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Endowment Funds

Endowment Funds: Tools for Giving

We are financial stewards: we work with donors to build endowment and other funds that ensure vital futures for the community. When you create a charitable fund through a Community Foundation, you have the opportunity to provide benefits for the community now and forever with a permanent endowment.

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  • Your gift is invested over time. Earnings from your fund are used to make grants and distributions addressing community priorities. Each 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: Endowment Funds create meaningful, long-term financial sustainability. Establishing a fund enables donors to make additional contributions, both living and testamentary. Grants will continue to be made in the name of the fund you give to so that your charitable wishes are preserved, even if an organization receiving grants ceases to exist in the future. Charities in good standing receive an annual distribution from the fund, which provides a regular source of operating income to support the organization’s working capital.
  • Leaders of non-profit organizations 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

The power of endowment

Mr. F.O. (Pat) Brewster died on October 30, 1982. Born in Banff in 1896, Pat Brewster’s life took him from his father’s dairy on Banff Avenue, to France where he served in the Canadian Field Artillery, and back to the Canadian Rockies where he led Brewster’s Mountain Pack Trains, safely taking visitors on horseback into the backcountry. By the end of his life, Mr. Brewster had also published three booklets of memoirs filled with engaging anecdotes.

In 2006, members of the Brewster family decided to honour his legacy by endowing a portion of his estate with the Banff Canmore Community Foundation. In accordance with Pat’s wishes, the fund continues to support the communities of Banff National Park, and between 2007 and 2017, the Brewster Memorial Fund has grown in value and has distributed over $40,000 to benefit community groups (eg. Food for Learning, community grants, etc) over the 10 year period.

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