Knox Foundation 2024 AGM
Sunday, November 17, 12:00 pm, Sanctuary
The Knox Foundation Annual General Meeting will be held on Sunday, November 17th, 2024 at 12:00 p.m. following the worship service in the sanctuary. The purpose of the meeting is to review the Foundation’s Annual Financial Statements and Election of Directors to the Foundation’s Board of Directors.
Click Here for the 2024 AGM Report
Knox Foundation
The Knox United Church Foundation of Calgary (Knox Foundation) is an independent body that receives, holds and manages endowments and other funds in the form of money or other property, and to apply income or other capital from those funds yearly to support the ongoing ministry of Knox United Church or for the maintenance of the historical building, Casavant organ, and/or the memorial garden.
Quick facts
Knox Foundation is a registered Canadian charity 137406039 RR0001
It was founded in 1987 by the members of Knox United Church.
Contributions are kept strictly confidential, if requested.
Knox Foundation had a value of almost $1 million at the end of August 2021.
98% of the Knox Foundation’s assets are being conservatively managed by the Calgary Foundation.
The main purpose of the Foundation is to provide sustaining income to Knox United Church. Annual disbursements to Knox United Church are based on the profit and income from invested capital.
Base capital is sometimes used to help fund projects at Knox United Church that require additional funding. Most recently the Foundation has donated supplementary funds for stone restoration work on the Bell Tower at Knox.
Knox Foundation has donated over $533,000 to Knox United Church since 1991.
Annual donations over $200 attract about a 40% tax refund in Alberta.
Knox Foundation Director.
Knox Foundation is looking for leaders who will advance the mission of the Foundation and provide oversight of its assets on behalf of the congregation. Knox Foundation is an independent body that receives, holds and manages endowments and other funds. The Foundation’s purpose is to grow its assets and provide Knox United Church with ongoing funds for the maintenance and capital expenses of the historical building, Casavant organ, and/or the Memorial garden over the long term. Directors meet an average of four times per year in addition to the Annual General Meeting. Term limits vary from one year to three years, but may be renewed. Directors must also be members of Knox United Church at the time of their appointment. Click here for the Director Job Description
Create a living legacy, today
Often when we speak to others of Knox United Church and what it means to us, we speak of a special relationship and the special place where we worship. We speak about the messages and the teachings. We speak about the sanctuary as a place for peaceful worship. We speak of the music. We speak of a desire to have all of this passed on to others despite the ravages of time and change.
Setting up a plan today creates a living legacy and will ensure that these things are enjoyed for time to come. Everyone can contribute.
Ways to give
Donate via ChurchCenter.com
Donate using a pre-authorized remittance (PAR) plan.
Remember Knox Foundation in your will. Your estate will be given a tax receipt for the donation amount.
Set up an insurance policy and name Knox Foundation as a beneficiary. In the year of your death, your estate will receive a tax receipt for the face value of your policy.
Set up an insurance policy and formally assign the contract to Knox Foundation. Thereafter, the foundation gives you an annual tax receipt for the premiums paid for as many years as you continue to pay those premiums. The Foundation receives the insurance proceeds in the year of death, with no tax receipt issued at that time. If an existing insurance policy had a cash value at the time it was assigned to the Foundation, the Foundation could issue a tax receipt to the donor for that value at that time.
Donate publicly traded securities (e.g. shares, bonds, bills, warrants, futures, or units of mutual funds). You don’t have to pay any tax on capital gains. You also qualify for a charitable donation receipt based on the asset’s fair market value.
Have your financial advisor create a charitable remainder trust, where the donor makes an irrevocable gift of the residual interest to Knox Foundation. A donation receipt would be issued for the fair market value of the residual interest in the property at the time that the residual interest vests in the charity.
You can designate Knox Foundation as a direct beneficiary of your RRSP, RRIF or TFSA. Knox Foundation would issue a tax receipt for the full amount being transferred. With this designation these assets are not included in your estate and are not subject to probate fees.
Questions about the Knox Foundation? Don't hesitate to get in touch with us for more information.