To create an enduring source of funds forever dedicated to the good of Bermuda.
“An Enduring Source of Funds dedicated to Bermuda, forever”
BCF believes in helping to build an enduring source of funds for the benefit of the nonprofit community.
Building reserves to support the great work of the local nonprofit sector is our primary business. Individuals, families, businesses, and nonprofit organizations are invited to contribute to a permanent, pooled charitable fund, the returns of which will help community groups and nonprofits make Bermuda a better place to live, now and in the future. Unrestricted gifts to BCF may be invested in the central endowment.
“Banking on Gifts in the Future”
BCF generates revenues from investment income, fees on donor services and structured giving arrangements (i.e., payroll tax deductions), not tag days, dinners or events.
“Growing gifts to give more”
BCF also uses the leading community foundation information management system (FIMS) to account for gifts and investment returns on funds held at BCF. Donors with Funds at BCF will receive semi-annual fund statements that will tell them what was earned, what was gifted out and how and when they can make grants in the future, much like a pension fund statement.
“Giving to Give More”
Even though our main focus is endowments, BCF also wishes to help people give effectively and efficiently. In addition to managing the charitable endowment, BCF provides a vehicle for donors of all types to channel their giving now and in the future. Donors who wish to make gifts ranging in size from large to small, are invites to establish or support a fund through the Bermuda Community Foundation.
“Giving Even Better”