The Role of the Professional Advisor
Professional advisors are in a unique position to support their clients to realize their philanthropic goals by helping to design charitable gifts that can maximize the tax and other financial planning benefits.
Research shows that only 7% of Canadians would leave money to charity in their will, in the absence of a specific discussion around charitable giving. However, if the issue is raised with them, perhaps when drawing up a will or financial plan, the figure rises to 27% - more than a three-fold increase.
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Image and text courtesy of Community Foundations of Canada
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One Example of the After-tax Cost of Philanthropy
(Assuming an Ontario resident in 2010 with taxable income of $60,000)
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Donation
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$ 1,000
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$ 5,000
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$ 10,000
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$ 25,000
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Tax credit on donation
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361
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1,966
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3,976
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10,000
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Net Cost
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639
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3,034
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6,024
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15,000
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Resources from Community Foundations of Canada |
Talking About Charitable Giving
Top 10 Reasons for Discussing Philanthropy
How to Start the Discussion
Ways to Talk About Giving
The Life Stages of Giving
Research on Charitable Giving in Canada
Ten Reasons People Choose Community Foundations
| Tools & Resources for Professional Advisors
The Gift Matrix
Gift Options
Cash
Appreciated Securities
Bequests
Life insurance
Glossary of Charitable Giving Terms
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Resources from Perth & District Community Foundation
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Video on PDCF to share with clients
Past PDCF Grant Recipients
Testimonials from PDCF grant recipients
PDCF Fields of Interest Funds
PDCF Planned Giving Brochure
PDCF Financial Reports
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Presentation of $25,000 grant to Algonquin College
from the PDCF Ken Gray Memorial Fund
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