Donor Advised Funds (“DAFs”) serve as a bridge between donors' intentions and the realization of their charitable goals. DAFs often operate as charitable foundations offering services to groups of donors with a variety of goals. DAFs sometimes provide a wide variety of services including investment management and gift planning. And, there are over 20,000 donor advised fund accounts in Canada....
What is a DAF? And, what are the benefits of giving to a DAF? At its core, a Donor Advised Fund (“DAF”) serves as a bridge between donors' intentions and the realization of their charitable goals, offering a sophisticated yet accessible means to support causes close to their hearts. However, DAFs are one of the most misunderstood areas of philanthropy....
The Donate to Eliminate strategy is a practical approach for donors wishing to use the exemption from capital gains tax on donations of apricated securities. This strategy ingeniously uses a tax strategy to support philanthropic goals. By focusing on the donation of appreciated public securities, such as stocks, this method not only amplifies the value of charitable contributions but also...
To improve impact, it's crucial that all charitable foundations continuously refine their approaches to increase their efficiency. Here, are six strategies to help your foundation amplify its impact: 1. Measure: Choose Metrics and Collect Data Just as businesses gauge their success through Key Performance Indicators (KPIs), charitable foundations should select relevant metrics that capture their accomplishments. Maybe its the number of beneficiaries...
When it comes to philanthropic giving, individuals and organizations have a variety of avenues to support causes they care about. One increasingly popular option is the use of Donor-Advised Funds (“DAFs”). DAFs offer a flexible and efficient way for donors to contribute to charitable causes. However, there are ongoing discussions surrounding the benefits and drawbacks of DAFs. In this blog...
Family foundations can play an important role in philanthropy and social impact, but their long-term success depends on effective leadership and governance. Without a succession plan in place, your family foundation may face a range of challenges that can undermine its effectiveness and sustainability. In this blog post, we'll explore the top 10 problems your family foundation will have without...
Having plans for the succession of your family foundation in place before they’re needed is critical if you want to avoid legal disputes, conflict between family members, and ending the good works your foundation supports. In this blog post, we'll explore the importance of creating a succession plan and the key benefits to consider. Strengthening governance A well-crafted succession plan can strengthen governance...
Many Canadian charitable foundations hold US stocks in their investment portfolio. However, it's essential to understand the application of US withholding tax for Canadian registered charitable foundations in the context of the US-Canada tax treaty to minimize exposure to this tax. And as this post will explain, there's a common mistake many foundations make when structuring their investments that exposes...
