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The Community Foundation of Newfoundland and Labrador (CFNL) is a unique registered charity. The foundation's goal is to help people from all walks of life support the causes they feel are priorities in their communities and their province. To achieve this goal, CFNL pools and invests the gifts of many donors to create permanent endowment funds for communities in Newfoundland and Labrador.
CFNL benefits everybody by:
Creating a permanent endowment The Community Foundation of Newfoundland and Labrador helps donors make a permanent investment in our province by building an endowment fund that will benefit our communities forever. The earnings from these funds are used to provide grants to a wide range of charitable organizations - from health care and education, to social services, the arts and the environment.
Supporting local charities CFNL acts as a vehicle to support a wide range of causes and organizations. We do not run our own programs or compete with other charities - rather, we exist to enhance the ability of these organizations to serve the community.
Developing partnership Because we work with all sectors and a wide range of charitable organizations, our foundation is well positioned to connect diverse parts of the community, foster dialogue, and develop partnerships on issues of broad community concern.
Benefits to donors:
The Community Foundation of Newfoundland and Labrador can serve as a ‘philanthropic partner’ for people who wish to establish a permanent, yet flexible, method to fund current and future charitable gifts.
A Lasting Legacy: your gift can last as long as you wish or in perpetuity
Flexibility: a wide variety of giving options are available to help meet your charitable goals
Support What Matters Most to You: our foundation supports a wide range of charities, so you can direct your support to the causes that interest you the most
Maximum Value: funds are professionally invested for maximum yields
Maximum Impact: we know the community, its organizations, needs and opportunities; we can help your gift make a real difference
Tax Advantages: donors reap the tax rewards available to public foundations like ours, such as the beneficial treatment of gifts of appreciated securities
Accountability: CFNL is governed by a volunteer board of directors, comprised of well-known community leaders from Newfoundland and Labrador
How you can help:
We welcome gifts of all sizes. Gifts can include cash, real estate, stock, artwork and insurance. Donors can choose to support the foundation broadly or designate a favourite cause or charity.
Flexibility is key. We will work with you to address your specific interests and tailor a program that suits your immediate and long-term goals.
Many charities also place their endowment funds with community foundations in order to benefit from greater returns on their investments.
Part of a growing movement:
Newfoundland and Labrador is joining one of Canada’s fastest growing charitable networks. We are among more than 180 community foundations located across the country.
Together these foundations hold more than $3.1 billion in combined assets. By 2012, Canadian community foundations provided $154 million in grants to support local priorities.
Our foundation is also linked to others through Community Foundations of Canada, a national network that supports the country’s community foundations.