For Individuals
Having the means to live well is important.
Making a meaningful
difference is life-changing.
Whether you wish to support the arts, conserve natural resources, advance medical research or help an underprivileged child, giving back speaks volumes about who you are and the values you hold dear.
Benefaction provides simple, smart and tax-effective ways to help make your philanthropic dreams a reality.
You will work closely with your advisor to reach your personal investment goals. He or she can help ensure your gift complements your overall wealth management strategy and supports your cause in a way that is effective and lasting.
Donor Advised Funds
It’s like having your own charitable foundation.
As a Benefactor, you can realize the financial advantages and personal satisfaction that come with establishing your own charitable foundation, with significantly less cost and complexity.
Our Donor Advised Funds are charitable giving vehicles created for the purpose of managing charitable donations and are tailored to reflect your family’s philanthropic goals and values. You advise us on how you would like your donation to be used and on how you would like the assets invested, and you’ll receive tax benefits on your donation. In the meantime, we work behind-the-scenes, handling all the administrative details and providing you with regular, measurable feedback on the positive impact of your generosity.
Donor Advised Funds are a flexible and cost-effective method of leaving a lasting legacy—similar to establishing your own foundation—but without the time and expense required to manage one. An initial donation of $25,000 is required to establish a fund.
There is no formula for philanthropic giving. Every individual, family and organization has distinct interests, concerns, goals and needs. Benefaction can work with you to develop a personalized giving plan, tailored to reflect your family’s philanthropic goals and values.
Benefaction’s staff and network of expert advisors are available to help you:
• Focus your giving strategy
• Evaluate the impact of your gift
• See your charitable dollars at work
• Involve family members in your giving strategy over time
Charity Portfolios
As a Benefactor, you can specify the charities you wish to support or choose to give to one of Benefaction’s four charitable portfolios, each encompassing a collection of important, well-deserving causes. Either way, Benefaction keeps administration fees low, so the maximum sum goes to good works.
Benefaction’s Charity Portfolios allow you to pool your donations with like-minded Benefactors, potentially creating an even greater impact. And you’ll have added peace-of-mind knowing that each featured charity has been thoroughly assessed and deemed deserving of your generosity.
Learn more about our Charity Portfolios:
Aging, Elder Care & Alzheimer’s
Children & Education
Environment
International
Benefits
Tax savings. You receive a charitable donation receipt when you donate cash or publicly listed securities to your charitable fund. In addition, when you donate securities, the tax liability typically associated with the realization of accrued capital gains will be significantly reduced.
Efficiency. Enjoy virtually the same benefits as private foundations do, but at a substantially lower cost and with no administrative inconvenience.
Direct your donation. You advise Benefaction to make donations to qualifying charities of your choice, or you can choose to donate to one of our thoughtfully designed Charity Portfolios. In either circumstance, you are kept well-informed on how your donations are put to good use.
Guidance and Research. Rely on our expert advisory services to help you establish a customized strategic giving plan.
Satisfaction. Work with your advisor who understands and facilitates your desire to make a difference—and enjoy the lasting rewards that come with achieving your philanthropic goals.
Are You Ready?
Ask yourself the following questions.
• Have I considered establishing a foundation but am unsure how to start
and manage it?
• Do I have more complex wealth management needs?
• Do I have highly appreciated securities or property for which I want to
avoid capital gains taxes?
• Am I contemplating the sale or liquidation of my business and looking
for ways to reduce tax liability?
• Am I preparing my will, establishing a trust or designating a beneficiary
for my retirement assets?
• Do I want to transfer a legacy of charitable giving to my children?
• Do I envision making a lasting impact, but feel overwhelmed by the
many charities vying for my gift?
• Do I find myself dealing with calls for donations, when I would rather
proactively plan to make the most of my charitable dollars?
If you answered yes to any of these questions and would like to learn more about how Benefaction can help, contact info@benefaction.ca or call 1-866-514-2612.
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