Options for Charitable Giving. November 13, 2012
|
|
- Kory Bond
- 6 years ago
- Views:
Transcription
1 Options for Charitable Giving November 13, 2012
2 Statistics on Registered Charities in Canada Number of Registered Canadian Charities: Public Foundations 5,050 Private Foundations 4,937 Other Charitable Organizations 75,450 Over 160,000 charitable and non-profit organizations (85,459 registered) Canada Revenue Agency, Charities Directorate. Data as at December Assets all Private and Public Foundations (2010): Public Foundations $16.8 billion Private Foundations $19.4 billion US Independent Foundations $403.5 billion Canada Revenue Agency, Charities Directorate. Data as at December
3 Private Foundation Causes for Canadian Charities 5% 1% 24% 13% community benefit international aid environment health 7% 19% social services arts and culture 8% other education 24% 3
4 Philanthropic Alternatives Clients have the following options when considering a philanthropic strategy: Direct Contribution to a registered charity: One-time, quick and straightforward, direct to the cause, typically smaller dollar, lower involvement, no cost Public Community Foundations (i.e. Toronto Community Foundation TCF ) TCF is one of approximately 180 community foundations across Canada. TCF s goal is to make Toronto the best place to live, work, learn and grow Limited gifting options, less control of investments versus a private foundation, 1% - 2% per annum Donor Advised Funds (DAF s) Flexibility in annual gifting, varying control of the assets or investments, smaller minimums versus a private foundation Setting up a Private Foundation Ability to create long term philanthropic goals, complete flexibility with assets and granting, greater than $1 million in assets under management ( AUM ), active involvement 4
5 Donor Advised Funds Popular in the US but just starting to gain popularity in Canada (Fidelity Charitable Gift Fund approximately $4 billion in AUM) Offered by most banks, bank owned brokerage firms and some mutual fund companies Fees 1.5% - 4% Minimums typically $100,000 or lower Grants typically made on an annual basis Investment options typically limited by financial institution offering DAF Administration by financial institution 5
6 Private Foundations Higher commitment to philanthropy Personal structure for dedicating personal wealth for public benefit Flexibility and control Both of the gifting and asset management Philanthropic engagement and efficacy Intergenerational family involvement Source: Malcolm Burrows, Scotia Private Client Group, presentation November 8,
7 Private Foundation Activity Approximately 10,000 foundations in Canada, less than 2000 active in making grants Most foundations have assets less than $50 million The majority of private foundations have assets of less than $10 million 7
8 Private Foundations Strengths Weaknesses Comparative advantage of private foundations: Donors are rooted in their communities and know the needs Generally have a tolerance for risk Often responsive to innovation Community influencers and advocates Scope of foundation action bound by: Regulatory framework Definition of charity in ITA Little political advocacy permitted Disbursement quotas Restrictions on debt Administrative requirements 8
9 Entity Trust or Corporation? Trusts Trustees have higher degree of potential liability No government filings, no dealing with changes to legislation Higher level of privacy Corporation Higher level of protection from liability Operating formalities in legislation (and by-laws) and challenges with changes to legislation (Part 11 CCA, audit requirement) Corporate disclosures and filings compromise privacy 9
10 Typical Foundation Services Foundation Services Manage all of the administrative and regulatory requirements of the foundation Services include: Preparation of the philanthropy statement, investment policy statement, governing and incorporating documents and budget Coordination of legal, tax, and financial advisors Management of board meetings, committees, succession planning and communications Coordination of grant-making, including customized plan of donations and due diligence on donees Preparation of annual reports on activities and/or act as spokesperson of the foundation 10
11 CRA Considerations Audit results for had only 9% of charities in compliance. Issues included: Incorrectly issuing donation receipts, Making gifts to non-qualified donees, Failing to maintain direction and control of funds, Keeping inadequate books and records, and Filing incomplete and/or inaccurate registered charity information returns. If the donor receives an advantage for a donation, part or all of the donation may not qualify for a tax receipt. Generally, if the value of the advantage received by the donor is greater than 80% of the gift, no receipt can be issued. If the advantage is less than $75 and 10% of the gift, the amount is not deducted from the tax receipt amount. 11
12 CRA Considerations ITA permits registered charities to operate by either carrying on their own charitable activities or gifting funds to qualified donees (organizations that can issue official donation receipts) T3010 return must be filed six month after the charity s fiscal period For property not used in charitable activities, the disbursement quota is 3.5% of the average value of the property over the previous 24 months Fundraising is not a charitable purpose nor are political activities 12
13 Additional Resources CRA Charities Directorate Philanthropic Foundations Canada Guide to starting a foundation CAGP (Canadian Association of Gift Planners) Canadian Taxation of Charities & Donations (Drache - Carswell) Additional information and articles upon request 13
PRIVATE AND PUBLIC FOUNDATIONS
PRIVATE AND PUBLIC FOUNDATIONS REFERENCE GUIDE Charitable Foundations, which can be either private or public, can be effective vehicles for charitable giving. This Reference Guide provides an overview
More informationAqueduct Foundation. Smart, flexible philanthropy.
