Norman Earl Webb Fund (donor advised fund and unrestricted fund)
The Guelph Community Foundation received over $900,000 from the late Norman Earl Webb who passed away in January 2005 at the age of 98. Mr. Webb was very motivated to give back to his community and he worked with his lawyer on his will to create a fund that matched his philanthropic wishes. His bequest supports our community where Mr. Webb grew up, raised his family, and ran his successful business, ABCO Box Company (established in the 1950’s).
Mr. Webb quietly made contributions to hospitals and various community organizations throughout his life, and he wanted his giving philosophy to continue. The Norman Earl Webb Fund has two components: a donor advised fund (a simple, powerful and highly personalized approach to giving), and an unrestricted fund (allowing The Foundation the greatest flexibility to respond to current and ever-changing community needs). In both cases, the gift is endowed, carefully invested, and can grow over time.
Each year, the interest income from the funds is granted out to organizations in Guelph and Wellington County and his gift has funded:
-a safe place with nourishing food for youth-at-risk;
-opportunities for young mothers to learn parenting, employment, and life skills;
-education and support for poverty stricken families on how to ‘live on less’;
-environmental workshops in schools;
-accessible food for families at community neighbourhood groups throughout Guelph and Wellington County.
Mr. Webb was passionate about his community and his gift will benefit the community forever.