Create a new fund

START-UP COSTS – Zero.  There are no start-up costs.

ONGOING COSTS – Annual fees of 1.25-1.5% for the Foundation’s administration management services plus .5% for investment management fees (to our investment manager).

INVESTMENT MANAGEMENT – A Fund Manager (currently Phillips, Hager, & North) is appointed to manage the funds according to the policy.  The Investment Committee of the Community Foundation monitors the performance of the Fund managers as well as their compliance with the Policy. The Committee periodically updates the Policy utilizing the advice of the Manager and others.

CRA REPORTING – The Community Foundation of PEI handles all reporting.

What to do now

MINIMUM CONTRIBUTION – At present, we suggest a very low minimum contribution of $1,000, however it is advisable to try to reach $10,000 within as short a time-frame as possible.

TAX STATUS – The Community Foundation of PEI is a registered charity that issues charitable receipts for direct or third-party contributions.

START-UP TIME – A fund can be established in as little as a few days.  We work with you each step of the way to ensure the fund is established exactly as you wish.

What happens in the future

ADMINISTRATIVE RESPONSIBILITIES & GRANTMAKING – You can direct grants to qualified donees completely, or seek advice, support and direction from The CFPEI regarding key impact areas.

GRANTMAKING SUPPORT – We will work with you every step of the way to ensure that your donations are provided to organizations within your specific area of passion/interest. 

NEXT GENERATION INVOLVEMENT – As a donor, you can involve your family in grantmaking now or set them up to take over the decision making in the future.  We will work with you to develop a strategy that works best for the you and your loved ones.