The Central Okanagan Land Trust must be certain that for any donation of an interest in land that ongoing costs are manageable. Endowment funds registered with the Central Okanagan Foundation help provide some assurance of future income. There will be circumstances where an endowment fund related to a particular gift will be a requirement. While none of the existing endowments arose in such circumstances, such endowment is expected together with a proposed donation of land.
The endowment funds currently held by Central Okanagan Foundation in support of COLT as listed below arose as bequests and inter-vivos gifts.
Named funds – Total of interest in 6 funds $100,000+
J. W. & M. E. Scott Family FundJ. W. Bootle Family Fund
Charles Pettman Memorial Fund
Bernice Mabee Memorial Fund
Harvey & Ruth Whitson Fund.
Dick & Jean Hall Fund
Hobson Family Fund
Cynthia Hunter (Ellis) Fund
Open Fund. – total $60,200
The Open Fund, in the name of Central Okanagan Land Trust, was established to encourage gifts of any amount and particularly of commemorative gifts. The primary gift to the Open Fund came as a bequest from Jim and Joan Burbridge, who were renowned naturalists in the Central Okanagan region.