Legacy planning adds meaning to your life and shapes the way you’ll be remembered. We can offer guidance about your options for charitable giving.
The Macquarie Private Wealth Client Gifting Program in partnership with Benefaction Foundation helps you work with your Macquarie Private Wealth Investment Advisor to establish a Donor Advised Fund (DAF) to enjoy:
Tax savings — You’ll receive a tax receipt for all donations of cash or publicly listed securities. Plus, when you donate securities, you avoid the tax liability typically associated with the realization of accrued capital gains.
Efficiency — Achieve all the satisfaction and financial advantages of establishing your own foundation, with less cost and complexity.
Integration — Coordinate your charitable giving with your overall wealth and estate plans.
Control — Decide how the donation is to be used, and focus on the causes that matter most to you. Receive regular, measurable feedback on your gift’s impact.
A legacy — Create lasting change by adding to your fund, either by placing a bequest in your will, donating an RRSP or RRIF, transferring a paid-up life insurance policy, or inviting family, friends and colleagues to get involved in your cause.
Ask your Macquarie Private Wealth Investment Advisor how the Client Gifting Program works.
*Registered as a charitable Public Foundation with the Canada Revenue Agency (CRA), Benefaction is committed to ensuring that your fund meets all annual CRA disbursement quota obligations. Benefaction is authorized to receive philanthropic donations, issue tax receipts and bequeath gifts to registered charities through vehicles such as donor-advised funds, direct funds, and endowments. CRA # 80421 3759 RR0001 — Donations are irrevocable and no personal benefit can be received by the donor or his/her family, directly or indirectly. All gifts donated are the property of Benefaction, and grants made from its funds are made by Benefaction. Donors may make recommendations to the Benefaction Board of Directors about the grants to registered charities and other qualified donees. In practice, donor/advisor recommendations that are consistent with the terms of Benefaction’s Investment Policy, Benefaction’s Gift Acceptance Policy and the laws of Canada are approved. Macquarie Private Wealth is a full-service investment firm focused on the affluent client and their financial objectives. Investment Advisors are employees of Macquarie Private Wealth. All grants require the approval of Benefaction’s Board of Directors. The minimum grant to a registered charity is $1,000. Minimum program participation is $25,000. Past performance is not a guide for what might happen in the future. The value of investments and the income from them can go down as well as up, so your charity may receive less than you donated.
The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Before acting on any of the above, please seek individual financial advice based on your personal circumstances. However, neither the author or Macquarie Private Wealth Inc. (MPW) makes any representation or warranty, expressed or implied, in respect thereof, or takes any responsibility for any errors or omissions which may be contained herein or accepts any liability whatsoever for any loss arising from any use or reliance on this report or its contents.
There are no capital gains taxes on donated securities. This provides a strong financial incentive to donate appreciated securities directly to your favourite charity.
When you donate stock, you receive a charitable tax receipt:
By directly donating stock, you give your charity and yourself a considerable advantage. Best of all, your Macquarie Private Wealth Investment Advisor will facilitate the entire process so it is effortless for you.
The information provided above is for illustrative purposes only. Please consult your Macquarie Private Wealth Investment Advisor for tax-effective giving that is right for you.
Ask your Macquarie Private Wealth Investment Advisor about:
Select MPW advisors specialize in charitable giving strategies. Find one in your area.