Designated Funds

The BCU Foundation General Fund supports a wide spectrum of community initiatives in Canada. Donations to the BCUF General Fund are made by broad-based donations or through fundraising events. The BCUF General Fund is not designated to a specific cause but provides general financial support for various endeavours that meet BCU Foundation’s overall mission, values, and general mandate. This fund is flexible and gives the BCU Foundation Board of Directors the ability to direct the funds to where they are most needed. BCU Foundation has provided funding for a number of important endeavours in Canada, including:

historical and cultural endeavors

education and exhibitions

publications

documentaries and multimedia

concerts and music recordings

athletes, youth and sports

medical and humanitarian

community events and conferences

relief of poverty

Designated Funds

A BCU Foundation Designated Fund is a fund set up by a Canadian individual, family, or organization to provide an ongoing, reliable and permanent stream of support for a particular purpose, cause, organization, or area of interest specified by the fund’s benefactor.

The creation of a Designated Fund allows the donor to leave a personal legacy by making a meaningful contribution, in perpetuity, to our community’s development. The annual income earned from investing the capital of a Designated Fund is earmarked for a specific purpose according to the instructions of the donor.

• Grant Program Criteria

BCU Foundation is proud of its commitment to Ukrainian communities across Canada and beyond and plays an integral role within the larger Ukrainian-Canadian community as a major financial contributor and supporter of major events and various community organizations. Applications for funding that fall within BCU Foundation’s parameters will be considered for, but not guaranteed for funding. Examples of programs that may qualify for funding include the following:

• Local community initiatives that promote a sense of community, e.g. community concerts, community development activities of local organizations.
• Development and advancement of the teaching of Ukrainian and Ukrainian-Canadian Studies as well as for the teaching of the Ukrainian language.
• Projects that have as its main purpose the celebration of a Ukrainian-Canadian theme of interest and appeal to the general public, i.e. not of interest and appeal solely to members or associates of the organization

Grant Program Guidelines

Applicants with projects aligned within the above mentioned focus areas should meet the following eligibility criteria:

• Applicants must be a charitable or non-profit Ukrainian community organization based in Canada.
• Applications will not be accepted from individuals.
• The foundation will give preference to projects which involve members of BCU Financial.
• Only one application may be submitted per calendar year for any one specific project or event.
• No funding will be provided for meals or travel; operational budgets; capital expenditures; fundraising projects
• Funding may cover projects in Canada or humanitarian aid to Ukraine
• The amount of funding will not normally exceed 50% of the total cost of the project
• Upon completion of the project, a final report and financial statement must be submitted to BCU Foundation.

Applicants failing to provide a post-event final report may not be considered for subsequent grant requests.

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