Make A Difference

Benefaction is a charitable public foundation that helps individuals, corporations and their financial advisors make a positive impact through planning giving with our Donor Advised Funds (DAFs). We make it easy to add charitable giving to your overall wealth management plan. DAFs provide the advantages of establishing a personal charitable foundation with significantly lower costs and complexity. Benefaction allows donors to manage all charitable donations through on vehicle to reflect their philanthropic goals and values.

 

 How It Works

Gift

Kick-off the process to establish your own Donor Advised Fund by completing our Donor Agreement, where you will name your fund and share other important details like your disclosure preference with charities and identify your successors. Make a donation of $25,000 or more, in accordance with our Gift Acceptance Policy, and Benefaction will issue you a charitable tax receipt. Future donations to your fund can be made using our Gift Form.

Grow

Your donation is invested by Benefaction into a separate account for your DAF with the objective of long-term capital growth for your charitable purposes. Read our Investment Policy Statement for more information on approved investments. Quarterly, you will receive a Statement of Activity from Benefaction outlining the activity in your fund for the prior.

Grant

Starting in the year after the fund is established, a portion of your fund is allocated annually for charitable purposes. This is called your Annual Disbursement Quota and is updated and shared with you in your quarterly Statement of Activity. You recommend which charities receive grants from your fund, how much, and when. Notifying Benefaction of the grants you wish to disburse is as easy as sending an email, but we also have a Grant Recommendation Form you can use, which includes all of the relevant details we require. You can choose to support any registered Canadian charity or other qualified donee accepted by CRA, in accordance with our Grants Policy.

“Our Donor Advised Fund (DAF) at Benefaction Foundation has allowed us to support the organizations we hold most dear, without the administrative burden and complexity of doing it ourselves. Our fund also positions us to provide a managed legacy of giving after we are gone.”

— Alan & Lynn, Ontario

Let’s Chat

info@benefaction.ca
416-915-0700
Toll Free: 1-866-910-8227

Head Office: 83 Harbord St. Toronto, ON M5S 1G4