Why donor-advised funds are surging in popularity

Why donor-advised funds are surging in popularity
Brenda Bouw
Published April 29, 2021
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More charitably-minded Canadians are turning to donor-advised funds as a simplified, tax-efficient way to give, supported by financial advisors looking to help clients distribute their wealth to good causes.
Donor-advised funds have been around for decades in Canada, but data show the charitable-giving vehicles have gained significant traction in recent years.
A recent report from Toronto-based research firm Investor Economics says the value of donor-advised funds in Canada grew at a compound annual rate of 14.3 per cent between 2016 and 2018, to $5.7-billion from $4.4-billion. There was a 35-per-cent increase in the number of donor-advised funds set up at various foundations over the two-year period, the report shows, and a steady rise in donations to new and existing funds.

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