For donors who like more control and involvement without administrative costs of operating their own family foundation.
A Donor Advised Fund (DAF) is a charitable giving vehicle established at an organization recognized by the Canada Revenue Agency (CRA) as a charity, such as a community foundation. It enables donors to make a charitable contribution without specifying the charities that will ultimately benefit from their gift right away and the funds can grow tax-free. The donor receives an immediate donation receipt and can also create a lasting legacy by naming Golf Canada Foundation as the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to Golf Canada Foundation and other organizations near to your heart.
Benefits of a Donor-Advised Fund (DAF):
- A more efficient way to give: a DAF offers the same benefits as a private charitable foundation without the operating and overhead costs or dealing with the administrative headaches.
- Flexible giving options: A DAF allows a donor to give a range of non-cash assets. These may include cash-equivalents, publicly traded securities, stock, shares, gifts-in-kind among others. If you use appreciated securities to establish your fund, you are exempt from capital gains tax.
- Tax-free growth now and for the future: The funds in a DAF have the potential to grow tax-free, making the amount of money available for granting to a donor’s preferred charity even greater.
Making your gift
First, you should contact your fund administrator to request a beneficiary form.
You may also contact Joelle Efford, Senior Director of Development to advise that your gift is on its way and if you would like to discuss how you would like the proceeds from your gift to be used.
Joelle Efford – Senior Director, Development
Golf Canada Foundation
1-1333 Dorval Dr, Oakville, ON L6M 4X7
Toll-free: 1-800-263-0009, 905.849.9700 x265 Email: email@example.com