Giving to Canadian Charities
We make it easy. You make it count.
Canadian foundations and donor advised funds are an important part of the not for profit sector as they enable donors to make a longer term commitment, and potentially a larger impact, to the charitable causes that are important to them.
Once you set up a Canada Gives Foundation account, all of the donations will be invested and provide a long term funding base for your annual charitable giving. As a result, many Foundation “funders” begin to engage more closely with the charities they support, understand the programs more deeply and have a better sense of the impact they are making.
How is giving from a foundation different than making a donation to a charity?
A donation to a registered charity generates a tax receipt for the donor. If a donor has set up a private foundation or a donor advised fund at a public foundation, a tax receipt is issued for all gifts made to the foundation. Disbursements to charities from the foundation (called “Grants”) are received by charities as gifts, but receipts are sent to the foundation and not to the donor.
What charities can you support with gifts (“grants”) from a Canada Gives Foundation account?
Canada Revenue Agency (CRA) has policies and guidelines for eligible recipients of charitable gifts/grants from a Canadian foundation or donor advised fund (DAF) account. The annual grants from your Canada Gives donor advised Foundation account must comply with these rules.
Any funds disbursed from your Foundation account must be given to CRA designated “qualified donee“, which includes over 86,000 Canadian charities, plus a few other types of organizations. Many not for profit organizations do not have a charitable registration number, and are not qualified donees.
Once you select the charities you wish to receive grants from your Foundation account, Canada Gives due diligence will ensure they are qualified donees before processing these gifts.
How much can I give away from my Foundation account?
Canada Gives provides calculations & guidelines.
Canada Gives will provide calculations and guidelines for your annual disbursements. Canada Revenue Agency has a minimum requirement, but there is no longer regulations that affect the maximum level of funding. Canada Gives also puts no restrictions on the maximum amount you can gift to charities from your Foundation account. You decide the amount to grant each year from your Foundation, and which charities to support.
Once you have decided, you simply send us a list of the charities you have selected and how much each should receive by email, fax or with a completed Grant Recommendation Form.
Canada Gives will do the rest. We send the cheques and letters to each charity you have selected.
This is what happens next!
What’s the Process?
- Canada Gives completes the due diligence on the charities that the Foundation account holder has selected to ensure they are eligible qualified donees, and that the address and contact information is current
- Once each charity is approved, Canada Gives issues the cheque and sends a letter on behalf of the donor’s Foundation account, and tracks receipts from the recipient charity
- The donor who has set up a Foundation at Canada Gives decides whether they wish to be identified to the charity who receives a gift, or prefer to be anonymous
- A complete listing of all the charities funded from a Canada Gives Foundation account are itemized on the Consolidated Quarterly Report for the current year; a Total Grant Report can also be provided for any time period, so donors can enjoy seeing the impact their Foundation account is making in the not for profit sector.
How to start a foundation in Canada?
Contact us for information on why and how to start a foundation using Canada Gives’ unique Foundation Accounts to make your legacy count.