What is a community foundation?
A Community foundation is a charitable non-profit organization dedicated to improving communities in a specific region. Its members contribute time, leadership and financial support to local initiatives, helping donors give back where their communities need it most.
Community foundations help Canadians invest in building strong and resilient communities in unique and innovative ways. They link donors with specific community needs and manage long-term endowments to fund strategic granting decisions.
There are 191 community foundations covering 90 percent of communities across Canada, with $5.2 billion in assets under management.
ABOUT WOOD BUFFALO COMMUNITY FOUNDATION
Wood Buffalo Community Foundation is a registered Canadian charity that accepts donations and provides grants to charities and qualified donees in the Wood Buffalo region.
Founded in 2017, we are building our asset base in endowed funds to provide long-term financial support for community projects in health, the environment, sport, arts, culture and other emerging community needs.
Four percent of our endowed funds will be granted annually to qualified donees. Our investment and administrative costs are expected to be in the range of one to 1.5 percent.