Professional Advisors
The Central Okanagan Foundation staff have worked with dozens of professional advisors to help their clients create a gift that will benefit the community for years to come.
Here are some useful resources:
The Foundation has the infrastructure in place to accept gifts of appreciated securities, life insurance products, bequests and will gifts, as well as memorial and cash gifts.
Once your client has decided to create a fund with the Central Okanagan Foundation the process is quite straightforward.
We do call your attention to the fact that the long passage of time can outdate a fund's initial purpose. A fund for a disease that has now been conquered would be an example. A fund for an organization that has ceased to exist would be another. Organizations sometimes change their missions, merge with others, or change their programs. Our Board has the authority to amend a fund's purpose so as to carry out a donor's intent, if through a change in circumstances, the donor's original instructions cannot be carried out. This authority is outlined in the variance clause in our agreement.
