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Build a Legacy - Donor Advised Funds
SickKids Charitable Giving Fund Program Guidelines
Investment:
Investments managed by SickKids Foundation's fund managers
Annual Disbursement:
Disbursement rate is set by SickKids Charitable Giving Fund
(the current rate is 4.5 per cent of the fund's market value)
Minimum disbursement to SickKids Foundation:
First $100,000: 50 per cent of disbursable amount
Next $900,000: 20 per cent of disbursable amount
Additional balance: 10 per cent of disbursable amount
Administration Fee*: 1 per cent
*Subject to Change
Robert and Naomi's Story:
Recently, Robert and Naomi Shapero wanted to give back to the community, but they wanted to do something more permanent than making annual donations to various charities.
"We were looking for a way to support our favourite charities more strategically and also wanted to find a way to introduce our children to philanthropy and instill the importance of giving back," says Robert.
By establishing the Robert and Naomi Shapero Family Donor Advised Fund, the family can make decisions together about what charities they would like to support without the associated costs and cumbersome administrative requirements of a private family foundation.
While Robert and Naomi's four children are still quite young, they hope to include them in future granting decisions.
Robert sees additional value in the permanence of a donor advised fund: "It is fulfilling to know that our children and grandchildren will be able to carry on this legacy of giving long after we are gone."
For more information about donor advised funds and maximizing tax advantages through a fund, please contact:
The Office of Gift & Estate Planning
phone: 416.813.8271
e-mail: gift.planning@sickkidsfoundation.com
Or complete our online request form.