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Manitoba Community Foundations Support Grant for Financial Reporting

The Winnipeg Foundation provides investment services and back office support to other Manitoba community foundations. A “managed fund” agreement is an arrangement where certain assets owned by a Manitoba community foundation are invested into the consolidated trust fund of The Winnipeg Foundation in order to participate in a large diversified pool at relatively low cost.

Some community foundations also take advantage of fund management services by segregating their assets into various “funds” for easy reporting and administration.

There are also a number of Manitoba community foundations that have an “affiliate” agreement where 100% of their endowed assets (about 85% of their total assets) are managed by The Winnipeg Foundation.

A support grant may be provided to those Manitoba Community Foundations that have established a “managed fund” at The Winnipeg Foundation as part of their investment strategy. The Winnipeg Foundation has $15,000 for financial support grants to be allocated as follows:

• Community foundations with an “affiliate” agreement receive a base amount of $1,000.
• Community foundations with a “managed fund” agreement receive a base amount of $200.
• The balance of the $15,000 will be pro-rated and allocated based on the percentage of endowed assets managed by The Winnipeg Foundation.

No application is required as the values required will be derived from the Administrative Support Grants application.