A Donor Advised Fund is a charitable vehicle created for the purpose of managing charitable donations over your lifetime and beyond.
Donor Advised Funds (DAFs), allow you to reduce taxes while supporting causes that matter to you. These funds are held, and invested on your behalf, by foundations such as the Victoria Foundation or the Vancouver Foundation, as well as many other community or financial institution foundations.
How donor advised funds work – during your lifetime
To create your fund you will need to make an initial donation (minimums vary by foundation,
generally from $10,000 – $25,000) and choose a name for your fund. These funds are then
invested by your chosen foundation with the objective of long-term capital growth to help you meet your chartiable giving goals. After your fund is created, a portion of the returns are donated to a registered Canadian charity of your choice, each year.
Flexibility: You decide which charities receive grants from your fund, how much and when – with the flexibility to adapt and change your choices every year. The foundation then makes donations to your chosen charities on your behalf.
How DAFs support legacy giving – after your lifetime
Do you imagine a world where your conservation vision lasts beyond your lifetime? By naming a successor fund advisor, your Donor Advised Fund becomes an ongoing charitable legacy that can last for generations.
How to get started:
• Decide how much you want to invest
• Contact the Foundation you would like to host your fund
• Name your fund
• Choose the charities you wish to support
To request more information on these types of gifts, please email membership@conservancy.bc.ca.
For a printable information form, click here.
IMPORTANT: TLC offers this information with the understanding that we do not render legal, accounting, or other professional advice. We recommend that you consult your own professional advisors to design the best plan for you.
