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If your clients are contemplating expanding their charitable giving activities, they generally have three options:
- Direct giving: Donor makes gifts directly to each charity, receiving individual receipts for each donation made;
Or
- Open an advised fund at a public foundation: Donor opens a fund at a public foundation and makes donations and recommends grants through the fund.
- Establish a private foundation: Donor incorporates a private foundation and make donations and grants through it;
These options have different unique advantages that should be considered when making decisions about how to best meet charitable and financial goals.
Tides Canada currently holds and manages over 100 Charitable Giving Funds (advised funds) for individuals and organizations across Canada and the United States. As well as managing Charitable Giving Funds, Tides Canada also offers management services for existing private foundations.
To further discuss which of these options best meets your client's needs, please contact:
Lesley Anderson
Director of Philanthropic Services
1-866-834-3722 ext 245
Lesley AT tidescanada.org |