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 | |||
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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 | ✓ |