Charitable foundations are structures for long term, flexible
and customized philanthropy. Both private and public foundations
enable donors to make long term gifts and have various benefits,
including, creating a lasting legacy, involving family members in
the giving process, and charitable tax credits. These structures
may be attractive for donors who are interested in creating gifts
that will have a lasting impact on charitable causes which are
important to a donor and his or her family.
When deciding which option to take, it's important to
understand the difference between public and private
foundations.
A donor-advised fund (commonly referred to as a
“DAF”) is a fund established with a public foundation.
A public foundation is comprised of DAFs from multiple donors, and
a donor can contribute to an existing DAF or establish his or her
own. There are various community foundations in Ontario and as well
it is possible to set up a fund at many financial
