Donor-Advised Funds pt. 2 | With Denise Castonguay

19/09/2024 25 min Temporada 1 Episodio 8

Listen "Donor-Advised Funds pt. 2 | With Denise Castonguay"

Episode Synopsis

Denise Castonguay, founder of Canada Gives, discusses the benefits and flexibility of donor-advised funds (DAFs) for charitable giving. She explains that a DAF is a legal entity, similar to a mutual fund, that allows individuals or companies to open an account under the umbrella of a public foundation like Canada Gives. This eliminates the need to register a separate legal entity and simplifies the process of setting up a charitable giving structure. Castonguay also highlights the ease of donating appreciated securities and the tax advantages of doing so. She emphasizes the importance of individual responsibility in philanthropy and the ability to involve family members in the giving process.

Takeaways

Donor-advised funds (DAFs) are a flexible and easy way to set up a charitable giving structure without the need to register a separate legal entity.
DAFs allow individuals or companies to open an account under the umbrella of a public foundation like Canada Gives, simplifying the process and eliminating administrative hassles.
Donating appreciated securities is a tax-efficient way to make charitable contributions.
Individuals can involve their family members in the giving process and teach them about the importance of philanthropy from an early age.


Keywords
charitable giving, philanthropy, donor-advised funds, Canada Gives, legal entity, mutual fund, public foundation, simplified process, appreciated securities, tax advantages, individual responsibility, family involvement