Brantford Harlequins RFC Charitable Fund

Overview

The Brantford Harlequins RFC Charitable Fund is comprised of 2 components, the Endowment Fund and the Capital Projects Accumulation Fund. 50% of each and every donation will be allocated to these two components.

Brantford Harlequins RFC will appoint 2 named “Foundation Representatives”.  These representatives will hold the position of Foundation Representative for a maximum four years in total in any consecutive six year period.  The positions will be renewed bi-annually at the AGM of Brantford Harlequins RFC.  The Foundation Representatives will be responsible for liaising with the Canadian Rugby Foundation and encouraging donations to the fund from all avenues available as well as distributing funds to the club.

The Endowment Fund

The Endowment Fund will accumulate permanent capital.   This capital will generate interest that will be paid to the club each year for the expenses outlined below.  The Brantford Harlequins RFC Foundation Representatives require that all payments be approved prior to the expense being incurred by the recipient.   All approvals will be at the discretion of the Foundation Representatives and an Endowment Fund “Request For Funds” application must be completed by the recipient.

Annual guidelines for amounts and eligibility for receiving these funds will be published each January/February when it is known how much is available to be paid from The Endowment Fund.  The Foundation Representatives will be responsible for formulating and publishing these guidelines each year.

1)      Brantford Harlequins coach development and/or compensation

2)      Brantford Harlequins member/player/coach support for Elite programs outside of the Brantford Harlequins RFC club program

3)      Brantford Harlequins members who are referees are eligible for educational and development support as well as expenses related to refereeing at out of province Elite level events

The Capital Projects Accumulation Fund (CPAF)

The CPAF will accumulate capital that can be drawn upon to fund Brantford Harlequins RFC Executive Committee and the Strategic Planning Committee (Futures Committee) approved capital projects for the improvement of and expansion to the Brantford Harlequins RFC facilities.  This includes but is not limited to the acquisition of real property.   In order to be eligible for funds from the CPAF a project must have a cost of more than $20,000.00.   This fund is not to be accessed for repairs and maintenance.

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Posted in Funds.