Your donation, if not designated, is used to respond to the changing needs of Prince Albert and Area.
What is legacy funding?
A legacy fund is a means by which an individual can use a donor advised fund to support the charitable causes that are important to them by planning now but having the charitable donation not take effect until their death.
Families or individuals can make a lasting contribution to the community which carries YOUR Family Name in perpetuity.
Ex - The Gustafson Family Fund within SHARE (above)
A Charitable organization creates an endowment fund within the PAACF to which supporters may contribute. The Income earned by the Fund is paid to the Charity.
You specify one or more charitable organizations as the perpetual beneficiaries of the annual income your donation earns.
You decide how you want the annual income earned from your donation to be used and advise the Foundation on the selection of recipients on a year-to-year basis.
A Fund in your name or a loved one can provide student scholarships. A community foundation helps you define the scholarship criteria, handles all administrative details, and awards scholarships to deserving students in the name of the Fund you establish.
In a lump sum or through regular contributions.
Your will states a Bequest to the Foundation
The Foundation is named as a Beneficiary in your Life Insurance
You make a gift to the Foundation in memory of a Friend or Relative
A gift is made to the Foundation in the name of you or your Family
You make a Pledge to the Foundation to donate a certain amount each year for the cause you chose
The original donation is never spent; it is invested and the income earned is used to support local initiatives and projects as directed by the Donor. An Investment Committee, that is a part of the Board of Directors of PAACF, regularly reviews all our investments to ensure that we earn the highest Return possible.