Benefits to you

Create a Legacy for Future Generations

You can personalize your legacy by naming your Fund (e.g., Jay Smith Foundation).
You can make donation to your Fund during your lifetime, and /or designate your Fund as a beneficiary in your Will to establish a long lasting legacy.

You can name your own successors or appoint BenefAction Foundation to carry on your family values and legacy in addition to the responsibilities of your Fund.

 

Maximized Tax Efficiency

You will receive immediate recognition for your generosity; a tax receipt will be issued at the time of the donation for the full market value of your contribution.
You can use the tax receipt immediately and do not have to wait until the funds are granted to the charities.

For gifts of appreciated securities, you can donate in kind and realize the full value as a charitable donation without paying tax on any capital gains.
Assets grow tax-free within your Fund, providing additional assets available to be donated to charities in future years.

 

Simple and Cost Effective

You can build your own charitable giving strategy without the cost of establishing a private foundation. All the administration, legal and accounting work is done on your behalf.

 

Doing a World of Good

You can focus your giving on causes that matter to you. You can recommend which charities will receive the grants each year; there is no maximum to the grant amount and no fixed grant payment dates.
You can also increase the impact with a personalized donation page; invite family, friends and colleagues to get involved in your cause by making a donation to your Fund, and track how much has been raised.