Creating a Legacy at the Saskatoon Community Foundation For Saskatoon … Forever!
Creating a Donor Advised Fund allows you to make a gift to the Saskatoon Community Foundation, then remain actively involved in suggesting uses for your gift. How it works A personal approach to giving … • You make a gift to the Saskatoon Community Foundation – you can give cash, The Doreen and John McConnell Fund appreciated stocks, real estate, or other assets. The Doreen and John McConnell Fund celebrates the • Minimum donation to establish a donor advised fund is $50,000. life, achievements , interests and public service of Doreen McConnell. This donor advised fund allows • We set up a special fund in your name, in the name of your family or business, or in Doreen’s husband, John, and their children, Mary honour of any person or organization you choose. Ann, Betty Jane and John Jr. to direct funds annually to charities that reflect the many interests of • You receive tax benefit in the year your gift is made. Doreen, who passed away on July 31, 2007 at the • You recommend uses for the fund – working with our professional staff to support age of 80. Doreen appreciated and pursued the arts. She sang the causes and organizations you care about most. for many years in the University of Saskatchewan’s • Your recommendations are presented to our community foundation board for Hallelujah Chorus, United Church choirs, and played piano. Doreen was a thinker and found ideas approval. exciting. She valued education and believed that • We handle all the administrative details and issue grants to charities in the name of even though education and knowledge would cost money, a lack of education would cost more. the fund you establish (if you prefer, grants can be made anonymously). Doreen was concerned about justice, fair play, the • Your gift will be placed into an endowment that is invested over time. Earnings from common good, and in contributing to her community. 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 to Doreen is lovingly remembered as a woman of integrity, who was undaunted by obstacles and do good work forever. always expected the best in people around her. She never complained and quietly continued on life’s More benefits path while challenged with colitis, an ileostomy and Because you set no restrictions on the use of your gift, it enables our experienced staff and board to do congestive heart failure. what they do best – assess community needs and respond by issuing grants to the non-profit organizations that undertake our community’s most critical work. Unrestricted Funds help your Doreen McConnell – an ideal partner, mother and grandmother is lovingly remembered for devoting community foundation to support long-term solutions; respond quickly to immediate needs; and meet her life to her family and community. changing social, cultural, educational, or environmental necessities in our local community. Grants are made in the name of the fund you establish, creating your personal legacy of giving. You Information adapted from the may give your gift immediately or through your will or other estate planning strategy. If you endow Community Foundations of Canada your gift, it becomes a permanent resource for the community.
When you establish an Unrestricted Fund , your gift addresses a broad range of local needs – including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and social services, neighbourhood revitalization, and more. The flexibility of your unrestricted gift enables the Saskatoon Community Foundation’s local experts to respond to the community’s most pressing needs, today and tomorrow. How it works Meeting ever-changing needs … • You make an unrestricted gift to the Saskatoon Community Foundation during your lifetime or through a bequest in your will or life insurance. You can give cash, The C.A. and Eileen M. Wheaton Fund appreciated stocks, real estate, or other assets. Saskatoon was central to the lives of C.A and Eileen • Minimum donation to establish a designated fund is $5,000. Wheaton. They loved this city and, over the years, found many avenues to devote their energies to the • We set up a special fund in your name, in the name of your family or business, enrichment of the lives of its citizens. or in honour of any person or organization you choose. Both C.A. and Eileen were born in Winnipeg, then • You receive tax benefits in the year your gift is made. moved to Saskatchewan as infants, Eileen to • Our grants committee of community volunteers determines the areas of Outlook, C.A. to Saskatoon. They met at the University of Saskatchewan and married in 1939. community need that would benefit the most through grants from your gift. • Our board issues grants in the name of the fund you establish (if you prefer, C.A. ran the family business, Wheaton Electric Co. Ltd., founded by his father A.J. Wheaton and uncle grants can be made anonymously). C.R. Wheaton in 1913, from 1946–1963. He was • We handle all the administrative details. proud to have designed the electrical systems in • Your gift is placed into an endowment that is invested over time. Earnings from many major Saskatoon buildings. your fund are used to make grants addressing community needs. Your gift – and All through their long lives C.A. (1909–2005) and Eileen (1916–2008) were devoted to community all future earnings from your gift – is a permanent source of community capital, service, and their practical accomplishments are helping to do good work forever. many and lasting. They lived in and loved Saskatoon for more than 7 decades, and were champions of More benefits the city long before it was the major Canadian city Because you set no restrictions on the use of your gift, it enables our experienced staff and board to that it is today. As such, they chose to make do what they do best – assess community needs and respond by issuing grants to the charitable provisions in their wills for their legacy to live on organizations that undertake our community’s most critical work. Unrestricted Funds help your through an endowed fund, The C.A. and Eileen M. community foundation to support long-term solutions; respond quickly to immediate needs; and Wheaton Fund. Their fund provides annual support meet changing social, cultural, educational, or environmental necessities in our local community. for the Quality of Life grants program. Grants are made in the name of the fund you establish, creating your personal legacy of giving. You may give your gift immediately or through your will or other estate planning strategy. If you endow your gift, it becomes a permanent resource for the community. Information adapted from the Community Foundations of Canada You can add to your gift at any time – even grow it or change it to a field of interest, designated or donor advised fund when you meet the additional requirements.
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