Aqueduct Foundation Smart, flexible philanthropy. 2 Personal philanthropy and personal foundations. Philanthropy is a deeply personal act. A gift to charity represents your values, hopes and important
More informationCONTENTS. 1. Mission Statement. 2. Purpose of Investment Policy Statement. 3. Roles and Responsibilities 3.1 Board of Directors
Investment Policy Statement CONTENTS 1 Mission Statement 2 Purpose of Investment Policy Statement 3 Roles and Responsibilities 3.1 Board of Directors 3.2 Investment Committee 4 Investment Objectives 4.1
More informationWhat is Planned Giving?
What is Planned Giving? By Mark Blumberg (July 3, 2013) Planned giving involves tools and techniques to facilitate gifts to charities typically involving the assistance of professional advisors who attempt
More informationChoosing the right charitable giving strategy
Giving Smarter: Choosing the right charitable giving strategy With 84% of Canadians giving charitable donations of $12.8 billion annually (according to Statistics Canada s General Social Survey on Giving,
More informationDonor-Advised Funds. Morgan Stanley Global Impact Funding Trust (GIFT)
Donor-Advised Funds Morgan Stanley Global Impact Funding Trust (GIFT) A Donor-Advised Fund Can Simplify Your Philanthropic Giving A donor-advised fund (DAF) is a private fund administered by a third party
More informationCharities and Charitable Giving as Part of Estate and Succession Planning. Presented by: James M. Parks September 15, 2016
Charities and Charitable Giving as Part of Estate and Succession Planning Presented by: James M. Parks September 15, 2016 Table of Contents 1. Types of Charitable Entities 2. Forming Private Foundation
More informationTax Incentives for Charitable Giving. Jamie Golombek Managing Director, Tax and Estate Planning CIBC Wealth Strategies Group
Tax Incentives for Charitable Giving Jamie Golombek Managing Director, Tax and Estate Planning CIBC Wealth Strategies Group Toronto Arts Foundation September 7, 2016 Agenda 1 Charitable donations Overview
More informationIs a Corporate Foundation for You?
IMAGINE CANADA AND VOLUNTEER CANADA 2011 Canadian Business & Community Partnership Forum & Awards Montebello June 9, 2011 Is a Corporate Foundation for You? By Karen J. Cooper, LL.B., LL.L., TEP kcooper@carters.ca
More informationThe 2008 Bank of America Study of High Net Worth Philanthropy Issues Driving Charitable Activities Among Affluent Households
The 2008 Bank of America Study of High Net Worth Philanthropy Issues Driving Charitable Activities Among Affluent Households April 20, 2010 Ramsay H. Slugg Senior Vice President National Wealth Strategies
More informationCanadian Council of Provincial & Territorial Sport Federations Inc.
