Type of funds

CHOOSE YOUR CAUSE AND YOUR WAY OF GIVING

The Foundation of Greater Montreal assures donors great flexibility. It offers a wide range of funds so you can distribute the income from your gift as you see fit.

You can choose from the following types of funds

Community Funds: Donors entrust the FGM with identifying the community’s evolving priorities and the charitable organizations best able to meet the most pressing community needs. Donors are also assured that their contributions will improve the quality of life of the community as a whole.

Designated Funds: Donors specifically designate one or more charitable organizations to benefit, in perpetuity, from the yearly income generated by the donor’s fund. If a designated charitable organization ceases to exist, then the income will be subsequently redirected to an organization with a similar mission.

Donor-Advised Funds: Donors make annual recommendations to the FGM regarding organizations or sectors that can best benefit from grants derived from their funds. Donors may make the recommendations themselves, or name a family member, heir, or close friend to do so on their behalf.

 

Field-of-Interest Funds: Donors choose to support one or more of the following sectors of interest: arts and culture, education, environment, health, and social services.

Scholarship Funds: Donors request that the income from their funds be used to award scholarships to help students reach their academic goals. Donors may specify admissibility criteria.

“I set up a fund at the FGM because, in addition to offering a number of fund options, the FGM’s structure is flexible and simple. The Moreault Family foundation Fund is a donor-advised fund, in honour of my father and son. Each year, I can recommend the sector or organisations that will benefit from the revenues generated by my fund. These revenues will be granted to organisations dedicated to medical research and to the care of sick children.” – Patrick Moreault
“My husband, Ke Chin Jimmy Ho was a successful businessman. His whole life was devoted to his work. It is with as much passion, determination, and courage that he fought an illness that was diagnosed too late. I wanted to create this fund in my husband’s name to preserve his memory and this values. I dedicate this fund to the health sector, more specifically to cancer research and diagnosis, and to support cancer victims and their families.” – Lisa Ho

GeNeRAL INFORMATION

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