GIFT PLANNING VEHICLES

Experienced

Donations for endowments deserve a higher level of consideration than they often get. These permanent funds need to be planned with exceptional foresight, attention to detail, financial acumen and knowledge of institutional investment policies. Gift planners and professional advisors must ensure that donors thoroughly understand the purpose and process before signing the bottom line. There are many ways donors can establish and contribute to endowments. We will discuss the different approaches to endowments as well as best practices for ensuring charity and donor are on the same page. Also, many charities are finding themselves in situations where the original terms of endowments are unclear and the charity is now unsure what to do. You will learn about appropriate dollar amounts, enduring purposes, as well as the value of reports for donors and what should be included in them. We will also discuss compliance with regulations, gift agreements with exit strategies, examples where terms of past endowments are unclear and possible solutions.

Nicole K. D'Aoust, LL.B. and Gwenyth Stadig LL.B., Miller Thomson LLP; Doug Puffer, Carleton University