Utilizing a GiveWise® DAF
Increase Your AUM While Saving Your Clients' Time & Taxes
A GiveWise Donor Advised Fund, or Giving Fund provides an easy to use online portal enabling your clients to give to charities they care about. From education and social justice, to health care and clean water, clients can contribute to any Canadian Registered Charity through donations of cash, appreciated securities, and other complex assets. This allows you to combine their charitable giving with their overall wealth plan to leverage tax-advantaged giving.
Strengthen the bond between you and your client while increasing your service offering and AUM.
We want you to be the one to introduce DAF's to your clients not someone else.
Jared Neufeldt
Financial Advisor
Jared, a Financial Advisor, explains how GiveWise has benefitted himself and his clients.
Financial Advisor Benefits
- Provide guidance to one of the most important elements of your clients' wealth.
- Enhance your service offering.
- Attract new clients.
- Continue to manage your clients charitable assets.
Benefits to Your Clients
- Support your clients with one solution for all of their giving.
- Contribute and Grant immediately - Through donations donors can support the charities immediately making the impact they desire.
- Contribute and Invest - Some clients may not yet know where they want to give. Your expertise can grow their funds tax free while they are making those important decisions.
- Serve your clients by helping them achieve their philanthropic goals.
Sean
Financial Advisor
Shawn, a Financial Advisor, explains how the flexibility of GiveWise has been very beneficial.
“GiveWise has given my clients and I a fantastic vehicle by which they can accomplish their charitable goals. At the same time, as their Portfolio Manager, I am given the opportunity help the charitable funds to grow under the investment guidelines that they are familiar with and comfortable with. The partnership between GiveWise, my clients, and myself provides my clients with more funds and streamlined opportunities to give to the charitable causes that are near to their hearts. GiveWise’s flexible fee structure has provided a great tool that makes sense to my clients and to myself, and has deepened our relationship.”
I started using GiveWise in 2018 and have recommended it to my clients. GiveWise was willing to be flexible and made it easy to accept my client’s complex assets as charitable gifts. I find it easy to use and the consolidated tax receipt is golden at the end of the year.
I have been using GiveWise for over a year now. I love the simplicity, most of all not having to gather all my tax receipts. I also like the fact that I can give my appreciated securities directly, which saves me capital gains tax.
Benefits Of Donating Publicly Traded Securities
Donating publicly traded securities can provide financial benefits to your clients:
- Most tax efficient way to give
- Donate “in kind” and reduce your clients capital gains tax to $0
- By donating shares, rather than selling first, gain a larger tax credit to offset your clients' taxable income
- Receive a tax receipt for the fair market value on the day of transfer of the gift in kind
Your clients will have different needs and different timing, so GiveWise Canada makes it easy to work with the various types of assets: cash, gifts of publicly traded securities, gift in a will, life insurance, private company shares.
Tax on Capital Gains:
Sell Securities & Donate:
$8,225
Donate Securities Directly:
$0
Amount Charity Receives:
(amount donated after capital gains tax deducted)
Sell Securities & Donate:
$41,775
Donate Securities Directly:
$50,000
Charitable Tax Credit:
Sell Securities & Donate:
$19,634
Donate Securities Directly:
$23,500
This calculation is based on a 47% Investor's Marginal Tax Rate. This is for illustrative purposes only. Tax rates will differ from province and person. Please consult your financial advisor to confirm numbers for your situation
Resources For Advisors
Have meaningful conversations
with your clients about philanthropy
Optimize your clients' tax strategies
with charitable giving
