Earn 1 CE Credit by watching this on-demand video on Donor Advised Funds: The Present and Future of Charitable Giving:
Contact Information: Reach out to Dan Kyte at dan.kyte@givewise.ca to initiate the setup process.
Required Documentation: GiveWise, an accredited investor, completes the registration forms to become a corporate level client of your firm.
GiveWise becomes your client.
Master Corporate Account:
Instruct the client to open a GiveWise Giving Fund. Takes 5 minutes and is completely online. See instructions here.
Set up a master-level corporate account with your preferred brokerage or dealer platform.
Individual sub-accounts will be labeled as "GiveWise - [Client/Donor Name]" for easy identification.
Account Management:
GiveWise provides you with with bank account details for efficient fund transfers.
Sub-accounts enable donors to retain advisory privileges over investment decisions.
Flexible Guidelines:
Work with clients to recommend portfolios that align with GiveWise’s flexible investment policy.
Investment accounts with balances starting at $25,000 are eligible for growth under the advisor’s management.
Regular Reporting:
Advisors have express permission to report account performance directly to clients.
Performance updates follow the advisor’s regular cadence.
Streamlined Approvals:
All investment, rebalancing, and liquidation requests are approved by GiveWise as the asset owner.
Approvals are managed via email between the advisor, donor, and GiveWise.
Grant Processing:
Donors can recommend grants to registered Canadian charities through the GiveWise platform.
Integration with Platforms:
GiveWise works with major firms like CI Assante, Canaccord Genuity, NBFWM, and others to ensure seamless account integration.
Accounts are structured within proprietary dealer platforms for efficiency.
Customized Reporting:
Advisors provide regular performance updates to donors using third-party permissions granted by GiveWise.
Efficient Processes:
Sub-accounts minimize administrative burdens, and GiveWise manages all regulatory compliance for master accounts.
Helpful Information for Onboarding GiveWise Foundation as a Client
Hello:
GiveWise is thankful to be opening an Account with yourself and your firm, to serve as a Giving Fund DAF sponsor for your client’s charitable giving!
Please find attached documents that will assist and inform you in the onboarding process of bringing GiveWise on as a client:
Financials
Articles of Incorporation
Register of Board Directors
IDs for Signatories
For the account opening signatories, our Foundation Guidelines require one Director from our Board, and one of either Dan Kyte or Tammy Kyte. I have included IDs for both Tammy and myself to be on the account, in case I am not available. I have also included for our Board Chair, Mark Brandsma, as the Director.
Once the account is open, any money movements, trades, or other transactions will only need one of us to sign, and I will be the point person. If I am not available, then Tammy next, and last would be Mark.
Full Name for the account: GiveWise Foundation Canada
Main Point Person who is a signatory: Dan Kyte, dan.kyte@givewise.ca, 604.615.2141
Administrative contact to be copied on emails concerning documentation, statements, banking transfers, etc., but is not a signatory: Cristie Moews, cristie.moews@givewise.ca.
Address:
3251 Boxwood Court,
Abbotsford B.C.
V3G 0A6
The way that this has worked with other Financial Firms we work with is once this first account is opened, if there are other clients that come along, sub-accounts are opened with notional reference to the clients by having their name(s) appended to the account name after “GiveWise Foundation”.
Please do not hesitate to reach out with any further questions!
With Gratitude,
Dan Kyte
Director of Finance and Investments
604.615.2141
GiveWise partners with brokers and dealers to provide seamless integration for managing Donor-Advised Funds (DAFs) on behalf of clients. By working with GiveWise, brokers and dealers can retain assets under management while empowering donors with impactful charitable giving solutions. This page outlines the processes and benefits of partnering with GiveWise.
Corporate Account:
GiveWise becomes a corporate, non-profit investment client of the broker/dealer.
A master-level corporate account is created with individual sub-accounts for donors.