Canadian Council of Provincial & Territorial Sport Federations Inc. National Sport Trust Fund Nova Scotia Chapter 5516 Spring Garden Rd., 4 th Floor Halifax, NS B3J 1G6 Project Application Form Organization:
More informationA Charitable Gift Annuity
A Charitable Gift Annuity Provide donors with an income stream and a means of supporting charities Through a combination of an annuity and a Donor Advised Fund, donors can be guaranteed a steady income
More informationINVESTOR GUIDE MACKENZIE PRIVATE WEALTH COUNSEL
INVESTOR GUIDE MACKENZIE PRIVATE WEALTH COUNSEL A complete wealth management service As a high net worth investor, we appreciate that you have complex needs. Mackenzie Private Wealth Counsel is dedicated
More informationMAKE THE MOST OF YOUR DONOR ADVISED FUND
MAKE THE MOST OF YOUR DONOR ADVISED FUND GUIDELINES, TIPS, DOS AND DON TS More and more individuals and families are using donor advised funds (DAFs) either as their primary charitable giving vehicle or
More informationPrivate Giving Foundation
TD Wealth Private Giving Foundation Program Guide A simple, effective way to support the causes that matter to you Introduction The Private Giving Foundation (the PGF ) is an independent, non-profit charitable
More informationImplications of Disbursement Quota Reform
CANADIAN ASSOCIATION OF GIFT PLANNERS CAGP-ACPDP Annual National Conference Edmonton May 13, 2010 Implications of Disbursement Quota Reform By Theresa L.M. Man, B.Sc., M.Mus., LL.B., LL.M. 2010 Carters
More informationGlossary of Charitable Giving Terms
Glossary of Charitable Giving Terms (Adapted, revised and updated based on material presented in Planned Giving for Canadians, by Frank Minton and Lorna Somers, 2nd Edition, 1997). Below are definitions
More informationMaking the Most of Your Charitable Gifts for 2016
Making the Most of Your Charitable Gifts for 2016 October 19, 2016 No. 2016-48 Canada s tax incentives for charitable donations are designed to make it easier for you to support your favourite charities.
More informationREFERENCE GUIDE Charitable Giving
REFERENCE GUIDE Charitable Giving Although this material has been compiled from sources believed to be reliable, we cannot guarantee its accuracy or completeness. All opinions expressed and data provided
More informationCHARITY LAW BULLETIN NO. 44
CHARITY LAW BULLETIN NO. 44 MAY 31, 2004 Editor: Terrance S. Carter CHARITIES DIRECTORATE PROVIDES GUIDANCE ON GIFTS IN KIND By Terrance S. Carter, B.A., LL.B., Trade-mark Agent Assisted by Nancy E. Claridge,
More informationCHARITY LAW BULLETIN NO. 30
CHARITY LAW BULLETIN NO. 30 DECEMBER 16, 2003 Revised February 17, 2004 Editor: Terrance S. Carter TAX SHELTER DONATION SCHEMES By Terrance S. Carter, B.A., LL.B., and Suzanne E. White, B.A., LL.B. A.
More informationPhilanthropic Services at Bernstein Helping philanthropic families and not-for-profit organizations reach their goals
Philanthropic Services at Bernstein Helping philanthropic families and not-for-profit organizations reach their goals Just as ripples spread out when a single pebble is dropped in water, the actions of
More informationOur guide to family foundations
Our guide to family foundations Phaup Wealth Management Group of Wells Fargo Advisors J.P. Phaup Managing Director Investments Eric Showalter, CFP Financial Advisor Many persons have a wrong idea of what
More informationTop Canadian charity law compliance issues
Top Canadian charity law compliance issues By Mark Blumberg (December 20, 2017) A great deal has been written about legal compliance surrounding charities in Canada. Much of that material however, is highly
More informationExplanatory Notes. Legislative Proposals Relating to the Income Tax Act - Charities
Explanatory Notes Legislative Proposals Relating to the Income Tax Act - Charities These notes are intended for information purposes only and should not be construed as an official interpretation of the
More informationTax, Retirement & Estate Planning Services CHARITABLE GIVING THE FACTS
Tax, Retirement & Estate Planning Services CHARITABLE GIVING THE FACTS Giving to charity is a strong tradition in Canada. But with cutbacks, the amount of public funding received by charitable organizations
More information2011 CBA NATIONAL CHARITY LAW SYMPOSIUM Considerations & Strategies in Corporate Giving
2011 CBA NATIONAL CHARITY LAW SYMPOSIUM Considerations & Strategies in Corporate Giving Laura E. West Fasken Martineau DuMoulin LLP Toronto, May 6, 2011 2 Overview Corporate charitable giving has become
More informationRegistered Charities in Canada. Presentation to the ABA Section of Taxation September 24, 2010
Registered Charities in Canada Presentation to the ABA Section of Taxation September 24, 2010 Presentation Outline Mandate and structure of the Charities Directorate Interaction with the provinces Accountability
More informationReceipt of Donations. Objective. The objective is to ensure that donations are handled appropriately and consistently. Authority
Subsection: Control of Public Money Page: 1 of 5 Receipt of Donations Objective Authority Applicability Definition The objective is to ensure that donations are handled appropriately and consistently.
