What Happens To Donated Funds?
The foundation keeps administrative costs to a minimum, ensuring that each donor dollar has a maximum impact. A minimum of 92.5% of all donated funds go directly to the project designated. The remaining amount is retained to help us cover the costs of administering the projects.
The foundation also requests matching grants from government agencies in order to multiply the amounts available for project implementation. The Canadian International Development Agency (CIDA) provides a two to one match for many of our projects. The three prairie provinces also support some of our projects with a one to one match, mainly the Wild Rose Foundation in Alberta.
The Result
A donation of $100.00 to the foundation will typically result in the following:
- $ 92.50 - donated funds sent directly to the project.
- $ 185.00 - two-to-one CIDA matching grant sent directly to the project.
- $ 7.50 - donated funds retained for Canadian admin. costs.
- $ 285.00 TOTAL
- $100.00 becomes $277.50 for the project and only $7.50 is retained for administration!
In some cases, both a Wild Rose Foundation grant and a CIDA grant will multiply donated funds for a specific project. In these cases, the $100.00 donation can actually become $555.00 for the project with only $7.50 going toward administration!
Please note that the monies above are generated by income only, from the Alphonse Gerwing Charitable Foundation and the principal is never touched AND IS ALLOWED TO GROW.
Alphonse Gerwing Charitable Foundation Inc.
About Planned Gifts...
Bequest
When you leave a gift to the Foundation in your will, this gift is
called a "bequest." The gift can take many forms, including a gift of a
specific amount or a gift of a portion (e.g., a percentage) of your estate.
Endowment
When you make a gift to The Foundation that requires The Foundation to spend only income earned on the gift (and not the gift itself), the gift is called and "endowment." The Foundation has a number of endowment funds already in place to which contributions can be made. Alternatively, it may be possible to establish a new endowment fund.
Gift Of Property
Some examples of gifts of property made to The Foundation include real estate, art, and marketable securities (i.e., stocks, and bonds).
Life Insurance
You may be able to gift ownership of a life insurance policy to The Foundation during your lifetime and, if done correctly, such a gift may entitle you to a tax credit. There are a number of other ways in which life insurance products can be used to make a gift to The Foundation.
Charitable Remainder Trust
A "trust" is an arrangement under which you transfer property to a trustee to administer for the benefit of one or more persons or organizations.
PLEASE NOTE:
The proper designation for The Foundation in a will is The Alphonse Gerwing Charitable Foundation Inc.
If a service or geographic designation is required, please contact one of The Foundation's officer's for specific wording.
For more information about donations please contact Ted Gerwing at tedgerwing@sasktel.net or call (306) 974-3771.
Or to use your credit card click the button below. To receive a receipt in the mail, please fill out the shipping address form on PayPal.