For many of our clients, creating a legacy and giving back to those who need help is a key planning priority. Donating to our favourite charities is important and we offer our clients a more effective way to give.
The NWM Private Giving Foundation
In 2001, Nicola Wealth Management founded the NWM Private Giving Foundation (PGF).
This foundation is based on a structure known as a ‘donor advised account’ and not only allows clients to give tax efficiently using cash flowing investments, but also to give in perpetuity.
While this is now something other financial firms are starting to offer, it has been available to NWM clients for the better part of a decade.
Using a PGF account to make charitable donations has a number of advantages:
- NWM covers all set-up and ongoing administrative costs to ensure that all donations are as effective as possible.
- Contributions provide upfront tax savings of approximately 43.7%.
- Donations can be made in cash or, in some cases, in kind.
- Asset growth within the PGF account accumulates tax-free.
- Donations become possible even in leaner years.
- Account can be named as the beneficiary of your registered assets, eliminating any tax liability upon death.
- Opportunity exists to continue giving as part of your legacy.
Learn more details on PGF (http://nwm NULL.enginedigital NULL.net/wp-content/uploads/2010/10/3 NULL.5-Charitable-Giving_20080925-Philanthropy-Preceptorship-Fund_Email-Version NULL.pdf)
