Benefaction

About Benefaction

Benefaction Foundation is a public foundation that enables individuals and families to make a positive impact through planned giving. Our mission is to encourage philanthropy by helping Canadians maximize charitable giving while minimizing tax burdens. We will help you and your advisor by making it easy to add charitable giving to your overall wealth management and estate plan.

Our vehicle for charitable giving is Donor Advised Funds (DAFs), which allow individuals, families, or corporations to establish their own Fund without all the expense and hassle of creating a private foundation. Our Donors can choose a name for their Fund and use it as a way of engaging family members in creating social good through the charitable grants issued from the Fund. Our DAFs are structured without limits on granting and we are cause neutral meaning donors can support whichever registered charities or other qualified donees are important to them. This also allows donors to support multiple causes simultaneously.

Another important advantage of DAFs is flexibility. Our donors can give to different organizations over time as they learn of new charities to support or as world events transpire causing them to want to give differently. This flexibility extends to legacy giving as well. The Fund can be named as a beneficiary in your Will and the recipients of grants from the Fund can be updated at any time without needing to update your Will. Most donors choose to establish the Fund in their lifetime so they can experience the joy of giving, and then they augment the Fund via a charitable bequest in their Will to create a legacy of support for the causes and organizations they cherish.

Ultimately, Benefaction Foundation is here to help individuals across Canada achieve personalized and lasting social impact.

Our Impact

“Our DAF at Benefaction Foundation has allowed us to support the organizations we hold most dear, without the administrative burden and complexity of doing it ourselves. Our fund also positions us to provide a managed legacy of giving after we are gone” – Alan & Lynn, Ontario.

Thanks to the generosity of our donors like Alan and Lynn, close to 3,000 grants representing $22.7 million were issued by Benefaction in 2020. These grants were distributed amongst 1,500+ registered Canadian charities, each with diverse charitable purposes.

Additionally, Benefaction believes in the importance of philanthropy not just for our donors. Since 2017 Benefaction has allocated an annual amount for grants to be made at the discretion of our Board. Any administration fees earned in excess of our expenses are allocated between our Directors Fund (grants made at the discretion of each individual Board member) and our Philanthropy Fund (grants directed to organizations that have a mandate to support philanthropy and/or charitable gift planning through education, advocacy, and/or community building).

How your gift will be used

At Benefaction Foundation, your gift can be used in whatever way works best for you! This flexibility is our most important feature. Our donors can grant as much as they desire to any CRA registered charities or other qualified donees in any time frame they wish. This flexibility is especially apparent for gifts from Wills because we allow donors to make changes to their instructions (beneficiaries, amounts, etc.) at any time by simply sending us an email.

“Benefaction has been incorporated into my will and my personal DAF is the largest contingent beneficiary of my estate under certain circumstances” – Karl, Ontario.

Although Benefaction is cause neutral to allow our donors to support the charities that interest them most, we can offer research for those who may want help finding organization(s) most suited to your charitable objectives. Our goal is to help you get the most out of your legacy giving, with flexibility and support!

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Charity details

Legal Name

Benefaction Foundation

Charity Number

80421 3759 RR0001

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Disclaimer: The figures provided in the calculator above are only general estimates based on the information provided by you. These figures, and the amount available for charitable giving through a Will, will differ according to each individual person’s financial situation and other factors. Will Power, CAGP and the CAGP Foundation make no guarantees or assurances as to the accuracy of these estimates or their appropriateness in particular circumstances. This information is not intended as a substitute for financial or estate planning advice given by a professional advisor, and users should consult a professional financial advisor for advice pertaining to their particular circumstances.

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