Aqueduct Foundation. Smart, flexible philanthropy.

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1 Aqueduct Foundation Smart, flexible philanthropy.

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3 Personal philanthropy and personal foundations. Philanthropy is a deeply personal act. A gift to charity represents your values, hopes and important life experiences. You want to be confident that your donations will really make a difference. Making personally meaningful donations to effective charities is more difficult as the amount increases. A gift of capital which is a portion of your life s savings is more complex than a regular annual gift. There is more at stake: the money, the taxes, and the need to integrate your giving with your total wealth plan. A donor advised fund at Aqueduct Foundation, a registered Canadian charity operated by Scotia Wealth Management, is designed to make these exceptional gifts simpler and smarter. We know how to integrate your giving with your financial and estate plans. With our expert philanthropic advice, you receive support to craft a personal giving plan. Whether you are selling your company or planning your legacy, a personal foundation at Aqueduct is your bridge to being a philanthropist and helping the causes that you care about most. AQUEDUCT FOUNDATION 1

4 Aqueduct Foundation. A different kind of charity. Aqueduct Foundation is a registered charity guided by three core principles. Facilitating personal philanthropy. Smart planning. Philanthropic flexibility. 1. FACILITATING PERSONAL PHILANTHROPY. Personal philanthropy is about your vision and deeply-held beliefs. Aqueduct is cause-neutral and only operates personal foundations, or donor advised funds. Aqueduct offers privacy, insight and support for you to become a more effective philanthropist. Your fund supports the charities you identify. 2. SMART PLANNING. Aqueduct specializes in exceptional gifts special donations from assets that require financial and estate plans. We have exceptional experience with customized, tax-wise plans, and gifts of complex assets. These are not everyday donations. 3. PHILANTHROPIC FLEXIBILITY. Aqueduct is a bridge to other charities. With Aqueduct, you decide what causes or charities to support, how much they receive, and when the grants will be made. We provide flexibility in giving and structuring legacies backed by a deep knowledge of charities. Aqueduct Foundation is a different kind of charity by design. It is centred on you and your causes and provides you the help to make the world a better place. 2 AQUEDUCT FOUNDATION

5 A donor advised fund is a personal charitable foundation. A personal foundation is a powerful way to structure the biggest donations of your life. It provides simple, cost-effective management of your philanthropy for the long- or short-term. Personal foundations are simple and flexible: < You choose the name of your foundation < Establish in as little as 24 hours at no cost < Donate any kind of property cash, securities, art, private company shares, etc. < May be funded immediately or in the future through your estate plan Aqueduct Foundation enables you to continue to work with your investment advisor at Scotia Wealth Management. You experience continuity, support and full integration of your philanthropy into your wealth plan. Aqueduct focuses on exceptional gifts that require financial and estate planning, not everyday gifts that are given directly to a charity. All donations are irrevocable, and Aqueduct must approve all grant recommendations. The minimum lifetime contribution for an Aqueduct donor advised fund is $250,000 and can be started with a gift of $100,000. Your foundation helps shape a personal or family legacy. Many foundations last for generations and knit together future generations of families. AQUEDUCT FOUNDATION 3

6 Three types of personal foundations. Aqueduct offers three types of donor advised funds to address different life stages and planning situations. While your plan may combine elements of all three, each is designed to meet special needs. Advised fund. Legacy fund. Short-term fund. 4

7 advised fund An advised fund is a flexible personal foundation, usually long-term in ambition, established with a lifetime gift. It enables you to: < make annual grants of any amount to your favourite charities (minimum annual payout is 3.5% of the average market value). < make additional gifts through your estate plan. < continue working with your investment advisor. < if you wish, name family members as co-advisors or successor advisors to continue active involvement with granting decisions. legacy fund A legacy fund is a personal foundation established today and funded in the future with a gift by Will, life insurance, or other estate donation. It enables you to: < support your charities or charitable causes after your death. < create a customized plan to ensure effective giving. < change your charities without altering your Will or insurance policy without charge. < take time to clarify your charitable interests after your Will is signed. < begin granting during life with a minimum donation of $100,000. short-term fund A short-term fund has a planned existence of fewer than five years. These funds are usually established to enable a significant gift triggered by a major tax event. It enables you to: < make an immediate gift and get a tax receipt. < provide time to make the right charitable choices. < grant out the capital of a short-term fund to one or more registered charities, including a private foundation. < set up your fund within 24 hours with ease and at no direct cost. < transition to an advised or legacy fund, if you wish. < take advantage of the option of creating an advised or legacy fund. Aqueduct has a strong track record accepting gifts of complex assets, including private company shares and gifts resulting from mergers and acquisitions of public and private companies. AQUEDUCT FOUNDATION 5

8 Philanthropic flexibility. The greatest innovation of Aqueduct Foundation is granting flexibility. Unlike traditional Canadian foundations, Aqueduct provides you the flexibility to decide which charities you wish to support, how much you wish to give, and when you wish to give it. You choose the option that is best for you and your charities. 6 AQUEDUCT FOUNDATION

9 Range of fund mandates. Fixed-term (full payout at end of term) Spend-down (equal payouts over fixed term) Flexible (grants of capital and income) Short/Long (immediate grants + long-term mandate) Immediate payout (within one year) Endowment (long-term or perpetual fund) Short-term Long-term The long-term flexible option is the most popular choice. AQUEDUCT FOUNDATION 7

10 Better giving, better support. Being a philanthropist can be demanding work and even overwhelming at the outset. Done well, philanthropy can also be a source of deep satisfaction. With expertise and flexibility as our cornerstones, Aqueduct helps you to achieve your charitable goals. Aqueduct is the solid bridge to better giving. aqueduct offers: < Granting of any amount to any charity or qualified donee < Anytime granting < Full administrative and granting support < Receipt of grant cheques for personal delivery or the ability to grant anonymously < Expert help to develop your personal philanthropic mission < Charity due diligence and research reports < Personal biography and vision statement to create living legacy < Choice of investment options and retention of investment advisor < Family involvement now and in the future 8 AQUEDUCT FOUNDATION

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12 Aqueduct Foundation c/o Scotiatrust 650 West Georgia Street, Suite 510, P.O. Box Vancouver, BC Canada V6B 4N7 Toll Free: or (Toronto) Local: Fax: Aqueduct Foundation is a registered public foundation, BN RR0001. Aqueduct Foundation is independent of The Bank of Nova Scotia Trust Company (Scotiatrust), 1832 Asset Management L.P., and The Bank of Nova Scotia. Scotiatrust is the agent for Aqueduct Foundation. Investment management of the Foundation s funds is provided by 1832 Asset Management L.P, ScotiaMcLeod Global Portfolio Advisory Group, Dynamic Funds, Genus Capital Management and Nexus Investments. Registered trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank ); The Bank of Nova Scotia Trust Company (Scotiatrust ); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod, a division of Scotia Capital Inc. Estate and trust services are provided by The Bank of Nova Scotia Trust Company. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. (11/16)