Endowment Funds

Unique Donor Opportunities

The St. Albert Community Foundation offers flexibility and unique advantages to donors.  Donors can choose the following options for their donations:

Endowment Funds Administrated by the Edmonton Community Foundation

The St. Albert Community Foundation has entered into a series of agreements with donors and the Edmonton Community Foundation (ECF) by which the ECF has agreed to administer the following funds including any additional contributions received by the Foundation or the ECF. These funds are pooled with the assets of the ECF and may consist of money market funds, bonds, and debentures, mortgage funds, real estate investment trusts, or domestic and foreign equities. During the year, the Foundation received funds of $744,112 (2018 – $81,829) from various donors that were transferred to the ECF.

Under the terms of the agreements, the endowment funds are characterized as permanent endowments and are recorded in the accounts of the ECF along with any income earned on the funds. Accordingly, the endowment assets and income are not recognized in the financial statements of the St. Albert Community Foundation. A portion of the income from the funds is paid to the Foundation in the form of grants on an annual basis for administration by the Directors of the Foundation in accordance with the objectives set out in the original donation agreements.

These endowment funds may be transferred back to the Foundation with the consent of the original donor.

Restrictions relating to the distributions from the endowment and non-endowment funds are described below:

CommunityDonors indicate that distributions are to be made according to the Foundation’s general distribution policies and guidelines, primarily in response to applications received from community agencies.

Field of interestDonor agreements indicate the area(s) of special interest for support.

Scholarships bursaries and awards Scholarships, bursaries, and awards are granted to students for a wide range of continuing education opportunities.

Designated Donors indicate one or more specific charities to support.

Donor-advisedDonors consult with the Foundation and regularly advise regarding the distributions from these funds.

Combined PurposeDonors indicate that portions of the net proceeds are to be distributed using some different strategies including discretionary, donor-advised, and designated.

Community Funds

St. Albert Community Fund

The Fund provides the Foundation with the flexibility to decide where the earnings can be used most effectively each year to meet the community’s needs as they change from generation to generation.

St. Albert Help Society Fund

The St. Albert Help Society was an initiative of a conscientious group of St. Albert citizens committed to ensuring that those of advanced age and failing health could stay at their own homes as long as possible. The group funded projects which would enable respite care and care-giver relief as well as other aids to the infirm. The St. Albert Community Foundation is honored to have been provided an endowment by the Society to continue to pursue these noble objectives.

Petter Family Fund

Jackie & Ed Heitzman Family Fund

Fischer Family Fund

Field of Interest Funds 

Donor agreements indicate the area(s) of special interest for support.

Thatcher Neonatal Care Fund

Designated funds allocated annually to charities which have among their objects the providing support to the neonate including research & education.

St. Albert Youth Mental Health Fund

Erin James Fund

Canadian Parents for French Alberta Branch Fund

St. Albert Youth Community Centre Fund

Funds for services and programs related to youth at risk.

Scholarships, Bursaries, and Awards Funds 

Scholarships, bursaries, and awards are granted to students for a wide range of continuing education opportunities.

St. Albert Humboldt Remembrance Award Fund

This fund provides scholarships in memory of Jaxon Joseph, Conner Lukan, Logan Hunter, and Stephen Wack.  For scholarship, criteria Click here .

Constable David Wynn Fund

Stanley Dennis Memorial Fund

The fund provides annual scholarships to graduating students at Paul Kane High School. For scholarship, criteria Click here.

Designated Funds 

Donors indicate one or more specific charities to support.

Harder Fund

Jackie Heitzman Scholarship Fund

KDM Helping Hands Legacy Fund

St. Albert Library Future Fund

Funds to secure the future viability and vitality of the Library by supporting major programs and projects, including new library facilities.

Donor-Advised Funds 

Donors consult with the Foundation and regularly advise regarding the distributions from these funds.

Jamison Family Fund

Bruce and Cindy McPherson Fund

Rouse Family Fund

Brick Family Fund

Combined Purpose Funds 

Donors indicate that portions of the net proceeds are to be distributed using some different strategies including discretionary, donor-advised, and designated.

Roger & Rose Hulet Legacy Fund

St. Albert Space Camp Fund

Annual proceeds supporting children and youth in the St. Albert Community.

Ron Hodgson Family Fund

Shelemey Family Fund

Davidson Family Fund

Ken & Wendy Macrae Family Fund

Community Grants Programs

Canadian Parents for French