Endowed Funds

Endowed Funds provide grants in perpetuity. They may be established with a gift of cash, publicly traded securities, or tangible assets, such as, jewellery, art works, or real estate. You can create an endowed fund at any time or as a bequest designated to support NBFA’s programs and general operations or designated for special purposes to suit your personal interests. An endowed fund can be a part of NBFA’s general endowment or be managed separately as a trust.

The way an Endowed Fund works

For the Donor

You may remain an advisor and/or designate your partner, children, or others as co- or successor advisors. Your donation is fully tax-deductible in the year in which it is made within limits provided by Revenue Canada.

For the Arts

Provides support for an arts organization(s) or project(s) in perpetuity by creating an endowed fund that would distribute annually all or part of the interest income while maintaining the principal, to supply ongoing support for projects or fund different projects each year.

Donations

A minimum of $50,000 is required to set up this type of fund. It can be funded through cash, securities, or (if part of a bequest) from retirement plan assets, or a life insurance policy.