Sub-Account Structure:
Sub-accounts are labeled "GiveWise - [Client/Donor Name]" for easy identification.
Donors and their financial advisors retain advisory privileges over the investment decisions for these sub-accounts.
GiveWise Supplies Required Documents such as:
Financials
Articles of Incorporation
Register of Board Directors
IDs for Signatories
Signatories:
One Director from the GiveWise Board (e.g., Mark Brandsma, Board Chair).
One of the following GiveWise representatives:
Dan Kyte, Director of Finance and Investments
Tammy Kyte, Alternate Signatory
Primary Contact:
Dan Kyte: dan.kyte@givewise.ca | 604.615.2141
Administrative Support:
Cristie Moews: cristie.moews@givewise.ca
Address:
3251 Boxwood Court, Abbotsford, BC, V3G 0A6
Flexible Guidelines:
Advisors collaborate with GiveWise to establish investment strategies for donor sub-accounts.
Balances over $25,000 can be managed directly by the financial advisor within the broker’s platform.
Transaction Approvals:
Money movements, rebalancing, and liquidations require email approval from GiveWise.
Primary approvals are handled by Dan Kyte. If unavailable, approvals move to Tammy Kyte, and lastly to Mark Brandsma.
Regular Updates:
Financial advisors report performance to donors using third-party permissions granted by GiveWise.
Transparency:
Donors can view updated balances and activity in their GiveWise accounts.
Asset Retention:
Keep donated assets on-book while offering clients tax-efficient giving options.
Ease of Integration:
Accounts are structured to work within existing broker/dealer platforms.
Streamlined Processes:
Sub-accounts minimize administrative burdens while maintaining full compliance.
Tax Optimization:
Avoid capital gains tax by donating appreciated securities.
Receive immediate tax receipts for all contributions.
Customized Giving:
Invest Giving Fund balances to grow charitable impact over time.
Grant funds to Registered Canadian Charities at any time.
Open a master-level corporate account for GiveWise Foundation Canada.
Provide necessary onboarding documentation for GiveWise to fill out and establish the signatories.
Establish protocol for creating and naming sub-accounts for advisors and their donor clients.
For questions or assistance, contact:
Dan Kyte, Director of Finance and Investments: dan.kyte@givewise.ca | 604.615.2141
Visit www.givewise.ca for more information.
The Financial Advisors Toolkit is designed to empower advisors with the tools, resources, and guidance needed to help clients achieve their charitable giving goals. From tax-efficient donation strategies to investment management guidelines, this toolkit provides everything you need to integrate GiveWise into your wealth management services seamlessly. With GiveWise, financial advisors retain assets under management and continue earning market fees, while empowering clients to grow their charitable impact through a Donor-Advised Fund.
Why Use This Toolkit?
Simplify client charitable giving.
Retain assets under management while earning market fees.
Offer tailored solutions aligned with client values.
1. Investment Policy Statement (IPS)
The Investment Policy Statement (IPS) outlines the philosophy and guidelines for managing GiveWise’s investment assets. Highlights include:
Donor-Advised Funds (DAFs):
Clients contribute assets, receive immediate tax receipts, and recommend grants over time.
Balances over $25,000 can be managed by the advisor’s investment platform.
Investment Oversight:
Governed by the GiveWise Investment Committee under the Prudent Investor Standard.
You as the Advisor get to collaborate with your client to establish tailored investment strategies for the charitable assets.
Permitted Investments:
Publicly traded stocks, bonds, ETFs, mutual funds, and REITs.
Cash and cash equivalents for liquidity needs.
Restricted Investments:
Illiquid securities, private equity, and speculative derivatives (unless preapproved).
2. Gift of Publicly Traded Securities Instructions
Donating publicly traded securities is a tax-efficient way for clients to give. The process includes:
Completing the Donations of Securities to a Charitable Organization form through the client’s broker.
