Types of Funds
If you wish to establish a fund at the Rivers and Area Community Foundation, you choose it’s name and decide how it will work to benefit the community and area. It may also be a tribute or memorial fund. This will depend on what you wish. Your fund will fall into one of the following categories:
Unless otherwise directed, all donations, no matter the size will go into a general fund to respond to the needs in the community.
This fund provides flexibility in responding to the needs within the community. Donations with a cumulative value of $1,000 may be named for an individual, family or group.
The Leonard and Gladys Burt Family Fund
The Leonard and Gladys Burt Fund was started by their family as a way to give back to the community that their parents and grandparents called home—a place where everyone spent hours and hours together doing community volunteering. This fund is unrestricted and may be used for any projects within the community and area.
Field of Interest Fund
As a donor, you identify a general area of interest for fund income – named by the donor, family, group, or in memory of a loved one – a minimum donation of $5,000 to establish this fund.
As a donor, you specify one or more charitable beneficiaries – adjustments can be made to maintain the intent of the donor – minimum contribution of $5,000 is required to establish a fund.
The Society of Friends of Rivers Collegiate Institute
The Society of Friends of RCI Scholarship Fund was formed by former students and teachers to provide a scholarship to a student graduating from RCI who is continuing on to post-secondary education.
Donor Advised Fund
Grants are made in accordance with the donor’s wishes – recorded wishes are carried out forever by the Foundation – in this case a minimum donation of $10,000 is required to establish this fund.
Operating Reserve Fund
Donations to this fund are utilized to defray the cost of operations.