Types of Funds
SurreyCares provides several ways to help you improve the lives of others in our community. We have both investment and community expertise to ensure impact for your charitable giving.
A personally named fund can be created with a gift of $10,000 (or $1,000 to start-up). This fund can be customized to meet your personal charitable giving objectives, which may include:
Supporting your favourite charities or charitable causes
Memorializing a loved one, or encouraging a family tradition of charitable giving
Creating a lasting legacy, or providing community support in the short-term
Establishing an educational award (scholarships)
Leaving an estate gift to SurreyCares Community Foundation
Choose between these two fund structures:
1. Donor Advised Fund
Donor Advised Funds are the most popular way to give at SurreyCares Community Foundation. Similar to a private foundation, a Donor Advised Fund enables individuals and families to establish a charitable endowment fund, receive a donation tax receipt and then recommend grants over time. A personally named fund can be created with a gift of $10,000 (or $1,000 to start-up) and will be customized to meet your charitable objectives.
Grants can be made to any registered Canadian charity, or any of our Charitable Causes. Our volunteer advisors will evaluate grant applications annually on your behalf, ensuring your granting dollars will have the most impact. Choose from these Charitable Causes: Community Impact · Addressing Homelessness · Animal Welfare · Arts & Culture · Children & Families · Education · Environment · Health · Social Services · Youth
You also have options for the fund’s long term planning after your passing. You can appoint a friend or family member as the Successor Fund Advisor, or ask SurreyCares Community Foundation to carry out long term support for specific charities or our Charitable Causes.
2. Designated Fund
A Designated Fund is ideal if you have certainty about what you would like to support and want to secure your wishes with SurreyCares Community Foundation. Through a Designated Fund, you can name specific charities or any of SurreyCares Community Foundation’s Charitable Causes (noted above) as your fund’s beneficiaries.
Creating Your Fund
It’s easy to establish a charitable fund at SurreyCares Community Foundation. Our staff will work closely with you, your family, and your financial advisor if you choose, to complete the following steps:
Determine the amount of your gift (Min. $1,000)
Choose what assets to contribute (Cash, securities, life insurance, etc.)
Name the fund
Consider which charities and causes to support
Once you establish a charitable fund, you have the option to create a Personalized Donation Page. We will work with you to develop a webpage that describes the fund’s charitable vision and you will have a custom link to share with your supporters so they can make donations directly to the fund.
For more information or to discuss the needs of your clients please call us at 604-591-2699