Friends of Kananaskis County Legacy Fund – FAQ’s
- What is an endowment fund?
Think of an endowment fund as an untouchable savings account. The principal is maintained in perpetuity. Investment returns create a source of income. Income from our endowment fund will give us long-term financial stability.
- What is the purpose of the Friends of Kananaskis County Legacy Fund?
Friends of Kananaskis Country has established the Friends of Kananaskis County Legacy Fund to provide a stable base of funding in perpetuity, to be used where most needed.
- Why should you give to the Friends of Kananaskis County Legacy Fund?
The Friends of Kananaskis Country depends on the generosity of individuals, businesses and organizations to maintain its operations. With your support, we continue to deliver educational programs, trail care activities and other programs that allow individuals and groups to experience Kananaskis Country through engagement and sharing.
When you contribute to the Friends of Kananaskis Country Legacy Fund, you create a long-term legacy for future generations of Kananaskis users.
- How much does it cost to operate the organization and its programs?
We work hard to keep our costs down and our operations efficient. Our average annual costs to operating our programs is approximate $90,000 per year.
- What is our fundraising objective?
Our initial objective is to raise at least $100,000 for the Friends of Kananaskis Country Legacy Fund by 2030, with the ultimate goal to raise more than $500,000. To date, over $10,000 has been raised.
- Who will administer the Fund?
The fund has been established at the Calgary Foundation.
- What is the Calgary Foundation?
The Calgary Foundation is a Community Foundation that, in the simplest terms, is a charitable organization dedicated to improving community’s in specific geographical areas. Foundations do this by pooling the charitable gifts of donors to create endowment funds and using the investment income to make grants.