Estate Donations

Total 88 Posts

Charities and Political Activities

• • 2 Comments

  A battle has been waging in Canada since 2012 over “political activities” by registered charities. The previous Federal Government initiated an audit by Canada Revenue Agency (CRA) of 60 registered charities, which was discontinued in 2017 by the current government. On July 16, 2018, the Ontario Superior Court of Justice struck down the limitations as unjustifiable restriction of a charity’s freedom of expression. On August 15, the Government of….

Charities and Political Activities Continue Reading »

Estate Donations, Philanthropy/Charitable Giving

Artist Foundations

• • 3 Comments

[caption id="attachment_6702" align="aligncenter" width="800"] Tom Thomson’s The Pointers, 1916-17 (Hart House, University of Toronto) – See Thomson’s catalogue raisonne at http://tomthomsoncatalogue.org/[/caption] In the U.S. there is a generation of contemporary artists who have never been richer and they are endowing – with art and money – some significant foundations. Cy Twombly Foundation, for example, reportedly has assets of over $1.5 billion. There is even a support initiative called the Artist-Endowed Foundation….

Artist Foundations Continue Reading »

Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized

Donate to Eliminate Clauses

• • 3 Comments

Last week I received a call from a client who wished to include a “donate to eliminate” clause in his will. His goal is to wipe-out all taxes in his estate by giving just the right amount to his favorite charities. A few years ago, this planning idea was all the rage in gift planning circles. It turned on a model clause that directed the executor to calculate the value of….

Donate to Eliminate Clauses Continue Reading »

Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized

Intrinsic v. Extrinsic Giving

• • 2 Comments

There is a fundraising truism that says you don’t get money unless you ask for it. But as estate planning professional know that’s not always true. A difference between lifetime gifts made directly to charity and estate donations is motivation. Often lifetime gifts are extrinsically motivated; estate donations are more likely to be intrinsically motivated. In other words, most everyday gifts are the result of an external solicitation; estate donations….

Intrinsic v. Extrinsic Giving Continue Reading »

Charitable Giving, Estate Donations, Estate Planning, Philanthropy/Charitable Giving

Estate Donations for Charities Not Yet Registered

• • 0 Comments

The 2018 Federal Budget hinted that Canadian newspapers may be able to receive charitable status in the future.  As I’ve previously written, making non-profit and local journalism an eligible charitable purpose is a timely idea — and it has implications for donor planning their estates.  The Federal Budget got me thinking of a charitable planning conundrum: donors who wish to support a cause that is not yet charitable at law….

Estate Donations for Charities Not Yet Registered Continue Reading »

Estate Donations, Philanthropy/Charitable Giving, Uncategorized

Charity v. Benevolence

• • 0 Comments

Last week I received two inquiries from caring colleagues hoping to help individuals in need.  One person had cancer and had lost his business, while the other was a sick child who perhaps could benefit from her own charitable foundation.  As heart-rending as these stories are, neither qualify as “charity”.   Both are forms of benevolence. Charity and benevolence are confused all the time.  Simply, benevolence is support of an individual….

Charity v. Benevolence Continue Reading »

Charitable Giving, Estate Donations, Philanthropy/Charitable Giving
Scroll to Top