Donor-Advised Funds
A donor-advised fund (DAF) is a simple, flexible, and tax-efficient way to support the causes you care about. Make a charitable contribution, receive an immediate tax receipt, and recommend grants to Concordia Foundation or other charities whenever you’re ready.
When you contribute cash, publicly traded securities, or other eligible assets to your donor-advised fund, those assets are invested and can grow tax-free. You can then recommend grants to registered Canadian charities whenever it is most meaningful for you and your family.
Many individuals and families use donor-advised funds to create a lasting tradition of giving. Rather than making annual donations directly, they contribute to their fund when it best suits their financial planning and then thoughtfully support the charities they care about over many years.
How It Works
- Establish your fund. Open a donor-advised fund through a public foundation or charitable gift fund, and take the first step toward meaningful giving.
- Make your contribution. Donate cash, securities, or other eligible assets and receive a charitable tax receipt for the full eligible amount.
- Grow your charitable investment. Your contribution can be professionally invested, allowing it to grow tax-free while it remains in the fund.
- Recommend grants. At any time, you can recommend grants from your fund to registered charities, including Concordia Foundation.
- Create a lasting legacy. You may involve your family in charitable decisions and, if you wish, name successor advisors to continue your tradition of giving for future generations.
Supporting Concordia Foundation
If you have an existing donor-advised fund, recommending a grant to Concordia Foundation is simple. Contact your fund administrator and request that a grant be directed to Concordia Foundation. Your generosity will help advance exceptional healthcare, compassionate seniors’ care, innovative programs, and the highest quality of life for patients, residents, and families in our community.
A donor-advised fund offers the flexibility to support Concordia Foundation when the time is right for you, empowering your ability to create a thoughtful and enduring legacy of generosity that will make a difference for generations to come.
