What is the role of the Community Foundation of Ottawa?
The ProsperityTM Fund is an endowed donor-advised fund administered by the Community Foundation of Ottawa (www.cfo-fco.ca). The Community Foundation manages the administration requirements of the ProsperityTM Fund, including the preparation and issuance of tax receipts. In addition, the Community Foundation manages the funds raised by the ProsperityTM Fund in accordance with its Investment Policy. The ProsperityTM Fund pays an annual administration fee of 1.5% to the Community Foundation for these services. This fee declines as the assets grow in the ProsperityTM Fund. The Community Foundation is independent, autonomous and accountable to the community as a whole. As a way of ensuring that the Community Foundation will be well managed today and into the future, the governing body is appointed by an outside Nominating Committee made up of the incumbents in positions of responsibility and influence. This Committee is responsible for selecting the best possible people to fill vacancies as
