A Charity Fund is a restricted or endowment fund held for a registered charity or not-for-profit organization.
How it works
Aqueduct provides professional management services and support to charity fund holders. This includes investment management and annual discretionary granting based on the needs of the organization.
Frequently Asked Questions
Yes. The minimum annual amount to be granted from each individual fund is 4% of the prior year-end balance. Individual grants must be a minimum of $1000 each.
Aqueduct names officers of the charity or not-for-profit organization to whom Aqueduct is granting.
Aqueduct offers three long-term investment portfolio options, as well as spend-down fund and short-term money market funds. These portfolios are monitored by Aqueduct’s investment committee, which a Board sub-committee. Our foundation managers work with donors and their investment advisors to determine the best fit for each individual fund.
