Building Your Foundation
If you want to give away $25,000 every year, you would need to endow approximately $500,000 into your Canada Gives Foundation Account.
You can make one significant donation if your circumstances permits or build it overtime with a number of donations. Each donation will receive a tax receipt for the full amount of the gift.
By allocating your donations between immediate and long-term funding, you can ensure that the charities you wish to support receive $25,000 from the “Today” portion of your gift, and direct the balance as an endowment gift.
Once the endowment is invested, it will generate annual grants to contribute towards the $25,000 goal. Every time you make a new gift, the allocation can change until you reach your $500,000 objective.