Creating an Endowment Fund

With the Clayoquot Biosphere Trust it’s possible to give back to your community now, and leave a legacy for the future as well. We work with you to set up an endowment fund dedicated to philanthropy. We help you put aside money that will be used for the charity or project of your choice.

Many families choose the CBT as an alternative to setting up a private foundation because of our connections to the community, and simply because it’s easier administratively. It’s like having your own family foundation, but without all the expense and book-keeping. Families can then focus on the most fulfilling part… giving.

CBT board and staff were the first to seed new endowment funds in 2015! Contact the CBT to learn more about our role as a foundation and how your gift will give back for years and years.

It’s easy to set up your own endowment fund. The CBT will do all the paperwork and we look after issuing your grant cheques. Here are the basic steps we take to establish an endowment fund:

1. Discussion
The CBT wants to understand your philanthropic goals and wishes. We would like to be clear about the purpose of your gift, the type (such as cheque or bequest) and amount of the gift, the amount of ongoing involvement you wish to have, and the type of recognition you wish to receive. This information will help us to document your gift appropriately. Once these basic questions are answered, we will draw up a draft “fund deed” for your review.

2. Documentation
Once we understand your goals, we will draft a “fund deed” for your review. This written agreement sets out the purpose of the fund, the responsibilities of the CBT and any specific requirements relative to your gift. The wording has been designed to meet the Canada Revenue Agency’s requirements for charitable giving. You will receive a copy of the draft fund deed for your approval and we will be ready to accept your financial gift and issue a charitable tax receipt. The fund deed will then be approved by the CBT Board and you will be provided with a copy of the approved fund deed for your records. The CBT will also maintain a copy.

We are grateful to you for supporting the work of the CBT. To start a discussion about establishing an endowment fund, please contact our executive director, Rebecca Hurwitz, at 250-725-2219.