More informationDonor Advised Funds Through Donors Eyes
Presented by: Carlos S. Byrne, CAP Director of Relationship Management 617-722-7191 carlos.byrne@bnymellon.com Donor Advised Funds Through Donors Eyes May 24, 2018 Donor Advised Funds Through Donors Eyes
More informationCharitable Gift Funds Canada Foundation 2014 All Rights Reserved (R0514) 5
Charitable Gift Funds Canada Foundation 2014 All Rights Reserved (R0514) 5 TABLE OF CONTENTS WELCOME... 3 ABOUT GIFT FUNDS CANADA... 3 THE PROGRAMS AN OVERVIEW... 4 Classic CGF... 4 Flex CGF... 4 Legacy
More informationReference Guide CHARITABLE GIVING
Reference Guide CHARITABLE GIVING In order to promote and encourage charitable giving, the Income Tax Act of Canada (the Act ) allows a tax credit to be claimed for eligible charitable gifts made by an
More informationCharitable. Insurance. A legacy building strategy. Providing charitable gifts using life insurance
Charitable Insurance A legacy building strategy Providing charitable gifts using life insurance Many people have a portion of income that they invest and wish to leave as a legacy for favourite causes;
More informationHead of Fundraising and Development Royal BC Museum Telephone number: Fax number:
Gifts of Publicly Listed Securities Overview If you own publicly listed securities, you may wish to consider donating the securities directly to the Royal BC Museum Foundation. Publicly listed securities
More informationCHARITY LAW BULLETIN NO. 259
CHARITY LAW BULLETIN NO. 259 AUGUST 19, 2011 EDITOR: TERRANCE S. CARTER CRA GUIDANCE ON WORKING THROUGH INTERMEDIARIES IN CANADA By Ryan M. Prendergast and Terrance S. Carter * A. INTRODUCTION On June
More informationInvestors Group Charitable Giving Program. Program Guide
Investors Group Charitable Giving Program Program Guide 1 Investors Group Charitable Giving Program Program Guide This program guide (the Guide ) contains selected important information to help a potential
More informationClient Retention & Business Growth. Tips & Strategies on Using Charitable Planning for Building Your Practice
Client Retention & Business Growth Tips & Strategies on Using Charitable Planning for Building Your Practice The Leading Independent Donor Advised Fund Choice Since 1993 Table of Contents For many advisors,
More informationCHARITY LAW BULLETIN NO.30
CHARITY LAW BULLETIN NO.30 Barristers, Solicitors & Trade-mark Agents / Avocats et agents de marques de commerce Affiliated with Fasken Martineau DuMoulin LLP / Affilié avec Fasken Martineau DuMoulin S.E.N.C.R.L.,
More informationLeave a Legacy Newfoundland and Labrador
Leave a Legacy Newfoundland and Labrador Charitable Bequests Tips & Considerations Presented by Catherine Barrett, Memorial University of Newfoundland November 3, 2016 What is Planned Giving Also known
More informationCHARITY LAW BULLETIN NO. 269
CHARITY LAW BULLETIN NO. 269 DECEMBER 1, 2011 EDITOR: TERRANCE S. CARTER INELIGIBLE INDIVIDUALS - NEW GOVERNANCE PROVISIONS FOR CHARITIES By Karen J. Cooper * A. INTRODUCTION The 2011 Federal Budget, which
More informationFamily Wealth Advisors
Family Wealth Advisors Philanthropy Services Terms Glossary & Definitions 1. Purpose investments Coined by Bank of the West, this term includes impact investing, environmental and social governance (ESG),
More informationMANAGING WEALTH FROM A LIQUIDITY EVENT Pre, During, and Post Transaction Considerations
MANAGING WEALTH FROM A LIQUIDITY EVENT Pre, During, and Post Transaction Considerations + INTRODUCTION Entrepreneurs and corporate executives put an immeasurable amount of time and energy into building
More informationPROGRAM GUIDE. Mackenzie Charitable Giving Program
