Myra Virgil's Contact Details

Myra Virgil's Company Details

Bermuda Foundation

Hamilton, Pembroke Parish, Bermuda • 4 Employees
Nonprofit Organization Management

The Bermuda Community Foundation (BCF) is a grant-making organisation that raises funds for non-profits, causes and public institutions, from arts and education to health and community services that serve the Bermuda's residents. The foundation provides donors with a simple, convenient and flexible way to make an impact—now and forever. BCF is the first of its kind in Bermuda to mobilise and funnel resources strategically, while sustaining a focus on the continuing and changing needs of the island community.BCF works directly with donors to understand their philanthropic vision and create a fund to support causes most important to them. Funds from different donors are then aggregated and managed to achieve greater returns. This makes it possible for smaller individual funds to enjoy the same economies of scale as a large foundation.DONOR-ADVISED FUNDS are ideal for donors who want to support multiple organisations and programmes throughout the year. BCF staff can help to identify programmes of interest, vet them, process grants and report back to the donor with an impact report.FIELD OF INTEREST FUNDS support specific areas prioritized by the community foundation such as the arts, children and youth, the environment, the elderly, or health and human services.DESIGNATED FUNDS are given annually to specific named charitable organizations.Nonprofits can create an AGENCY FUND in the form of an endowment to support its own operations and programmes. The professionally managed fund is a valuable vehicle for donors who like to plan their giving, for example via payroll deductions that go towards a designated nonprofit. The foundation manages the endowment, enabling the nonprofit to focus fully on serving its constituents.CEDARBERRY FUNDS allow donors who are not yet able to make the minimum required commitments for donor-advised endowment funds, to build a fund over time with an initial seed investment of $2,500.