What is the Coastal Foundation for the Performing Arts Fund?
The Coastal Foundation for the Performing Arts Fund was established in 2016 to support the long-term sustainability of the Coastal Jazz and Blues Society, create stable funding for the organization, diversify its revenue sources, and meet the evolving requirements of the performing arts community.
A gift to the Coastal Foundation for the Performing Arts Fund is a gift of stability. Stable funding allows Coastal Jazz to continue its extensive free concert and education programs, commission new works, support community initiatives, and grow.
Your contribution funds the Society in perpetuity—creating a legacy for you and your investment that will be valued for years to come.
How does it work?
Funds donated to the Coastal Foundation for the Performing Arts via the Vancouver Foundation are held in perpetuity. The Department of Canadian Heritage’s Matching Grant program will match your gift up to 100%, potentially doubling your contribution! (Match amounts vary from year to year.) Financially savvy investment will give Coastal Jazz the gift of steady income: each year the Society receives a 3.8-4% dividend from the fund. The bigger the endowment, the larger the disbursement to Coastal Jazz.
What does that look like?
|Gift Size||With 100% Canadian Heritage Match
|Potential Annual Income|
For example, when you give $5,000, with a full match from Canadian Heritage, it immediately becomes a $10,000 investment.
Not only does that gift begin to generate up to $400 in annual income, but a portion of the interest it generates is reinvested into the capital. That means a gift to the Coastal Foundation for the Performing Arts Fund both delivers annual income and grows over time.
How Do I Give?
If you’re ready to give now, the endowment accepts cheques, credit cards and gifts of publicly traded securities.
There are also ways to support the endowment at a later date. Vancouver Foundation has a Donation Calculator to learn about tax savings by donation from your estate. You can name the Coastal Foundation for the Performing Arts Endowment as a beneficiary in your Will, your life insurance policy, or your retirement savings account.
We’ll work with you and your financial advisor to discuss your interests and tax planning needs, and ensure that your wishes with regard to your gift are respected.
Board of Directors
Robert Golden (President)
Franco Ferrari (Vice-President)
Patrick J. Julian