Philanthropy/Charitable Giving

Total 173 Posts

Canadian Donation Incentives Explained

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Generous but Complex and Opaque Canada has the most generous tax incentives for charitable giving in the world, but few Canadians understand what they save and how the system works. Why the paradox?  Here’s a longer-than-usual blog providing an overview for your future reference. For starters, it is helpful to understand that the Canadian tax system is grounded in unspoken social policy: we all must contribute to society, but there….

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Estate Donations, Philanthropy/Charitable Giving, Tax Issues

Does Charity Data Matter?

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[caption id="attachment_7268" align="aligncenter" width="640"] The Toronto Star Christmas Carol Concert, 2018[/caption] What role do data and metrics play when we make charitable donations? Often very little. And that, in certain cases, is a good thing. This was brought home to me twice recently. First, at the 40th Annual Toronto Star Christmas Carol Concert in early December and then by an estate client. Public Data The Toronto Star’s concert at St…..

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Estate Donations, Philanthropy/Charitable Giving, Uncategorized

Estate Planning for Pets

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Today’s blog was written by K. Thomas Grozinger, LL.B, C.S., TEP[1] Principal Trust Specialist, Professional Practice Group RBC Estate & Trust Services Will the holiday season bring a new pet into the family scene? Pets are often considered part of the family, with one survey suggesting that almost 20% of dog owners celebrate their pet’s birthday![2] So it’s no surprise that Canadians want to make sure that their pets are….

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Estate Planning, In the News, Philanthropy/Charitable Giving, Trusts, Wills

Charitable Donations – What Do You Get in Return?

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Each December, we are reminded that this is the season of giving. As we are encouraged to lend our support to worthy causes, it is helpful to understand the extent to which donors can control the use of their funds and oversee the direction of a charitable project. Meddling in other’s affairs can be costly, as seen in Fass v CAMH, 2018 ONSC 3386. The Faas Foundation and its founder….

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Charitable Giving, Contracts, Estate Donations, Investments, Philanthropy/Charitable Giving

Foundations with Donor Advised Funds

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The current Special Senate Committee on the Charitable Sector seems to be quite interested in “donor advised funds” or DAFs. In particular, members of the Committee are suggesting that the Income Tax Act should be changed to require individual funds to have minimum disbursement quotas and separate regulatory reporting. This policy trial balloon is worth debating. If for no other reason than a lot of Canadians now have their philanthropic….

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Elder Law, Estate Planning, Philanthropy/Charitable Giving, Uncategorized

Charitable Matching Funds

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As a fundraiser at a university in the early 1990s I discovered that a primary extra incentive for major charitable gifts is matching funds.  Typically from government sources, matching funds are compelling to donors and important fundraising tools for a lucky few charities.  Unfortunately they create an uneven playing field in the charitable sector. Matching programs are varied and often short-lived, but in every case they represent a government priority. Examples….

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Charitable Giving, Philanthropy/Charitable Giving, Uncategorized
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