Philanthropy/Charitable Giving

Total 169 Posts

60 Months: Estate Donations Revised

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On January 15th, 2016 the Department of Finance announced changes to the trust and estate donation rules that came into effect at the beginning of 2016.   Three measures affected charitable donations, including two improvements to the “estate donation” rule. 1. Timing of Transfer Estate donations – gifts by will and direct designation gifts of life insurance and registered funds – were originally aligned with the 36-month graduated rate estate (GRE). ….

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Estate Planning, Philanthropy/Charitable Giving

Estate Donations of Art

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Fine art is an asset class that has been growing in importance among the affluent and is beginning to be a significant part of certain estate plans.   One estimate pegged the international art market at €51 billion in 2014, and Canada has seen record prices at auction.   Many collectors are contemplating donating their art at death, but the process has its challenges. The top-of-mind recipients of art are galleries and….

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

Chan and Zuckerberg’s Post-Charity Initiative

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Pretty much anything related to Facebook founder Mark Zuckerberg and his wife Priscilla Chan garners headlines. The announcement that they would be giving away 99 percent of their fortune – currently worth $45 billion in Facebook shares – prompted visions of a massive private foundation in the manner of Bill & Melinda Gates Foundation. Instead the couple said they were putting the fund into a Limited Liability Company (LLC) to….

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Philanthropy/Charitable Giving

Private Foundation Continuity

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The combination of “private foundation and perpetuity” is a bit like “Fred and Ginger”, always linked in the public mind. Since 2000, however, the charitable status of 1,750 Canadian private foundations has been revoked. Of that number, 1,088 private foundations deregistered on a voluntary basis at the request of trustees or directors. To put these numbers in context, the number of new private foundations registered since 2000 is 2,983. In….

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Estate Planning, Philanthropy/Charitable Giving

Doing Things Differently

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The Health Innovation Collaborative (HIC) is a three year project supported by The Green Shield Canada Foundation . Under the helm of Sarah Saso, the executive director, funding was provided to bring major community based organizations to collaborate to improve the lives of seniors. The goal of the project was to address ‘the idea of care coordination to keep people living in their homes as long as possible. The goal….

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Elder Care, Geriatric Care Management, Philanthropy/Charitable Giving
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