Learn more about the Powell River Community Foundation
Powell River Community Foundation is a local foundation created by and for the people of the City and Regional District of Powell River. We are here to help individuals and groups make an ongoing difference in their community. Essentially, the role of the foundation is to help manage the collection of charitable gifts donated by local citizens. Those gifts are held in perpetuity and invested to produce income which will enhance the quality of life for many in need who live in their community. PRCF is a public charity registered with Revenue Canada and allows individuals, small businesses, large corporations and non-profit organizations, through gifts and bequests, to establish a permanent endowment for their community.
Some facts about the Powell River Community Foundation:
1 - We are a local organization with deep roots in the community
2 - Our volunteers have broad expertise regarding community issues and needs
3 - We provide highly personalized service tailored to each individual’s charitable and financial interests
4 - Our funds help people invest in the causes they care about most
5 - We accept a wide variety of assets, and can facilitate even the most complex forms of giving
6 - We partner with professional advisors to create highly effective approaches to charitable giving
7 - We offer maximum tax advantage under federal law
8 - We multiply the impact of gift dollars by pooling them with other gifts and grants
9 - We build endowment funds that benefit the community forever and help create personal legacies
10 - We are a community leader, fostering collaboration on issues of broad interest to create positive change
FUNDS & ENDOWMENTS
What is an endowment? When you create a charitable fund through your community foundation, you have the opportunity to benefit the community forever with a permanent endowment.
Your gift is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift — and all future earnings from your gift — is a permanent source of community capital, helping do good work today and in the future.
Legacy and stability. Donors who endow their gifts can make a difference in their community during their lifetime and, at the same time, provide a gift that lasts forever. Grants will continue to be made in the name of the fund you establish so that your charitable wishes are preserved, even if an organization receiving grants ceases to exist in the future. Leaders of a non-profit organization may also look to the community foundation to hold their organization’s endowment because they know that having a constant source of funding helps them respond to immediate needs and plan for the future.
Expert help. When donors or non-profit organizations work through the community foundation to achieve their charitable goals, they benefit from the expertise of experienced local program staff, community leadership, and investment management.
Unrestricted Funds: You can use your gift to meet ever-changing community needs — including future needs that often cannot be anticipated at the time your gift is made.
Field of Interest Funds: You can target your gift to address needs in an important area of community life.
Designated Funds: You can direct your gift to a specific charity or issue area.
Donor Advised Funds: You can have ongoing involvement in the use of your gift.
Agency Endowment Funds: An attractive option for local charities that currently manage, or are interested in establishing their own endowment fund.
Establish a fund in your name: Any of these funds can be established in your name, or in the name of your family, your organization, or anyone you wish to honor (minimums may apply.)