In addition to knowing your major gift could continue and support the work of your favourite charities, you also:
- may be recognized in a special way and this can be discussed with the charity beforehand;
- may have the option of working with the charity of your choice to direct your gift towards specific needs;
- may have the charity set up a trust fund in perpetuity to recognize your family name or as a memorial tribute to someone special; and
- will receive any tax benefit or advantages permitted under government guidelines.
Where do I start?
1. Take your time. Don’t be pressured into contributing immediately. Take a day or two to consider the offer. Donors can always send in their contributions later.
2. Get information. Ask to see a brochure or other document, while understanding that smaller charities may not have the resources to print glossy material or give out brochures to everyone. A website may also be helpful. If in doubt, check Canada Revenue Agency’s website. If you know the name of the charity, click the underlined “Search” and type in the name. Once located, the charity’s mandatory returns to the CRA are available to view. At the same site, you can also search the over 80,000 charities in Canada.
3. Be careful of similar sounding names of charities. Some charities adopt names similar to major charities but often their purposes are quite different from the charity they are imitating.
Donor Bill of Rights
Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the nonprofit organizations and causes they are asked to support, the American Association of Fund Raising Counsel, Association for Healthcare Philanthropy, Association of Fundraising Professionals and the Council for Advancement and Support of Education created the Donor Bill of Rights, which states that donors have the right:
1. To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.
2. To be informed of the identity of those serving on the organization’s governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.
3. To have access to the organization’s most recent financial statements.
4. To be assured their gifts will be used for the purposes for which they were given.
5. To receive appropriate acknowledgment and recognition.
6. To be assured that information about their donations is handled with respect and confidentiality to the extent provided by law.
7. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.
8. To be informed whether those seeking donations are volunteers, employees of the organization, or hired solicitors.
9. To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.
10. To feel free to ask questions when making a donation and to receive prompt and forthright answers.
How can the PGC help?
We are able to connect you with many advisors who can assist you with setting up gifts as well as foundations or other means of supporting the charities you love. Feel free to look around using the buttons below: