Types of Funds

Donor Fund Options: Living & Testamentary 


Named Fund within the Community Fund 

Donors place no restrictions on the use of the contributions and entrust the Calgary Foundation with the task of identifying community priorities and the charitable organizations best able to meet them.  

Field of Interest Fund  

Donors can direct their charitable giving to a general area of interest. The Calgary Foundation makes grants to the charitable organizations best able to meet needs in the chosen field.   

Donor Advised Fund  

Donors are actively involved in recommending support for organizations and causes that matter to them.  Family succession is extended to two consecutive generations beyond Founding Donors. 

Donor Designated Fund  

Established to support specific charitable organizations.  If a designated organization merges or ceases to exist, the annual distributions are redirected to the successor entity, failing which to an organization with a similar mission. 

Future Fund 

Donors can establish a Fund to receive a bequest left in their Will(s) to the Calgary Foundation.  Direction provided may be amended by the Founding Donors during their lifetime.

Memorial Tribute Funds

Created by donors to commemorate a person, family or important event. Initially, these Funds are deemed ‘Donor Advised Flow Through’ until the family’s readiness to confirm direction and structure after which the relevant documentation is formalized. 

Student Award Funds 

  • Designated Student Award Fund: Donors establish a Fund designated to a specific educational institution that selects deserving individuals pursuing education or training.
  • Donor Advised Student Award Fund: Calgary Foundation administers the Fund by creating and distributing applications and disbursing funds to the institution the selected recipient is attending.

Other than the Memorial Tribute Funds, ALL of the Fund options above constitute a structure that aligns with the Calgary Foundation’s mission to build a permanent endowment.  A “permanent” endowment is a structure whereby all capital contributions are held in perpetuity and the annual spending requirement (disbursement quota) are made available as grants. Alternative Fund terms are also available.