Back in 1936, from within the depths of the Depression, the was established with a $20 gift by Fannie Gadsden, whose son Burges founded the organization from a soup kitchen on Pandora Avenue.
Today, that same $20 remains part of the FoundationB次元官网网址檚 capital, now more than $300 million. B次元官网网址淐onnecting people who care with causes that matterB次元官网网址� remains as important in 2019 as it was then, allowing the Foundation to invest in people, projects and non-profit organizations that make our communities stronger B次元官网网址� now and for the long-term.
That history also underlines the importance of donations of all sizes. While a $200-million grant to McGill University made headlines earlier this month B次元官网网址� and the certainly benefits from some significant bequests B次元官网网址� smaller donations work equally hard to improve this community and the lives of the people who live here.
HereB次元官网网址檚 how:
The second oldest of CanadaB次元官网网址檚 191 community foundations, the Victoria Foundation manages charitable gifts of all sizes to create permanent, income-earning funds that support hundreds of local charities each year. The funds remain with the Foundation in perpetuity, with grants distributed from the investment income.
In fact, the Foundation today grants nearly $2 million dollars per month, amounting to more than $222 million to date!
B次元官网网址淥ur donors appreciate the flexibility we offer. They choose when and how much theyB次元官网网址檇 like to donate, when theyB次元官网网址檇 like to start granting and where theyB次元官网网址檇 like their donation to go,B次元官网网址� explains Sandra Richardson, Victoria Foundation CEO.
1. Consider.
- Donate immediately to an existing fund, including the Vital Victoria Fund.
- With a minimum $10,000 donation, set up a new endowment fund and begin granting immediately.
- Set up a new endowment, but contribute funds over time until you have enough to begin granting.
- Give later through your estate, setting up everything now to ensure your wishes will be met.
2. Choose how much B次元官网网址� or how little B次元官网网址� youB次元官网网址檇 like to be involved in granting. Some have a specific area or charity in mind, while others let the Foundation direct grants based on deep connections with VictoriaB次元官网网址檚 non-profit community forged through the and .
- Set up a Donor-Advised Fund so you can make grants to any registered Canadian charity; you can change your wishes any time.
- Contribute to an existing Designated Fund, or create a new one so your chosen charities receive grants in perpetuity.
- Contribute to an existing , targeting such issues as food security, literacy, the environment and more.
3. Decide what and how : A direct donation today via cash, cheque or credit card; donating publicly listed securities, eliminating the tax on capital gains; or naming the Foundation as a beneficiary of RRSPs, life insurance or your will. Regardless of how you donate, you can have a say in where your donation goes.
To learn more, visit or call 250-381-5532.
