The Funds
The first funds entrusted to the Mission Foundation came through the estate of the late Margaret Erskine, in the amount of $228, 000. Subsequently, the Foundation benefited from the "friends of Bill" until now, in addition to the General Fund, there are 72 other funds with a total of $2,200,000 under administration. In addition to designated Funds, the Foundation also receives donations "In Memoriam", and responds to ongoing inquiries as to opportunities that might be administered by the Foundation.
An Investment Committee acts with the Trustee and RBC Dominion Securities Inc. in using expert financial advice for the administration of the funds entrusted to the Foundation.
The Mission Foundation will receive funds in any amount, and issues receipts for income tax purposes to all donors. The Foundation is registered with the Department of National Revenue as a public Foundation under rules applicable to Registered Charities. Donations qualify for individual tax relief.
