There are two distinct classifications of funds held in the Capital Account – Discretionary and Dedicated.
Discretionary Funds are funds that support community projects. This category is divided into:
No Limitations Funds give the SCF Board discretion in the distribution of income earned from these funds to support a wide variety of needs and community projects throughout the Shuswap region.
The donor has included in their bequest a preference to the types of projects they would prefer to support and the SCF Board endeavors to meet that criteria.
The donor has selected their fund income be allocated to a field of interest or a specific geographic location within the Shuswap region.
Dedicated Funds are funds established by donors who wish to support a specific charity or advanced educational pursuits for students through scholarships and bursaries. This category is divided into:
These funds are established by donors who wish to support specific charities or advanced educational pursuits for students through scholarships and bursaries.
Charitable agencies in the Shuswap have established their own funds to provide a means of self sustainability. A donor may wish to support a favorite agency by directing a gift to that organization’s endowment fund.
Endowment Funds 101
The Success of the SCF is based on a simple concept. We never spend your gift, but carefully invest it. As the income builds up we only distribute interest created by the fund. So the donation you endowed with us is here for good, working hard and giving back year after year, no matter how big or how small your donation.
- Fund Balance
- Total Granted to Community
* Donation made Year 1. Figures based on a 5% interest rate.