Created in 2005 (Alberta’s Centennial Year) the Legacy Club provides an opportunity for everyone to create and build their own community legacy.
The Legacy Club runs each year and is simple, unique and lasting. A Legacy Club membership can commence with as little as $500 received by December 31st.
Once Legacy Club donations exceed $1000, the funds are placed in an endowment named by the donor. For example, it could be a family or business name or perhaps it could be in memory of a loved one. Your fund is pooled together with other donations and invested. The interest is then used to make grants to local Southeastern Alberta charities. The original gift is never touched and becomes a never ending source of income for the community – a true legacy.
The type of endowment can be chosen depending on the size of the gift as follows:
Pledged Fund (minimum $500)
Allows a named fund of any category to be created. A pledged fund requires regular contributions until the desired amount is achieved. No disbursements are made until a minimum of $1,000 is reached.
Smart & Carting Community Fund (minimum $1.000)
Large and small gifts are combined and the income is distributed through a grant application process. This fund ensures that the changing needs of the community are addressed in a timely manner.
Designated Fund (minimum $5,000)
You choose a favourite registered charity and the income from your fund is distributed to that charity in your name every year.
Field of Interest (minimum $10,000)
The Foundation will direct the income from your fund to particular area of interest e.g. arts; youth; environment; health.
Donor Advised (minimum $15,000)
You advise the Foundation each year as to which charitable organizations are to benefit from the fund income. You have the opportunity to change your focus every year. This is an ideal way to involve the whole family or all the employees of a business.
2014 Legacy Club is now available. Call 403.527.9038 today and become a 2014 Legacy Club member.
The Community Foundation of Southeastern Alberta constantly thrives to strengthen our role of improving the quality of life for residents throughout our area. Since 1992 we have developed permanent endowment funds; distributed responsible grants to local charities; and proactively engaged in community life.
During Alberta’s centennial year in 2005, we introduced the “Legacy Club” which continues as a simple unique and lasting way for supporters to help achieve the goals of the Community Foundation with a cash donation to an endowment fund.
As an extension of the Legacy Club, we would like to recognize and salute those who have taken their commitment to the Community Foundation a step further by becoming a “Heritage Member” of the Legacy Club!
Heritage Membership is exclusive to those who have included our Community Foundation in their future plans with a gift through a bequest, life insurance, trust arrangement or other asset of choice.
Heritage Members have made a conscious decision to build today into a better tomorrow…and deserve to be recognized and honoured for their foresight and planning. They believe in the core values and potential of our community today and further believe that a structured gift in a Community Foundation endowment fund will ensure an even better, more vibrant future for generations to come.
104, 430 – 6th Avenue S.E.
Medicine Hat, Alberta T1A 2S8
Phone: (403) 527 9038
Fax: (403) 527 9204
Charitable Registration Number 136030285RR0001