A Guide to Planning Your Legacy

CHOOSE YOUR LEGACY

Donor Advised Funds (DAF)

Advised Funds provide philanthropic flexibility and are growing in popularity as highly effective giving vehicles in Canada and the US. Here are five advantages to consider in your planning: • Efficient. Offers the same benefits as a private charitable foundation without the operating and overhead costs • Flexible. Allows the donor to give a range of non-cash assets, such as publicly traded securities, stock shares and gifts-in-kind, among others. • Designated beneficiaries. Donors have the ability to choose which causes will receive their support and when it will be granted. • Tax-free growth now and for the future. Having the potential to grow tax free allows the amount of money available for granting to a donor’s preferred charity even greater. • Support more causes with a single gift. A donor has the option to make a single contribution to the DAF and the organization distributes the grants in accordance with the donor’s wishes. The donor may have the option of topping up their gift amount whenever the time is right and making recommendations on future granting. They will receive a single tax receipt for their gift annually.

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