CAPITAL FUNDS

New to our Foundation in 2022 but not new to the Community Foundation movement as a whole, was the creation of Capital Funds. Capital Funds are a hybrid of the endowed and non-endowed funds. The capital is initially endowed with the expectation that the capital and investment income will be spent within a time period determined by the Fund Advisor and the Foundation. This option is great for those who wish to make a substantial impact within a set period of time.

The recent downturn in the economy has underpinned the need for us to be responsive and provide opportunities for our donors to create immediate impact. Introducing this new fund type helps us achieve this. In 2022 we introduced 2 new Capital Funds.

Mighty Peace Youth Fund

THE FUND SUPPORTS

Providing youth age 18 and under in Northwestern Alberta with educational opportunities regarding local and global issues, overcoming diversity, promoting civic engagement and encouraging philanthropy.