The concept of a Foundation is to raise and receive monies from various sources, while protecting the core funds of the Foundation. The principle amounts contributed are never used but rather, continues to grow and ensures monies for distribution is available in perpetuity. This is the core of the foundation and ensures that we are always able to Build a Lasting Legacy.
In short, we are developing a “nest egg” for our communities. It is intended the fund will grow each year as new gifts are added and good investment strategies are employed. We give the investment income to registered charities in the communities in the form of grants to projects that benefit those who need it most.
These goals allow the Westshore Foundation to play a unique role in our communities. While the results are often measured by the size of the endowment, we are able to build a legacy that will ensure vitality to the community.