FAQ

What is a community foundation?
A community foundation is simply a collection of individual charitable gifts that are pooled and invested carefully. The investment income is then distributed as grants to local charitable organizations. The capital pool is never touched but provides a perpetual source of income that can be used to meet our community needs.
Community foundations are springing up across Canada, as government and corporate funding sources shrink. Community foundations allow citizens to give back to their communities and leave a permanent legacy. They also assist communities to develop the ability to better meet their own needs.
Who benefits from the Foundation
Donors
People often want to give something back to Nelson and area but they also want to know their charitable dollars are used wisely. Donations are tax deductible, and the Osprey Community Foundation is committed to: prudent investment of donated gifts, using the financial management services of the long-established and very successful Vancouver Foundation careful, fair and open grant-making, ensuring investment income is re-invested where it’s most needed in our community.
The Community
The Community Foundation is a vehicle that increases our community’s ability to care for itself and meet its needs, now and forever. Charitable organizations can apply to the Osprey Community Foundation for grants to support new or existing programs, capital projects, research, public awareness projects and/or innovation. Using an established application process and the knowledge of the foundation’s board of directors, grants are made to worthwhile causes in Nelson and area in a fair and effective manner.
How and what can I give?
Many options are available in making a gift to the Osprey Community Foundation.A gift can be:

  • an outright gift or pledge of cash
  • a bequest in a will
  • life insurance
  • stocks or bonds
  • real estate or other tangible property

Donors designate how their gift will be used in the community, through the following options:

  • Community Fund. The donor allows the governing board to make the decision on use of the earnings from the fund.
  • Field-of-Interest Fund. The donor specifies a general area of interest (education, youth, seniors, the arts, environment, etc.) and the governing board allocates grants to agencies within that area.
  • Donor Advised Fund. The donor enjoys ongoing involvement in the distribution of their gift.
  • Designated Fund. The donor restricts grants to particular agencies or a specific cause. A fund can be established and named to honour a family or in memory of a loved one.

The first step is to contact us so that you can get more information on fund types and which one(s) best suit your wishes and needs.

What types of projects and endeavours are supported?
Charitable organizations can apply to the Foundation for grants to support new or existing programs, capital projects, research, public awareness projects and/or innovation. Eligible projects include:

  • program support
  • capital projects
  • research
  • public awareness
  • innovation

Fields of Interest:

  • Arts, Culture and Heritage
  • Child, Youth and Family
  • Seniors
  • Health
  • Social and Community Services
  • Education
  • Environment
  • Recreation
  • Community Economic Development
How do I apply for a grant?Charitable organizations can apply to the Osprey Community Foundation for grants to support new or existing programs, capital projects, research, public awareness projects and/or innovation. Using an established application process and the knowledge of the foundation’s board of directors, grants are made to worthwhile causes in Nelson and area in a fair and effective manner. Our goal at the Osprey Community Foundation is to have a community legacy that returns real dollars back to the community each year. Check here for more detailed information and granting guidelines.
How do you work with other agencies, foundations and organizations in the area?
The Osprey Community Foundation is committed to working with other agencies, foundations and organizations to increase the level of charitable giving in Nelson and area. Instead of carving up the pie into smaller pieces, these cooperative efforts will increase the size of the pie. Everyone benefits by increasing the awareness of options for charitable giving in our community.
We are modeled after and advised by the Vancouver Foundation, Canada’s largest community foundation, with assets of more than $1 billion. We encourage agencies, foundations & organizations with existing endowments to pool them with the Osprey Community Foundation where, because of pooling in higher yielding Vancouver Foundation funds, the returns may be larger.
Who makes up the Osprey Community Foundation?
The foundation is run by a volunteer board of directors—a broad-based group of community-minded individuals who bring diverse experience and background to the table. You can meet them here. We also draw on the wisdom and expertise of those on our Advisory Committee. Others in the community support the Osprey Community Foundation by becoming members.
Where is the endowed money invested?
We invest our capital with the Vancouver Foundation, Canada’s largest community foundation, with assets of more than $600 million. All new donations go into the Vancouver Foundation’s Socially Responsible Investment fund.
What type of legal entity is the Osprey Community Foundation?
The Foundation is incorporated as a not-for-profit corporation (without share capital) under part II of the Canada Corporations Act. The foundation is also a registered charity with the Canada Revenue Agency (Charitable Tax # 87492-5928 RR0001).
What is the Osprey Community Foundation's charitable tax number?
The Foundation is a registered charity with the Canada Customs and Revenue Agency (Charitable Tax # 87492-5928 RR0001).
What geographic area does the Osprey Community Foundation serve?
The Foundation will review grant requests for projects that will benefit residents within the City of Nelson and the Regional District of the Central Kootenays areas E and F. Residents of northern Kootenay Lake should contact the Community Foundation of North Kootenay Lake.