No one loses when they’ve tried their best
compliments of Lorne, Doug, and staff at
BIG ROCK TRUCKING LTD.
SERVING SASKATCHEWAN
Aggregates Supply & Hauling
Box 418, Punnichy, SK • 306.835.2427
LANDSCAPING
• Commercial
• Specialty Aggregates
• Hydro Seeding & Mechanical Seeding
• Topsoil Supply & Grading
• Site Work
• Aggregate Crushing and
Hauling
ASPHALT PAVING
• Commercial • Industrial • New Construction • Re-Construction • Asphalt Overlays
BLS ASPHALT INC.
P.O. Box 1427, 327 Mill Street
Regina, SK S4P 3C2
Office: (306) 775-0080
Fax: (306) 775-2267
operations@blsasphalt.com
Why would we do this?
Private foundations are ideal for families
who want their giving to be planned and
impactful. It is a great way to get your entire
family involved in philanthropy and to cre-ate
a lasting legacy. Although my wife and I
funded it, we will meet with our children on
a regular basis to discuss to which charities
we dispense our grants.
The foundation means we never have to
say “no” to donation requests. Our response
is, “We have established a charitable foun-dation;
the board meets twice a year to con-sider
requests. We would be happy to send
you the grant application form. We will re-view
all requests at our next meeting and
decide based on the merit of the request
and the focus of the foundation which
grants to approve.”
How much does it take to
establish a foundation?
You can get started with as little as $25,000.
How much does it cost to
administer?
It typically can cost as little as $300 for set
up and 0.5 per cent per year for adminis-tration
fees. Other costs vary depending on
the investments held by the foundation.
What is the minimum
grant?
Once you establish your foundation, you
must dispense at least 3.5 per cent of the
value of the foundation each year to charity.
Some administrators set $1,000 as the min-imum
grant to each charity.
FINANCIAL FILE
Private foundations are flexible philanthropic
vehicles created to promote individual,
family or corporate charitable giving.
62 Think BIG | Quarter 2 2017 | saskheavy.ca
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