PROGRAM GUIDE Mackenzie Charitable Giving Program This program guide (the Guide ) contains selected important information to help a potential investor Donor make an informed decision about donating to
More informationThe UBS Donor-Advised Fund. Program guide
The UBS Donor-Advised Fund Program guide Contents Creating a donor-advised fund...1 Assets accepted...1 Tax benefits...2 Contributions...2 Account valuation...3 Grantmaking...3 Administration...4 Investments...4
More informationPROGRAM GUIDE. Mackenzie Charitable Giving Program
PROGRAM GUIDE Mackenzie Charitable Giving Program This program guide (the Guide ) contains selected important information to help a potential investor Donor make an informed decision about donating to
More information2011 NATIONAL CHARITY LAW SYMPOSIUM. May 6, 2011 DISBURSEMENT QUOTA REFORM: THE INS AND OUTS OF WHAT YOU NEED TO KNOW
2011 NATIONAL CHARITY LAW SYMPOSIUM May 6, 2011 DISBURSEMENT QUOTA REFORM: THE INS AND OUTS OF WHAT YOU NEED TO KNOW Theresa L.M. Man Carters Professional Corporation 2011 Carters Professional Corporation
More informationAPPENDIX I. International Relief Fund for the Afflicted and Needy (Canada)
APPENDIX I International Relief Fund for the Afflicted and Needy (Canada) Discrepancies and Inaccuracies observed on IRFAN-Canada s Registered Charity Information Return (T3010) Appendix I Discrepancies
More informationRipple Effect. Growing Your Business with Insurance & Philanthropy. Jack Bergmans Bequest Insurance
Ripple Effect Growing Your Business with Insurance & Philanthropy Jack Bergmans Bequest Insurance The information presented is generalized and intended for educational purposes only. Ripple Effect Growing
More informationThe Effect of the Affordable Care Act on Health Care Philanthropy AHP Survey February 2014
The Effect of the Affordable Care Act on Health Care Philanthropy AHP Survey Copyright 2010 the Association for Healthcare Philanthropy Survey Purpose The Affordable Care Act (ACA) was signed into law
More informationMaking Your Charitable Gifts Last Turn year-end giving into a longer-term strategy
Making Your Charitable Gifts Last Turn year-end giving into a longer-term strategy b y c ar ol g. k r o c h National Director of Philanthropic Planning Wilmington Trust Company ke y p oin t s Even as you
More informationWhat Works, Why and at What Cost? Tax Credits and Capital Gains Strategies
MODERNISING CHARITY LAW CONFERENCE Australia April 26 to April 18, 2009 What Works, Why and at What Cost? Tax Credits and Capital Gains Strategies By Terrance S. Carter, B.A., LL.B., Trade-mark Agent 2009
More informationNOTE: The first appearance of terms in bold in the body of this document (except titles) are defined terms please refer to the Definitions section.
TITLE MONETARY CHARITABLE CONTRIBUTIONS SCOPE Provincial APPROVAL AUTHORITY Corporate Services Human Resources Executive Committee SPONSOR Finance PARENT DOCUMENT TITLE, TYPE AND NUMBER Not applicable
More informationUse of Private and Public Foundations
Use of Private and Public Foundations Maria Elena Hoffstein Fasken Martineau DuMoulin LLP Tel: 416 865 4388, ehoffstein@fasken.com November, 2007 M. Elena Hoffstein - 1 Introduction As of December 2005,
More informationGUIDE TO ESTABLISHING NON-PROFIT ORGANISATIONS IN AUSTRALIA
GUIDE TO ESTABLISHING NON-PROFIT ORGANISATIONS IN AUSTRALIA David Ford & Andrew Egri, Emil Ford Lawyers Type: Published: Last Updated: Keywords: Legal Guide January 2014 January 2014 Australasia, not-for-profit,
More informationDisbursement Quota Reform
1 Disbursement Quota Reform Charities and advocates for charities have long been calling for the elimination of the disbursement quota as an unduly complex and costly administrative burden on charities.
