What are Endowment Funds?
Endowment funds are investments established by community foundations to provide grants to their community.
Gifts to a community foundation are held in endowment funds and invested. A portion of the income generated by that investment is distributed as grants into the community. The initial gift is never spent so it will continue to support and benefit your community forever.
Community or unrestricted funds allows community foundations to support their community’s current needs and emerging opportunities. The community foundations accepts and reviews grant applications, and makes the grants to local charitable organizations and municipalities. Your gift to a community fund is a long-term investment that will have the greatest impact in your community.
The Smart and Caring Community Fund
You may make a donation to the Foundation at any time and entrust them with placing your donation where it is needed most. The Foundation is happy to support local recreation, arts, community services, and education.
You may simply donate money to the Minnedosa and District Foundation or consider doing the following:
Make a Special Gift
- Make a gift in memory of a loved one
- Include the Foundation in an annual charitable contribution
- Think of the Foundation when you are collecting for an event and want to leave a donation to charity.
- Instead of gifts or flowers at a birthday or anniversary, suggest a donation to the Foundation.
- Take advantage of tax incentives by leaving a gift to charities in your will. This not only allows you to leave much needed money to a community charity, but also lessens the tax bill for your estate, leaving more for your loved ones.
- Leave a life insurance policy with the benefactor the Minnedosa & District Foundation
However you choose to leave your legacy we will be happy to work with you to achieve your goal. Feel free to ask us any questions you may have about donating.
If you are interested in contributing to the Foundation and the community, you may mail your donation to Minnedosa and District Foundation, PO Box 1980, Minnedosa, MB R0J 1E0, contact any board member or donate online.
Verna Averill Memorial Fund
In 2010, the Minnedosa and District Foundation received a $1,000,000.00 bequest from the estate of Verna Averill. After some other bequests the balance of Verna’s estate was left to the Foundation.
Having grown up and gone to school in Basswood, Verna taught in small schools, which inspired her love and appreciation for the efforts of local organizations and their fundraising activities. Along with her husband Leonard Averill, Verna was always willing to donate to any local cause, and always had an interest in the community and education.
Her significant donation has allowed the Minnedosa and District Foundation to continue the giving that had always been a part of Verna and Leonard Averill’s life.
With Verna’s donation and another $65,000.00 from Leonard’s estate and other numerous estate bequests and donations the Foundation now has over 1.3 Million dollars in perpetuity and will be able to donate the interest generated from these funds back into the community each year. This donation has the potential of putting over $1,000,000.00 back into the community over the next 20 years. This will allow Verna Averill, through the Foundation, to continue her desire to help local causes and provide much needed funding for these causes.
Minnedosa Heritage Village and Museum Fund
The Minnedosa District Museum and Heritage Village Fund was established during the summer of 2014.
You can now make charitable and “In Memorial” donations directly to this Fund, and through the Minnedosa Foundation you will receive a charitable donations receipt. Donors can be confident that these gifts will generate funds to be used only for, and at the discretion of, the Minnedosa District Museum and Heritage Village Board. Board Member Susan Proven generously contributed the initial donation to establish the Fund.
Shawn Cooper Memorial Scholarship Fund
The Cooper family established the Shawn Cooper Memorial Scholarship Fund in August 2014, one month after Shawn’s tragic death. At 25 years old, Shawn was struck by a vehicle while walking home with his sister after the final Rockin’ The Fields concert.
Shawn graduated from Minnedosa Collegiate Institute in 2007, and was entering his second and final year at Red River College studying Aviation Aircraft Maintenance Engineer.
He enjoyed hunting and fishing, woodworking and taxidermy, and had a keen interest in antiques, coin collecting, and hockey memorabilia. Shawn was a kind and gentle soul, and is sadly missed by his parents Dave & Cheryl and his sister Jennifer.
The Shawn Cooper Memorial Scholarship Fund is an open Fund, where the Foundation will accept donations at any time, and award a $300.00 scholarship to a Minnedosa Collegiate graduate each year in Shawn’s name. The Foundation will make details of this Scholarship public at a later date.
To donate to this fund, mail your donation to Minnedosa and District Foundation, PO Box 1980, Minnedosa, MB R0J 1E0, contact any Board Member or donate online.
Dr. Khandelwal Family Scholarship Funds
Born in 1939 in Delhi, India, Dr. Ajai Shanker Khandelwal completed his internship at Irwin Hospital in New Delhi and graduated in 1962, moving to England in 1963 for post graduate training. He earned his Fellowship in Surgery from the Royal College of Surgeons and after enjoying a holiday in Canada with his wife and two young sons in 1972, decided to relocate to Manitoba.
Dr. A. J. Khandelwal has been a family Physician and Surgeon for many years in Minnedosa. His son, Sanjay Khandelwal is a physician in Langley, B.C. Through their generosity, a Scholarship Fund has been established offering the following:
In 2015, the Dr. A.S. Khandelwal Scholarship was established. This $500.00 scholarship is awarded to a student in the Rolling River School Division who is enrolled in post secondary education interested in a Health Sciences Program. The student must be graduating with a minimum of two Grade 12 science courses, with a grade of 80% or higher in both courses. This Scholarship is rotated between the four high schools in the division.
In 2017, Dr. Khandelwal decided that he would like another $500.00 Scholarship to be awarded to a student at Erickson Collegiate. This Scholarship is in memory of his wife Indu Bala Khandelwal. Indu loved the people and children of the area that she adopted as home and so the family set up this scholarship in her name and memory as her soirit and love of the people of Erickson still carries on. The winner of this Scholarship must be entering post secondary education and have the highest mark in Science.
In 2019, Dr. Khandelwal again started another $500.00 Scholarship. This scholarship is awarded to a student from Minnedosa Collegiate who has the highest grade in English and is enrolled in Post secondary education. This Scholarship is in memory of his father Ghansham Dass Khandelwal.
Verna Averill Memorial Scholarship
This is an annual Scholarship in the amount of $2,000.00. This scholarship is presented to a graduate at Minnedosa Collegiate embarking on an Education plan to become a teacher.
A family fund is typically funded by a single individual, family or business and other contributing donors. A family fund can consistently fund a select cause and provide cumulative benefits to the recipients over many years of donations. Some families start funds to create a legacy which is established in a loved ones name and can honour that individual even after they have passed away. Establishing a fund in a family name can also encourage family members to participate in a common and often bonding cause.
The Minnedosa and District Foundation currently has four family funds.
The Isabel Stewart Family Fund
The Boyd Grant Family Fund
Khandelwal Family Fund
Doris McNabb Family Fund
The Minnedosa and District Foundation can establish a family fund for you and your family with an initial donation of $5,000.00. For more information please contact one of our board members or email MdsaDistrictFoundationInc@gmail.com