TerraTundra Foundation
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Overview

TerraTundra Foundation (the "Foundation") is a tax-exempt public charity whose purpose is to facilitate the making of grants for charitable purposes through donor-advised accounts established through the Foundation. The Foundation will be of interest to investors who do not wish to establish a foundation, who plan on setting up their own foundation at a later date or who wish to augment the charitable activities of their own private foundation.

The objective of the Foundation is to receive and maintain charitable giving funds and apply all or part of the principal and interest from those funds to registered charities. The Foundation is governed by a Board of Directors (the "Board") and the majority of the Board is independent of Terra Fund Management ("Terra") and its affiliates. The Board is responsible for overseeing all aspects of the Giving Program's operations. Although Terra provides certain investment management services to the Foundation through a service agreement, it is not an activity or a program of Terra.

The Foundation will verify that each organization to which a grant is recommended is a CRA registered charity, among other restrictions as specified by the policies of each sponsoring organization with a donor advised fund program. The donor can name additional donor-advisors to participate in all account privileges and may name individuals as successors to assume all account privileges after the donor's death.

Key characteristics

1.  Independent Board of Directors to act on the grant recommendations of the donor
2.  Immediate donation tax deduction
3.  Flexibility in recommending grants one-time or over 1, 3, 5 or more years
4.  Grant recommending to any Canadian registered charity
5.  Investment in a broadly diversified dividend fund of TSX listed securities which pays up to a 7% cash distribution
6.  Ability to name additional donor-advisors to participate in account privileges
7.  Name successors to continue family involvement after the donor's death

 
 
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