To many investors, success means having the ability to make a difference and leave a lasting legacy. The Mackenzie Charitable Giving Program enables investors to make regular giving a part of their overall financial plan. A simple and convenient solution, the Program combines immediate tax benefits with the ability to support your favourite charities now and into the future.
The Benefits of the Mackenzie Charitable Giving Program
Clients will receive an immediate tax receipt for their donation. Unused credits may be carried forward for up to 5 years. No capital gains taxes are realized on gifts of long-term appreciated publicly-listed stocks, bonds and mutual funds.
Low Cost Alternative
Compared with the expense of setting up and maintaining a private foundation, the Mackenzie Charitable Giving Program is an inexpensive way to manage a sizeable gift.
Clients may recommend grants to any number of charities or other institutions each year, with minimum grants of $500.
The Mackenzie Charitable Giving Program simplifies the charitable giving experience by handling administrative tasks (i.e. issuing cheques, record-keeping, grant reporting and tax receipts) for each account.