Charitable Giving Comparison
Whether you are an individual, business, foundation or Trust, using a Charity Fund has numerous advantages, while keeping it simple.
While there is more than one way to give to Canadian charities, we believe that a “Charity Fund” is the perfect mixture of direct giving and foundations, enabling long term giving and planning without the high costs and administrative effort required for a private foundation or trust.
| Direct to Charity | |||
|---|---|---|---|
| The benefits of My Charity Fund: | Personal / Business | Foundation / Trust | My Charity Fund |
| Give generously to any charity | ✓ | ✓ | ✓ |
| Maintain control of your charitable contributions | ✓ | ✓ | ✓ |
| Quick and easy donations | ✓ | ||
| Easily access all your donation history | ✓ | ||
| Access all your tax receipts / acknowledgements in one place. | ✓ | ✓ | |
| Option to receive instant tax receipts / acknowledgements or one receipt annually. | ✓ | ||
| Donate anonymously | ✓ | ||
| Long term giving & planning | ✓ | ✓ | |
| No set up costs | ✓ | ✓ | |
| Minimal administration and overhead costs | ✓ | ||
| Streamline bookkeeping | ✓ | ||
| Reduce tax filings and audits | ✓ | ||
| No need to complete long credit card forms or write multiple cheques. | ✓ | ||
| No Cheque recordkeeping | ✓ | ||
| Minimize sharing financial information online and avoid identity theft | ✓ | ||
| Avoid forged cheques | ✓ | ||
