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AFS Insights

Charitable Giving Series: Part 1

Planning Your Charitable Giving: The Smart, Easy, and Impactful Way

By Neil Menzies

At Arbutus Financial, we are proud to have such generous and charitable clients. We are committed to helping you and your family determine the most effective ways to give. Taking the time to make a charitable giving plan is a proactive approach that can pay off for both you and the charities you support.

Some of the benefits to being intentional about your giving include saving on capital gains tax through in-kind donations (where applicable), reducing the tax burden on your estate by including a donation in your will, and increasing your impact with the same donation by investing the assets to grow over time.

Helpful Link: Charitable Donation Tax Credit Calculator

All of these benefits can be accomplished more easily through the simple setup of a Donor Advised Fund (DAF). A DAF is a giving vehicle that functions similarly to a private foundation, with much less administrative cost and time associated. It is set-up under a public foundation (like Chimp) and the assets are kept invested with your own advisor. You can name the account anonymously or using a family name and will receive an immediate tax receipt upon donating the assets. The assets can grow over time should you choose to keep them invested or they can be distributed as grants to Canadian charities of your choice at any time, for any amount using an online platform or form.

A Donor Advised Fund is just one of the ways to start being more intentional about your giving using creative but simple solutions. We are grateful you are already making the world a better place, and we would like to help you find ways to amplify your impact, on your own terms. If you have any questions or would like to discuss, please feel free to reach out to a member of your Arbutus Financial Team.