We provide wealthy families, foundations and corporations with a full range of philanthropic services that help achieve the greatest results.
With the celebration of our fifth year of operation, we are proud of our solid expertise and assistance provided to many donors and foundations. We help donors determine their philanthropic passions, set up and operate foundations, create new philanthropic partnerships, conduct due diligence and research on thousands of charities and evaluate the impact of our clients’ giving.
Want to increase the impact of your philanthropic giving? Contact us.
Have you heard about this?
It is also known as social impact investing or mission related investing or social innovation. Basically, instead of investing your capital into the usual markets, you make an investment, not a grant or a gift, but a real investment in a company that is doing good. Now isn’t that a great idea- you can take some of your investment funds, and put them to work helping social entrepreneurs grow their businesses.
A “social” entrepreneur is one whose business is focused on addressing a social or environmental issue. The end result of the business does some social good. Not only do you hopefully reap a positive economic return, but you will also be contributing to improving social and environmental issues as well. This is great for donors and charitable foundations as they can put their investment funds to work – doing good – while still keeping their capital invested. Some social finance investors have indicated that they have received greater returns on these investments than traditional investment markets- even better! Want to learn more? Visit: www.socialfinance.ca or contact us at: email@example.com
Recently I was speaking with some donors who said they had dropped the word “gift” when referring to the money they give to charities and now only speak about their philanthropy as “investments”. This made me question: “Is all charitable giving really an investment?”
With an investment, you expect a return, and you usually expect that return to be better than what you initially invested. Sometimes the investment does not deliver as well as you expected. When that happens, we sometimes withdraw from that particular investment or we stay the course and hope it corrects itself over time. We watch our investments, we take corrective action, and hopefully we also reap positive returns.
A gift is something you give someone that you do not expect any return on. You do it out of the sheer joy of giving something to someone else to make them happy, to wish them well, to congratulate them. We do not worry about a gift. Once you have given the gift, you do not watch what happens with it, you do not take any corrective action and you certainly do not expect to see it again. Read more
Here we go again..
Would you give $2,500 to a charity if you were promised a tax receipt for $10,000? Sounds too good to be true? Read on!
We first wrote about this in November, 2010 but it bears noting again given recent law suits on the topic.
In Jeff Gray’s Globe&Mail article (http://t.co/XbqXQIl), he indicates tens of thousands of Canadians have participated in such programs over the past decade, based on the advice of their financial advisors. Now donors who thought they were getting a good deal are finding the Canada Revenue Agency (CRA) knocking on their doors asking for hundreds of thousands of dollars in back taxes and interest. Charities who participate in such schemes are losing their charitable status. Now there are several law suits against the tax promoters and their lawyers.
Why would anyone think such a deal could possibly be legitimate? Read more
After carefully examining all your philanthropic options, finally determining your chosen charity, the size and scope of your gift and then actually transferring your money to the charity, how do you know if your gift will actually make a difference?
As a donor, you have a right to know that your gift is being used for the purposes intended.
You can use any number of methods, from a simple question such as “What did you do with my gift and is it making a difference?” to sophisticated grants monitoring, analysis and reporting systems. Read more
A great way to get your philanthropy in shape!
Do you have one?
Do you need one? Read more
Just finishing your last minute giving?
Are you absolutely sure you know where your money is going and how it is being used?
Imagine Canada has recently produced a very quick introductory “Guide to Giving”. It is a great tool to help you learn a little more about the charities you are considering supporting. It suggests what to look for in a charity, provides information on fund raising and administrative costs and gives useful links. Check it out.
And if you need more help with your philanthropic giving, we are just a click away: firstname.lastname@example.org
The CRA is encouraging donors to donate wisely this holiday season. Sometimes we can get caught up in the spirit of giving and forget to conduct due diligence on charities during this hectic time. It is always a good idea to see if the charity seeking your generous donation is actually registered with CRA and in good standing. Take a good look at the organization and see if they have a website or publicize their programs. Ask around to see if any of your acquaintances know of their good work. Call or visit the charity and see if it fits with your philanthropic goals and see what impact their work is having. Ask them how your donation will be used. Check out their board members. Lastly, take a look at their annual report and financial statements to make sure they are solvent. Give generously and give wisely for the greatest impact of your philanthropic gift.
If you are approached by someone seeking a charitable donation and promising you huge tax saving that are greater than your gift, take caution. Such shelters will ask the participant to make an investment and in return, receive a charitable donation receipt for a greater value than the donated cash or property. If it looks too good to be true, it probably is. For complete details, see the donor alert section of www.cra.gc.ca
You have no idea how many times I get asked this question.
The answer: it depends!
If you want to leave a lasting legacy, engage your children in philanthropy, want to have control of your philanthropic investments and manage grant making yourself (or hire someone to do so), then you may wish to consider establishing a foundation. However, if you do not want the administrative burden of managing a foundation, dealing with a myriad of charitable organizations, filing with the CRA and following up on grants, you may wish to consider other options that are now readily available to donors. Read more