Owner of Hummel Law PC, counsel at Donovan Kochman LLP, Vice President of My Charity Fund
Did you know that Donor Advised Funds (DAFs) are one of the most underutilized tools in Canada's financial landscape? Surprisingly, many financial advisors are still unaware of their potential. Let's change that! What are DAFs? They're a fantastic way to strategically manage your assets while making a difference. By setting up a DAF, you can contribute funds, receive an immediate tax deduction, and then recommend grants to your favorite charities over time. Why are they beneficial for asset management? DAFs offer flexibility, tax advantages, and simplified giving processes. Plus, they allow you to maintain control over your charitable contributions while potentially growing your assets over time. **Financial advisors**: it's time to add DAFs to your toolkit! They provide unique opportunities for your clients to align their financial goals with their philanthropic values. Let's empower our clients to make a meaningful impact while optimizing their financial strategies. If you have any questions, or if you'd like to set up a presentation about My Charity Fund (www.mycharityfund.ca) and what we can offer you and your clients in terms of quickly setting up a DAF, let me know ASAP!! #DonorAdvisedFunds #AssetManagement #Philanthropy #FinancialPlanning #CanadaFinance
