Donor Advised Funds

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The Canadian Medical Foundations’ Donor Advised Funds Program

Your Personalized Charitable Giving Program

“Flexibility” is the word when it comes to Donor Advised Funds (DAFs) established with the Canadian Medical Foundation (CMF). DAFs are one of today’s fastest growing means of long-term charitable giving because they enable donors to realize immediate benefits while providing ongoing, long-term support to the causes that matter most to them. They can be funded with anything that can be converted to cash including securities, insurance, etc. AND can support just about any charitable intention – from causes that are close to the heart like an alma mater, support for health causes, and anything in between.

CMF offers a DAF program which enables donors to create long-term charitable gifting plans in order to realize their charitable goals and further their philanthropic priorities. These long-term plans provide donors with the opportunity to make a meaningful gift now, but also enable donors with the ability to continue to give regularly to their desired charities well into the future, resulting in a greater philanthropic impact.

Donor Advised FundsDAFs provide donors with the freedom to fund the charities most important to them with privacy and without administrative burden and high costs. The CMF manages annual disbursements from DAFs to the charities of choice, as well as all other administration required, freeing donors of any clerical hassles. Donors receive a tax receipt for their initial gift, advisories when their disbursements are made, and thank you letters from the recipients, if desired.

CMF can help you give wisely—in a manner that maximizes the benefits to you and your chosen charities and/or beneficiaries. To facilitate your giving, CMF has developed our Donor Advised Fund program, and we offer our professional experience in working with caring people like you to realize your philanthropic goals in a meaningful and lasting way. CMF helps make ongoing giving simple and impactful, while enabling you to realize significant tax advantages right away.

What is a Donor Advised Fund?

A Donor Advised Fund (DAF) is a very special way to give—it is a charitable fund that is established by a donor and managed by the Canadian Medical Foundation (CMF).

A DAF is established with an initial gift at which time the donor identifies the charities of their choosing. However, the donor is also able to recommend charities be added to or removed from this list in the future. Once a DAF is created, the donor’s gift is then invested in order to provide perpetual annual funds to the donor’s charities of choice from the income of this investment. This allows the donor’s selected charities to realize not only immediate benefits, but also annual benefits well into the future.

At the time of their initial gift, the donor receives a tax receipt for the full value of their gift. Subsequent gifts may be made by the donor, their family, friends, or others whom learn of their DAF. All such gifts will be added to the donor’s DAF to benefit the donors selected charities with tax receipts being provided at the time of each gift.

Donor Advised FundsWho Establishes a Donor Advised Fund?

The reasons people establish Donor Advised Funds (DAFs) is as complex and personal as any other philanthro pic choice, often DAFs are set-up by individuals and/or families wishing to make a significant, on-going charitable contribution to the causes that matter most to them, and others to honour a loved one or colleague. The reasons and advantages are extremely personal.

What Are The Advantages of a Donor Advised Fund?

Donor Advised Funds (DAFs) are highly flexible impact giving and estate planning tools that can be used to provide a continuous stream of income to your favourite charities.

DAFs offer great flexibility and attractive tax advantages, while creating the potential to grow your charitable dollars—resulting in more support for your charities of choice. With a DAF, you have great flexibility. You can give during your lifetime, or later, using your estate.

DAFs can also provide regular, reliable income to your charities of choice while relieving you the administrative burden of doing so.

In addition, DAFs offer you the option to create a named fund – for example: The Dr. John Smith Charitable Fund – or to remain anonymous in your charitable giving. Many DAFs are created to memorialize a friend or a loved one and are often named in recognition of that special someone.

DAF3What Tax Benefits Does a Donor Advised Fund Provide?

A Donor Advised Fund (DAF) can be established using anything that ultimately can be converted to cash, and as a result the tax advantages are personal to an individual.

However, DAFs do provide you with immediate tax benefits. To establish a DAF an initial gift is made to the Canadian Medical Foundation (CMF). This gift will then be used to provide your charities of choice with ongoing annual income. However, you will receive a tax receipt for the full amount of your gift at the time your DAF is created.

We encourage you to speak with your wealth management professional regarding the most tax-efficient gift for you.

Is a Donor Advised Fund Your Opportunity to Achieve Your Philanthropic Goals?

The Canadian Medical Foundation’s (CMF’s) Donor Advised Fund (DAF) donors are goal-oriented, dedicated and driven – they want to achieve their philanthropic goals in an impactful way that makes a difference to the causes most important to them not only today, but also well into the future.

The Canadian Medical Foundations understands this and would like to help. Please contact us today at 1.866.530.4979 or info@cmf.ca to discuss how we can best help you realize your charitable giving goals and achieve your philanthropic priorities.