Canada Gives: The Foundation that Builds a Foundation for Charitable Giving.
How do you make the greatest impact with your charitable dollars? Most charities need funding to provide for their immediate needs while also relying on longer-term annual giving by donors to sustain their longer term needs. Canada Gives will help you to develop a charitable giving strategy that will provide funding to the charities of your choice to meet those distinct two needs--funding for today and tomorrow.
Here's how it works.
- Identify how much you are able to give annually and over what period of time.
- Determine how much of every donation should be allocated to today's needs while you build your endowment.
- If you assume a 5% investment return on average each year from your endowment gift, you can identify the size of endowment required.
- Example:
"If you wanted to give away $25,000 each year "in perpetuity," you would need to endow approximately $500,000 into your Personal Foundation Account at Canada Gives. You can make one significant donation if your circumstance permits, or build it over time with a number of donations. Each donation will receive a tax receipt for the full amount of the gift."
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Develop a Charitable Giving Strategy
Canada Gives is a charitable foundation set up to facilitiate the creation of Donor Advised Funds (DAF's), dedicated to working with donors who are interested in setting up their own philanthropic objectives and bringing their own priorities to their charitable giving.
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Maximize Your Tax and Estate Planning
We are independent of any one financial services firm. This means, we will work with your own trusted advisors who can make changes if necessary and remain connected to your charitable giving strategies.
You may wish to review these topics with your own financial advisor(s).
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