More informationDrafting Issues for Restricted Gift Agreements Including Endowments
IMAGINE CANADA: CHARITY TAX TOOLS 2014 January 28, 2014 Drafting Issues for Restricted Gift Agreements Including Endowments By Terrance S. Carter, B.A., LL.B., TEP, Trade-mark Agent tcarter@carters.ca
More informationConsiderations in Corporate Giving *
Considerations in Corporate Giving * CAROLE CHOUINARD Gowling Lafleur Henderson, LLP, Ottawa, ON This article addresses certain tax aspects of corporate giving, specifically, the tax aspects of giving
More informationGlobal Impact Funding Trust
Global Impact Funding Trust 1 Welcome to GIFT. One of the great dividends of financial success is the pleasure of giving back to your community, in support of a social cause, to benefit those in need or
More informationDonation or Sponsorship? Know the Rules, Reap the Rewards
IMAGINE CANADA Charity Tax Tools Webinar October 18, 2011 Donation or Sponsorship? Know the Rules, Reap the Rewards By Terrance S. Carter, B.A., LL.B., TEP, Trade-mark Agent tcarter@carters.ca 1-877-942-0001
More informationA Cost Estimate of Proposed Amendments to the Income Tax Act to Provide an Enhanced Tax Credit for Charitable Donations
A Cost Estimate of Proposed Amendments to the Income Tax Act to Provide an Enhanced Tax Credit for Charitable Donations Ottawa, Canada August 12, 2010 www.parl.gc.ca/pbo-dpb The Parliament of Canada Act
More information2011 Canadian Federal Budget - How will it affect the Canadian charitable sector?
www.globalphilanthropy.ca 2011 Canadian Federal Budget - How will it affect the Canadian charitable sector? By Mark Blumberg 1 (March 22, 2011) There is about 20 pages of material in the budget dealing
More informationThe ABCs of a DAF. A Guide to Choosing the Right Donor Advised Fund (DAF) For You
The ABCs of a DAF A Guide to Choosing the Right Donor Advised Fund (DAF) For You The Leading Independent Donor Advised Fund Choice Since 1993 Table of Contents For many persons, the desire to support charitable
More informationNavigating a CRA Audit and Living to Tell the Tale
CANADIAN ASSOCIATION OF GIFT PLANNERS CAGP-ACPDP Annual National Conference Edmonton May 13, 2010 Navigating a CRA Audit and Living to Tell the Tale By Karen J. Cooper, LL.B., LL.L., TEP 2010 Carters Professional
More informationGift Policy. Responsible Officer. Vice-Chancellor Approved by
Gift Policy Responsible Officer Vice-Chancellor Approved by Council Approved and commenced August, 2012 Review by August, 2015 Relevant Legislation, Ordinance, Rule and/or Governance Level Principle Scholarships
More informationMemorandum of Understanding
Memorandum of Understanding (Community Organisation Name) (date) 2018 Agreement between Te Karaka Foundation, an incorporated charitable trust, (Charities Registration Number CC51935), Te Karaka ; and
More informationDonor-Advised Fund Agreement
Donor-Advised Fund Agreement Date: This Agreement updates and supersedes any previous Donor-Advised Fund Agreement with Jewish Federation of Greater Atlanta. Delivery is hereby made by the undersigned
More informationDisbursement Quota Reform: The Ins and Outs of What You Need to Know
THE CANADIAN BAR ASSOCIATION/ONTARIO BAR ASSOCIATION 2011 National Charity Law Symposium Toronto May 6, 2011 Disbursement Quota Reform: The Ins and Outs of What You Need to Know By Theresa L.M. Man, B.Sc.,
More informationSome Structures for Social Enterprise
Some Structures for Social Enterprise Presentation to the Schulich School of Business (York University) October 29, 2013 Mark Blumberg (mark@blumbergs.ca) Blumberg Segal LLP 1 Blumberg Segal LLP Blumberg
More informationGuide to Better Giving. Using Donor Advised Funds for Better Charitable Giving
Guide to Better Giving Using Donor Advised Funds for Better Charitable Giving The Leading Independent Donor Advised Fund Choice Since 1993 Table of Contents Donating to Charity: Considerations & Concerns
More informationAssociation of Fundraising Professionals (AFP) Tax Incentives for Charitable Donations Submission
Association of Fundraising Professionals (AFP) Tax Incentives for Charitable Donations Submission To the House of Commons Standing Committee on Finance January 17, 2012 Association of Fundraising Professionals
