Archive for the ‘Philanthropy/Charitable Giving’ Category

Tax Deadlines & Charities

Friday, December 12th, 2014

The 10-week period prior to December 31 is the busiest time of the year for charitable giving, as there is nothing like a tax deadline to sharpen the mind. In my world, this includes creating short-term donor advised funds in Aqueduct Foundation to receive immediate gifts and grant 100% ...

Gifts of RRSPs/RRIFs by Direct Designation

Monday, October 6th, 2014

Directly designating a charity as the beneficiary of a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) has a number of advantages, but also a risk. A direct designation gift is arranged by naming one or more charities on the RRSP/RRIF plan documents. After ...

Gifts from RRIFs in Life

Tuesday, September 2nd, 2014

I get a steady flow of inquiries about donating funds from registered retirement income funds or RRIFs. The value of RRIFs has grown through careful saving and market gains, and occasionally these funds represent surplus wealth. Some RRIF holders resent the requirement to take steadily increasing annual withdrawals ...