Quote:
Originally Posted by fotze
What does the Calgary foundation do?
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Quote:
Originally Posted by octothorp
They don't run many specific programs themselves. Mostly, they help to fund projects organized by other charities through grant programs. So, any local charity can apply to them for funding for specific projects (or for organizational development) that will improve the community.
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Actually, TCF (
http://www.thecalgaryfoundation.org/) does a number of things:
- they manage funds for people who want to use their money philanthropically; either these folks create a "fund" or have a foundation of their own and give the money to TCF to manage. This includes both income generation and distribution to charities. Most of these "funds" are endowments (ie the capital is never spent; they just spin off income annually)
- they run "flow throughs" for other charities who don't want to operate programs, but want their funds used appropriately; they receive and flow through the funds to designated organizations for specified purposes;
- they educate the public on philanthropy
- they don't run service programs of their own; their business is service to other charities and to investor-donors
They have just under $500 million in assets under management and are an organization on which other community funds model themselves. They are extremely professional and well-run.