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Whether you are looking to set up a foundation that will last a lifetime, help your chosen charity in the short term, or accumulate assets to give back the way you want at the end of the year, Benefaction can help you help your favourite causes. You can consolidate and simplify your charitable giving with a Benefaction Donor Advised Fund (DAF). It is just like establishing your own charitable foundation, without all the administrative hassle. To learn more about our process, check out our Program Guide. Please note that all of our activities with respect to our Donor Advised Funds are governed by our Privacy Policy.
How It Works
Gift
Kick-off the process to establish your own Donor Advised Fund by completing our Donor Agreement, where you will name your fund and share other important details like your disclosure preference with charities and identify your successors. Make a donation of $25,000 or more, in accordance with our Gift Acceptance Policy, and Benefaction will issue you a charitable tax receipt. Future donations to your fund can be made using our Gift Form.
Grow
Your donation is invested by Benefaction into a separate account for your DAF with the objective of long-term capital growth for your charitable purposes. Read our Investment Policy Statement for more information on approved investments. Quarterly, you will receive a Statement of Activity from Benefaction outlining the activity in your fund for the prior.
Grant
Starting in the year after the fund is established, a portion of your fund is allocated annually for charitable purposes. This is called your Annual Disbursement Quota and is updated and shared with you in your quarterly Statement of Activity. You recommend which charities receive grants from your fund, how much, and when. Notifying Benefaction of the grants you wish to disburse is as easy as sending an email, but we also have a Grant Recommendation Form you can use, which includes all of the relevant details we require. You can choose to support any registered Canadian charity or other qualified donee accepted by CRA, in accordance with our Grants Policy.
Tax Advantages of Gifts of Publicly Listed Securities
Check out our explainer video which outlines the tax advantages of gifts of publicly listed securities.
Calculate Your Savings
Use the calculator below to estimate the income tax savings (and net cost) of making a charitable donation. Please note the calculations do not incorporate the Alternative Minimum Tax (AMT), which could affect a subset of donors.
The calculator is best viewed on a laptop or desktop device.
Any calculations are for demonstration purposes only. While we have made every effort to ensure the information provided is accurate and complete, Benefaction Foundation makes no representations, guarantees or warranties with respect to the accuracy of any illustrations. We recommend that donors seek professional tax and legal advice regarding their particular circumstances before taking any action.