Using the following brokerage details:
Recipient: GiveWise Foundation Canada
Brokerage: BMO Investorline
Account Number: 239-13214
CUID: NTDT | DTC: 5043 | Euroclear: 90098
Giving Fund Username and Number.
Instructions for investment into a Separately Managed Account (if applicable).
Open a Giving Fund:
Clients set up a Giving Fund in minutes with an initial donation of cash, securities, or other assets.
Investment Management:
Manage Giving Fund balances over $25,000 on your platform.
Collaborate with clients to determine an investment strategy that aligns with their charitable and financial goals.
Granting Funds:
Approvals for grants, rebalancing, and liquidations are handled via email with GiveWise.
Leverage strategies like bunching to maximize tax benefits for clients with high-income years. Benefits include:
Avoiding capital gains tax on appreciated securities.
Receiving immediate tax receipts for donations.
Granting funds to charities over multiple years while taking advantage of one-time tax deductions.
How are investments approved? All investments, rebalancing, and liquidations require GiveWise approval to ensure compliance with charitable guidelines.
What is the minimum balance for separately managed accounts? Accounts must maintain a minimum balance of $25,000 to qualify for separate portfolio management.
Can clients access their Giving Fund balances? Yes, clients can view updated balances and activity through their GiveWise accounts.
For additional support or to request resources, contact:
GiveWise empowers financial advisors to integrate charitable giving into their clients' wealth management strategies seamlessly. By partnering with GiveWise, advisors can:
Help clients optimize their tax strategies through effective charitable giving.
Offer a Donor-Advised Fund (DAF) solution that provides flexibility and control.
Retain assets under management (AUM) while earning fees.
Strengthen client relationships by offering tailored giving solutions that align with their values.
With GiveWise, financial advisors retain assets under management and continue earning at-market fees while empowering clients to grow their charitable impact through a Donor-Advised Fund.
1. Tax Optimization
Clients can donate appreciated securities directly to avoid capital gains tax while maximizing the charitable impact.
Leverage strategies like structured flow-through share donations to maximize deductions in high-income years.
2. Retain Investment Control
Accounts with balances over $25K are eligible for investment growth under your management.
Clients benefit from familiar investment strategies while growing their charitable funds.
3. Streamlined Giving
Centralized platform for all charitable activities, including a single tax receipt and detailed giving history.
Clients can make grants to any registered Canadian charity anytime, from any device.
1. Opening a Giving Fund
Clients can open a GiveWise Giving Fund in just 5 minutes.
Assets such as cash, appreciated securities, or other assets can be donated.
Clients receive an immediate tax receipt.
2. Flexible Investment Management
Advisors manage the donated assets within GiveWise’s flexible investment policy.
Clients’ Giving Funds grow, increasing their charitable impact over time.
3. Granting Funds
Clients use the GiveWise platform to grant funds to any registered Canadian charity.
Grants are processed efficiently, with investment liquidations requiring a simple liquidation approval.
Donor-Advised Funds (DAFs) offer an innovative solution for clients looking to:
Separate tax decisions from the timing of charitable giving.
Donate appreciated assets to maximize tax advantages while supporting charitable causes.
Continue investing assets to grow their charitable impact over time.
Example:
If sold and then donated, they'd pay capital gains tax on $700. Instead, by donating the shares directly to a DAF:
They avoid the capital gains tax.
Receive a tax receipt for $800.
$800 is available for granting to charities, maximizing both tax benefits and charitable impact.
To explore how GiveWise can enhance your advisory services, contact us at dan.kyte@givewise.ca or visit our website at www.givewise.ca. Together, let’s empower your clients to grow, protect, and share their wealth while making a meaningful impact.
For detailed guidelines, .
Emailing the completed form to , including:
Steps for Advisors ()
What types of assets can be donated? Cash, publicly traded securities, mutual funds, ETFs, and more. For complex assets, contact for approval.
Dan Kyte, Director of Finance and Investments:
General Inquiries: | 604-302-1760