The Coquitlam Foundation manages a variety of funds which serve the residents of the City of Coquitlam and the tri-cities.
Over time, private donors have approached the Coquitlam Foundation for assistance and financial expertise in establishing and growing funds that enable the donor to contribute to the community in a unique and ever-lasting way.
Most funds held are ‘endowed’ meaning that the capital is kept in perpetuity but interest earned may be distributed for the public good, in keeping with the instruction provided by the donor.
There are two main types of funds:
Foundation-directed funds are created by and/or managed at the sole discretion of the Coquitlam Foundation Board. These funds are intended to serve broad community interest.
Donor-advised funds are created by residents, local community agencies or businesses and a legal agreement is created with the foundation to manage these funds in perpetuity in keeping with the donor's wishes. These are 'restricted' funds in that the donor has stipulated specific uses for the earnings on the fund. Decisions made regarding annual disbursement of monies may be initiated by the donor or instructions can be left with the foundation to take care of this each year.
Donor-advised funds often support a cause of concern to the donor, or support the charitable work of an organization the original donor wishes to assist. With the Coquitlam Foundation, donor-advised funds currently support many health initiatives such as cancer research, arthritis prevention, stroke recovery and support for those struggling with juvenile diabetes. Other donor-advised funds support arts education, student scholarships, seniors or people in need. Donor-advised funds may be structured as Family, Memorial, Specialty, Agency or Corporate funds.
The public may donate in support of any fund, regardless of whether it is foundation-directed or donor-advised. All disbursements of grants and bursaries are subject to final approval by the Coquitlam Foundation Board whether a fund is foundation-directed or donor-advised.
Enquiries about starting a fund or an existing fund may be directed to the foundation care of email@example.com.
Coquitlam Builders' Fund
The Foundation established the Coquitlam Builders' Fund in October 1999 with monies provided through a gift from the Coquitlam Builder's Trust Fund.
The charitable purposes of the fund include fostering, promoting and increasing public appreciation of, and public interest in, the fine arts, the performing arts and the literary arts solely in the City of Coquitlam. Grants or other forms of financial assistance may be provided to the City of Coquitlam and any charity, holding or having an interest in property in the City that is registered under the Income Tax Act. Preference will be given to assisting the City or charity in the construction, provision, acquisition, improvement or maintenance of an arts facility which is or is to be open to the general public, operated on a not-for-profit basis, located in the City and designed or used to promote public interest in, and public appreciation of, the fine arts, performing arts or the literary arts or the creation or acquisition of artistic or literary works for public display.
Community Wellness Fund
The Foundation established this open fund in 1996 to encourage community wellness in crisis situations. Its purpose is to ensure that when an individual or family needs help in an emergency, funds can be provided quickly. Funds disbursed must be directed to a 'qualified donee' (usually a registered charitable organization) who can assist the individual(s) or family as needed.
The Foundation also established this open fund in 1996. Income from this fund can be used to help eligible organizations provide cultural services. The latter include theatre, music, dance, library and fine arts. Multicultural initiatives can also be considered under the umbrella of this Fund.
This fund was the third open fund established by the Foundation in 1996. The Education fund aims to support educational development programs, enhance programs in arts and science, and/or provide for bursaries and scholarships to post secondary students residing in Coquitlam.
The fourth of five open funds established by the Foundation in 1996, this fund is intended to provide resources for specific projects and programs aimed at enhancing, preserving and protecting the environment.
The last of the open funds established by the Foundation in 1996, this fund was created to help ensure that Coquitlam's heritage is preserved and its contribution to the present is recognized. Grants may be made for physical assets, awareness projects and one time program or projects.
Dr. Crosby Johnston established this fund to benefit seniors in Coquitlam, in accordance with the Foundation's Act and as the Board may direct. A senior for such purposes is a person 65 years of age or over, resident in Coquitlam. Monies may be expended on those who cannot meet the usual costs of living; those who are in need of funds to meet a special health problem or for those in need of financial help in compassionate situations, such as for food, clothing, shelter, and special travel needs. Funds disbursed must be directed to a 'qualified donee' (usually a registered charitable organization) who can assist the individual(s) or family as needed.
Coquitlam Foundation Land Trust
The Coquitlam Foundation Land Trust Fund (the "Land Trust") provides a means for acquisition, conservation, and stewardship of sites, areas and objects of ecological, historical, recreational or agricultural interest in or near the City of
The purposes of the Land Trust include:
Donor-Advised Funds are listed here in the format of fund name (followed in parentheses with information on the fund focus if not indicated by its name).
Family, Memorial and Specialty funds:
Agency funds include:
When your heart tells you it's time to help people in your community, but your head doesn't know where to turn, it's time to look to the Coquitlam Foundation. We're your hometown partner in philanthropy, helping you help your neighbours through charitable initiatives as simple as a one-time donation to our general fund or as profound as the establishment of an endowment fund. Look to the Coquitlam Foundation when you're looking to help.