Edmonton Community Foundation
Posted by Vira Hughes
on Mar 23, 2016
On Tuesday Kathy Hawkesworth, pictured, director of the Edmonton Community Foundation, spoke to us about how donations to the foundation are administered.
Our club is currently considering setting up an endowment fund through a donation to ECF. The foundation sets up and administers an endowment fund for donors who donate a minimum of ten thousand dollars. The fund then pays out four percent yearly to either a pre-selected registered charity, or a registered charity of the donor's choosing for that year.
The fund has an administrative cost of 1.3 % per year. They currently have a total of almost five hundred million dollars invested in over 850 named endowment funds, and have granted over eighteen million dollars, in total, to a wide variety of charities and as student awards in 2015.
Kathy Hawkesworth