Community Foundation of PEI
Business Description
The Community Foundation of Prince Edward Island (CFPEI) is an incorporated, non-profit organization that provides a ‘user-friendly’ vehicle for donors to create endowment funds to support charitable activities.
Income generated from these investments is directed through grants and scholarships to support a wide range of diverse needs in Prince Edward Island communities. Because of the permanent nature of these endowments, income is available for now and generations to come.
The endowment fund allows a donor to leave a memorial legacy to meet their charitable interests in perpetuity, at minimum cost and maximum convenience. Since its incorporation, the Foundation has worked with donors to establish more than 110 endowment funds; these funds now have a current asset base of over $15 million dollars.