donors generous support, the ECF was able to grant more than $24.7 million in 2018.
- Provides assurance that programs align to the donor’s values and priorities will survive.
- Creates a legacy; an endowment gift will be invested permanently and can serve as a tribute to the donor. The donor’s values can be extended for future generations.
- A Donor Named Fund can be appreciated immediately in recognition of a donor or the family name once the gift is made.
- Many donors can plan to make larger gifts than they dreamed were possible, thus making a significant investment in the future.
- Endowment gifts are sometimes the donor’s last (and largest) significant contribution from assets accumulated over their lifetime. Great impact can be made to the organizations they value most.
- Creates an ongoing source of income in perpetuity. The charity can count on annual distributions for its charitable work.
- Funds may be designated for endowment by the donor or by the board of directors; guidelines establish investment and spending policies.
- The endowment grows over time with additional gifts from multiple donors.
- A well-managed endowment provides long-term stability, fiscal responsibility, and financial viability.
- Endowments do not create the pressure of immediacy that exists with annual or capital gifts.