The gift that keeps on giving!

BALDUR & AREA ENDOWMENT FUND

The Baldur and Area Endowment Fund is a registered community fund established to support cultural, educational, recreational and charitable purposes in the Municipality of Argyle & Village of Baldur.

The fund is a permanent pool of capital made up of gifts and bequests, carefully invested, which provides a perpetual stream of income to assist and support the changing needs of our community.

A gift to the Foundation is not giving your money away, it is investing it in the future of your community.

The Baldur & Area Endowment Fund is an incorporated non-profit corporation which is operating as its own fund under the Killarney Foundation Inc.  The Board of Directors for Baldur & Area Endowment Fund is composed of the Reeve of Argyle, 1 Councillor from Argyle, 1 town board member, Parent Advisory Committee president, Argyle Lodge board member, and Baldur Community Development Association president.  No Director receives any renumeration from the Foundation for so acting.

MANDATE & PHILOSOPHY

The Foundation is to hold its capital in perpetuity, to safeguard it, to increase its value as prudent investment will permit, and to distribute the income annually through grants to qualifying charitable purposes in Baldur and surrounding area.

GIVING TO THE BALDUR & AREA ENDOWMENT FUND

A gift to the Baldur & Area Endowment Fund can help nurture that special community feeling forever.  A gift may be in the form of cash, property, insurance or bequests from grateful citizens who wish to leave something permanently with the community that has been good to them.

Contributions may be made in several ways:

  • A gift or pledge of money
  • A bequest in a will
  • A gift of life insurance by naming Baldur & Area Endowment Fund as a beneficiary
  • A gift in memory of a friend or relative
  • A gift in the family name
  • A mult-year pledge

HOW TO GIVE

A gift may be set up in the name of a donor, his or her family or business.  The funds may also be left unrestricted so the Board of Directors may decide each year how and where it may most effectively be used.

Suggestions showing how gifts may be made by Will:

1.       A Gift to an “open fund”:

To pay to the Baldur & Area Foundation, incorporated under the Corporations Act of Manitoba, the sum of ___________________________________ to be added to the Baldur & Area Endowment Fund.

 2.       A Gift to the “Community Fund”:

To pay to the Baldur & Area Endowment Fund, incorporated under the Corporations Act of Manitoba, the sum of ______________________________ to be held by the foundation and the income there from paid out annually for such objects of The Baldur & Area Endowment Fund as the Board in its sole discretion decides.

 3.       A Gift to take effect following the decease of a lifetime beneficiary:

Upon the death of _______________________________________________ to pay out the then residue of my estate to the Baldur & Area Endowment Fund, incorporated under the Corporations Act of Manitoba, to be held by the Baldur & Area Endowment Fund in an Open Fund and that the income therefrom shall be paid out annually for such objects of the Baldur & Area Endowment Fund as the Board in its sole discretion decides.

 4.       A Gift of any lapsed bequest:

In case any bequests made by this my will shall be reason of the death of any named beneficiary or for any other reason fail to take effect, the property so bequeathed shall be delivered or paid to The Baldur & Area Endowment Fund, incorporated under The Corporations Act of Manitoba, to be held by the Foundation and the income therefrom paid out annually for such objects of The Baldur & Area Endowment Fund as the Board in its sole discretion decides.