The majority of the funds in the stewardship of the Parksville-Qualicum Community Foundation are held in perpetuity–only the income is distributed to meet the donors’ charitable objectives. This permanent endowment ensures that the donors’ funds will continue to respond to the charitable needs of the community for generations to come.
The Foundation receives donations from many sources. Donations may be large or small; including securities, cash, real estate, stocks, art works, and insurance policies. Some donors make gifts in their lifetime, while others leave bequests in their will.
The Foundation is comprised of a collection of many separate endowed funds established by individuals, families, charitable donations and corporations–a community of donors. These funds are pooled and invested and the income is distributed as grants to local charitable organizations that meet our criteria.
Donors can choose to donate to a specific fund, or set up a new fund.
What is Our Most Popular Fund?
The most popular fund with our donors is the Community Fund, which provides maximum flexibility to meet changing community needs.
A gift to the Parksville Qualicum Community Foundation can be a simple transfer of assets, administered at the discretion of the Board of Directors, working with their experienced Grant Committee. The donor can choose from a number of fund options to meet personal, financial and charitable goals.
All donations are tax deductable.
Local charitable organizations can also place their endowment funds with the Parksville-Qualicum Community Foundation to benefit from professional management.
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