What is an endowment fund?

Endowment funds are created by donors making gifts to the St. Albert Senior Citizens' Club. These funds are pooled together and permanently invested. This means that the original gift (the capital) remains intact forever. A portion of the investment income is available every year to support the Club and programs offered that are important to you, the balance is re-invested in the fund to ensure continued growth. Professional investment advisors are retained and manage the funds.

How can you create a Named Endowment Fund?

With a gift of $10,000 you can create a Named Endowment Fund. You can select how your fund will support the Club activities important to you:

• Choose a specific area(s) you wish to support in advance through a Designated Fund;
• Provide ongoing input, year after year, regarding the area(s) you wish to support through a Donor Advised Fund;
• Support an area(s) of particular interest or concern through a Field of Interest Fund;
• Help the Board of St. Albert Senior Citizens' Club respond to priority areas of community need through a Community Fund.

Would you like to see the St. Albert Senior Citizens' Club's future secure?

Make sure the services enjoyed at the Club by today's seniors will be there tomorrow! By making a donation to the Endowment Fund today, you will ensure seniors have a place to go and know that society does care.