There are many benefits to working with the Foundation of Greater Montréal, which allow us to build an optimal bridge between, on one hand, the interests and means of donors and, on the other, the community’s diverse needs. No matter the amount or type of asset you wish to give, the type of fund you’d like to create, or the cause you want to support, your gift will have a real and lasting impact in your community.
Our flexible, personalized approach allows you to create a fund tailored to your every need, while maximizing the achievement of your philanthropic goals and the tax benefits arising from your gift.
FAQ on creating a fund
If you have questions or would like to start a conversation about creating a fund or how the FGM can support your philanthropic project, contact us today!
For individuals and families
With FGM’s support, fund creators can:
- ensure the lasting continuity of their philanthropic commitment and pass their values on to loved ones;
- recommend the organizations that will benefit from their gift, or let our team advise them;
- create an anonymous fund, one in their name or their family’s name, or one in tribute to another person or event;
- use planned giving to create a fund with no impact on their current financial resources.
For charitable organizations
FGM enables registered charitable organizations to:
- create their own endowment fund to finance their operations and mission over the long term;
- have their existing funds managed on their behalf, notably to benefit from FGM’s investment expertise and achieve cost savings;
- receive support in participating in matching programs for which they are eligible.
For businesses
FGM allows businesses to:
- create endowment funds to support their charitable activities;
- consolidate and optimize the impact of their commitment to the community;
- entrust the management and administration of their philanthropic funds to specialists.
Different types of funds
The Foundation offers you great flexibility, with a range of funds that allow the income generated by your gift to be put to use in the most effective way possible.
- Unrestricted fund
You entrust FGM with determining the most pressing needs your fund will address. This ensures that your contribution benefits the community as a whole in the most effective way.
- Sectoral fund
Do you want to support a cause close to your heart, but don’t know the ecosystem of organizations working in that field well enough to make an informed choice? The sectoral fund is for you. In keeping with your general guidelines, the Foundation’s team of experts will select the individual beneficiaries best positioned to address the issues you want to tackle.
- Donor-advised fund
Each year, you recommend to FGM the names of the organizations or sectors that will benefit from your fund’s income. You can make this recommendation yourself, or appoint a loved one or an advisory committee to take on this responsibility.
- Designated fund
You specifically recommend the charitable organization or organizations that will benefit each year from the income generated by your fund. Charitable organizations can also create a self-designated fund with FGM, generating a new source of revenue to support their own activities.