More informationFamily Wealth Advisors
Family Wealth Advisors Philanthropy Services Terms Glossary & Definitions 1. B Corporation B Corporations are certified by the nonprofit B Lab to meet standards of social and environmental performance,
More informationCreating Philanthropy using Noncash Assets: Community Foundation Case Studies
Creating Philanthropy using Noncash Assets: Community Foundation Case Studies 1 Agenda Quick Intros Benefits to using Community Foundations Donor-Advised Funds Noncash Assets Statistics Case Studies 2
More informationDonation and Gift Policy. Section 1 - Purpose. Section 2 - Glossary
Donation and Gift Policy Section 1 - Purpose (1) This document sets out Charles Sturt University's policy covering all controlled entities for donations and gifts and the mechanism for solicitation, acceptance
More informationYORK REGION DISTRICT SCHOOL BOARD. Policy and Procedure #129.0, Donations
YORK REGION DISTRICT SCHOOL BOARD Policy and Procedure #129.0, Donations Policy and Procedure #129.0, Donations outlines the process of the Board for accepting donations and issuing charitable donation
More informationFinancial Statements. The Conservation Foundation of Greater Toronto. December 31, 2007
Financial Statements December 31, 2007 Contents Page Auditors Report 1 Statement of Revenue and Expenditures and Fund Balances 2 Statement of Financial Position 3 Notes to the Financial Statements 4-6
More informationAssets, Revenues and Gifts of Canada s Atlantic Community Foundations
Assets, Revenues and Gifts of Canada s Atlantic Community Foundations September 2013 Ryan Gibson Stephen Parmiter Introduction Philanthropy has become an increasingly important mechanism for addressing
More informationGlobal Poor Charity which is a US 501(c)(3) charity and not a Canadian Qualified Donee.
Canadian Charities Working with Other Canadian or International Organizations that are not Registered Canadian Charities: Maintaining Direction and Control and Avoiding Being a Conduit Generally, it is
More informationUNIVERSITY OF ST ANDREWS GIFT ACCEPTANCE POLICY
UNIVERSITY OF ST ANDREWS GIFT ACCEPTANCE POLICY 1. Scope This policy sets out: the principles that the University will follow when seeking and accepting gifts from individuals, charitable trusts and other
More informationThe U.S. Trust Study of the Philanthropic Conversation
The U.S. Trust Study of the Philanthropic Conversation Understanding advisor approaches and client expectations Executive Summary Conducted in partnership with The Philanthropic Initiative Overview The
More informationNEW FUND AGREEMENT. P. O. Box 4334 Grand Junction, CO 81502
NEW FUND AGREEMENT I/We agree to make an irrevocable donation to The Western Colorado Community Foundation, Inc. (WCCF) in accordance with the terms of this New Fund Agreement. I/We acknowledge that I/we
More information2018 Options and Opportunities: Charitable Giving and the New Tax Rules
2018 Options and Opportunities: Charitable Giving and the New Tax Rules Page 1 Single filers (2018 2025): Joint filers (2018 2025): Page 2 In 2017, the standard deduction combined with the personal exemption
More informationWealth with Responsibility Study/2000
Wealth with Responsibility Study/2000 Introduction The 2000 Study on Wealth with Responsibility (WWR) was conducted solely for Deutsche Bank Private Banking by researchers at the Boston College Social
More informationVanguard Charitable Endowment Program. Financial Statements. For the Years Ended June 30, 2017 and 2016
Financial Statements For the Years Ended June 30, 2017 and 2016 Report of Independent Auditors To the Board of Trustees of Vanguard Charitable Endowment Program We have audited the accompanying financial
More informationUnder a Microscope Transactions that Draw the Attention of the CRA
Under a Microscope Transactions that Draw the Attention of the CRA Tax Shelters Buy-Low Donate High Schemes, Limited Recourse Debt Arrangements, Gifting Trusts 100% audit coverage of tax shelters CRA has
More informationCharitable Gift Program. Helping you create a lasting legacy
