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Benefits of Working with the
Community Foundation
Simplicity.
A gift to the Foundation simplifies charitable giving. Several charitable organizations
or causes can be supported with a single gift. We take of the paperwork -
grant applications, disbursements as well as all the administrative and
reporting requirements.
Options.
We offer flexible options to donors and a variety of funds
providing varying degrees of involvement. A wide variety of gifts can be
made and donors can choose to receive acknowledgement or to remain anonymous.
Investment Expertise.
The Foundation works with a professional investment manager
whose performance is overseen by a specially recruited Investment Committee to
provide strong stewardship of the Foundation's assets. Funds are pooled
and invested under guidelines provided by the Foundation's conservative and
balanced investment policy. We have a proven track record of achieving
security of capital and a rate of return that ensures we meet donor expectations
for grant disbursements.
Permanence and Continuity.
For over 15 years the Community Foundation has focused on
building permanent endowment funds. The Foundation has a
carefully crafted policies to ensure that the original gift is protected.
Only the annual income can be spent. As a donor you can be assured that
your donation will remain intact in perpetuity - a lasting legacy, giving back
forever.
Tax Benefits.
The Foundation is a registered charity under the Income Tax Act.
Gifts made at any time will result in important income tax benefits. There
is no longer any tax on the gain of gifts of publicly traded securities to a
publication foundation such as ours and a charitable tax receipt is provided for
the full market value of the securities.
Community Leadership.
The Foundation helps individuals from all walks of life who
wish to make a difference in their community. We work with donors and
their families ensure the best use of donated gifts through the detailed grant research of
our staff and rigorous oversight and proven judgement of the Board of Directors
- local citizens from the Public, Private and Not-For-Profit sectors. We
are community builders, we act as a catalyst for community action and a resource
for philanthropy. We help people improve the quality of life in their
community.
Accountability.
The Community Foundation of Medicine Hat & Southeastern
Alberta is a responsible steward of the assets entrusted to us. We ensure
that donor agreements are in place, and that we comply with Canada Revenue
Agency disbursement and reporting regulations. With an administration fee of only
1%, the Foundation provides value for money, impeccable quality of service and
lasting legacy for the community.
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