Donor-Advised Funds (DAFs) Explained

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What is a Donor-Advised Fund (DAF)?

A Donor-Advised Fund (DAF) is a charitable giving account, designed to make your giving easier and more impactful. With a DAF, you can:

• Contribute assets like cash or securities to your fund.

• Receive an immediate tax receipt for your contribution.

• Gift your funds directly from your account to your favourite charities.

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How does a DAF work?

• Contribute: Make a donation to your Donor-Advised Fund (DAF). This irrevocable charitable contribution ensures that once the funds are added to your giving account, they must be gifted to a charity now or in the future.

• Immediate Tax-Receipt: Once you have contributed to your fund, you receive an instant tax-receipt.

• Grow: Invest your funds to let them grow tax-free, enabling you to give more while maximizing your tax savings

• Give: Donate to any registered Canadian charity anytime, with the option to set up recurring contributions.

Why choose a DAF?

• Flexibility: Give on your schedule—contribute now and support causes later.

• Simplicity: Keep all your charitable giving in one place, with only one tax-receipt.

• Impact: Investment growth means more funds to give and more tax savings.

Why choose GiveWise as your DAF?

At GiveWise, we believe everyone should have access to a smarter way to give. Here’s why we’re different:

• No Minimum Contributions: Start your Giving Fund with any amount.

• No Fees for Small Funds: Funds with balances under $25,000 are free of Giving Fund Fees.

• Flexible Investments: For funds with balances over $25,000, you can bring your own Financial Advisor or choose from our options.

• Canadian Focus: GiveWise is a registered Canadian charity (registered charity number 701032526RR0001), designed for Canadian donors.

How GiveWise supports you.

• Streamlined Giving: Enjoy a centralized platform for all your donations.

• Tax Benefits: Get a receipt for your contributions right away.

• Trusted Expertise: Our team ensures all gift recommendations comply with CRA regulations.

Ready to Make Giving Simple?

Open your GiveWise Giving Fund today and experience the simplest way to manage your charitable donations.

Visit Us at GiveWise.ca

Giving should be easy, meaningful, and accessible to everyone. With GiveWise, it is.