Charitable Gift Program Helping you create a lasting legacy It s a good feeling to be able to support charitable causes you care about in a meaningful way. Whether you want to help fund life-saving medical
More informationCRA s Foreign Activity Guidance
CRA s Foreign Activity Guidance (or Guidance on Canadian Registered Charities Carrying Out Activities Outside Canada ) A presentation to World Vision Canada s Law Day December 6, 2011 Mark Blumberg (mark@blumbergs.ca)
More informationThe University of British Columbia Board of Governors
The University of British Columbia Board of Governors Policy No.: 114 Approval Date: September 1993 Last Revision: [Anticipated June 2015] Responsible Executive: Vice-President, Development and Alumni
More informationPrivate ancillary funds
Private ancillary funds Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy with an AET private ancillary fund. Do you want to create a personalised, effective and everlasting
More informationYour Guide to EFFECTIVE GIVING After Tax Reform
Your Guide to EFFECTIVE GIVING After Tax Reform In December 2017 Congress enacted the most comprehensive tax law changes in more than 30 years. The goal of the legislation was to reduce taxes while simplifying
More informationOLDS COLLEGE POLICY POLICY NUMBER:
OLDS COLLEGE POLICY Olds College recognizes the need for Policies and Procedures, and the need for staff and students to be familiar with and follow such policies and procedures. It is the intent of Olds
More informationThe UBS Donor-Advised Fund program guide
The UBS Donor-Advised Fund program guide Contents Creating a donor-advised fund...1 Assets accepted...2 Tax benefits...2 Contributions...2 Account valuation...3 Grantmaking...3 Administration...4 Investments...4
More informationPhilanthropy as a Family Affair: Using a Private Foundation to Achieve Your Charitable Goals ~ Susan B. Hecker
Philanthropy as a Family Affair: Using a Private Foundation to Achieve Your Charitable Goals ~ Susan B. Hecker Establishing a private foundation can be a fulfilling way to work with charities, but be prepared
More informationReliv Kalogris Foundation. Financial Statements
Financial Statements Years Ended December 31, 2017 and 2016 Financial Statements Years Ended December 31, 2017 and 2016 Contents Report of Independent Auditors... 1-2 Financial Statements Statements of
More informationRBC Wealth Management
Charitable giving 2 RBC Wealth Management RBC Wealth Management RBC Wealth Management provides comprehensive services designed to address your multi-faceted financial concerns, simplify your life, give
More information,I) NEW DISBURSEMENT QUOTA RULES
,I) NEW DISBURSEMENT QUOTA RULES ) ) TABLE OF CONTENTS I. INTRODUCTION 1 II. THE NEW DISBURSEMENT QUOTA RULES 3 III. NEW CONCEPT OF ENDURING PROPERTy 5 IV. ABILITY TO ENCROACH ON ENDURING PROPERTy 7 V.
More informationCharitable Planning Guide
Charitable Planning Guide Purpose of this Guide This guide is designed to provide an overview of the benefits of incorporating charitable giving into your financial planning including common techniques
More informationEstablishing a charitable trust structure
Establishing a charitable trust structure Kirrily Burgess: Philanthropy Services Manager, Perpetual Daniel Tome: Senior Financial Consultant, Perpetual Proudly supported by The Trust Company Important
More informationArgylls. the THE ARGYLL AND SUTHERLAND HIGHLANDERS OF CANADA (PRINCESS LOUISE S) THE ARGYLL COMMEMORATIVE FUNDRAISING CAMPAIGN
Argylls the THE ARGYLL AND SUTHERLAND HIGHLANDERS OF CANADA (PRINCESS LOUISE S) THE ARGYLL COMMEMORATIVE FUNDRAISING CAMPAIGN Honouring Service and Remembering Sacrifice www.argylls.ca Donations to the
More informationCHARITY LAW BULLETIN NO. 301
CHARITY LAW BULLETIN NO. 301 FEBRUARY 27, 2013 EDITOR: TERRANCE S. CARTER SUMMARY OF REPORT ON TAX INCENTIVES FOR CHARITABLE GIVING By Terrance S. Carter and Karen J. Cooper * A. INTRODUCTION On February
More informationParkLane Financial Group Ltd Lakeshore Road, Suite 205 South Burlington, ON L7S 2J1 Tel: ; Toll Free:
ParkLane Financial Group Ltd. 1455 Lakeshore Road, Suite 205 South Burlington, ON L7S 2J1 Tel: 905.639.5646; Toll Free: 1.877.776.3486 June 3, 2014 Subject: Donations for Canada Program (the Gift Program
More information