GiveWise Foundation Canada: Guide to GiveWise
  • Welcome to GiveWise!
  • Donor-Advised Funds (DAFs) Explained
  • Understanding Your Giving Funds
  • About GiveWise
    • Legal & Disclosures
  • How We Sustain GiveWise
  • Gift Processing Powered by GiveWise
  • Our Fee Schedule
  • FAQ's
  • Policy and User Documents
    • Bylaws
    • Conflict of Interest Policy & Disclosure
    • Donor Advised Fund (DAF) Program Guidelines
    • Gift Acceptance and Valuation Policy
    • Internal Controls & Financial Accountability Policy
    • Investment Policy Statement
    • Privacy Policy
    • Terms and Conditions
    • Succession Instructions
  • For Donors: Getting Started with GiveWise
    • Creating an Account
    • Understanding your Giving Fund
    • Making a Contribution
      • Contribution Payment Methods
        • THE BASICS: Credit Card, Cheque, e-Transfer
        • Bank Transfers
        • Securities & Mutual Funds
          • Gift of Publicly Traded Securities: Letter of Direction
        • Cryptocurrency
        • Flow-Through Mining Shares
        • Estate Gifts
        • Life Insurance
        • Preferred Shares of a Private Corp.
    • Gifting to Charities
    • Share Funds with Others
    • Accessing Your Tax Receipts
    • Investment Accounts
    • Succession Instructions
  • For Financial Professionals
    • For Accountants: Getting Started
      • Case Study- Philanthropic Tax Strategy for Business Sale
    • For Estate Planners: Getting Started
      • How GiveWise Simplifies Estate Planning
      • Bequest Instructions
      • Gift of a Life Insurance Policy to Charity
    • For Financial Advisors: Getting Started
      • Setting up your Account
      • Advisors Toolkit
      • How GiveWise Works with Brokers/Dealers
      • Earn a CE Credit
      • Financial Advisors: Helpful Information for Onboarding GiveWise Foundation as a Client
  • For Charities
    • Charities: Introduction
    • Charities: Getting Started
    • Setting Up A Charity Portal User
    • Navigating the Charity Portal
    • Receiving Gifts as a Charity
    • Sample Gift Details Letter
    • Partnership
    • What is GiveGenius?
      • How to Get Started
        • Welcome Aboard GiveGenius
      • Donation Processing
      • The Technical Details
      • Fees & Privacy
      • Difference Between GiveWise and GiveGenius
      • FAQ's
      • Resources: GiveGenius
        • Adding "GiveWise" to Your Donation Page
        • GiveGenius Quick Start Checklist
  • Charity Terms and Conditions
  • For Fundraisers: Getting Started with GenerosityWorks
    • GenerosityWorks: Generosity Funds for Personal & Business
      • How to Start a GenerosityWorks Fund
    • Donating to a GenerosityWorks Fund through GiveWise
    • Other Donation Methods
    • GenerosityWorks Generosity Funds for Non-Qualified Donees (NQDs)
      • Application Process
  • FAQ's
  • Giving Instructions For Your Supporters
  • Board of Directors
    • Introduction
    • Interested in GiveWise Board
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On this page
  • What is a Donor-Advised Fund (DAF)?
  • How does a DAF work?
  • Why choose a DAF?
  • Why choose GiveWise as your DAF?
  • How GiveWise supports you.
  • Ready to Make Giving Simple?
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Donor-Advised Funds (DAFs) Explained

Make a Real Impact - GiveWise Foundation Canada offers simple, flexible, and tax-smart solutions to elevate your giving.

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Last updated 1 month ago

Create your free GiveWise Giving Fund today: .

What is a Donor-Advised Fund (DAF)?

A Donor-Advised Fund (DAF) is a charitable giving account, designed to make your giving easier and more impactful. With a DAF, you can:

  • Contribute assets like cash or securities to your fund.

  • Receive an immediate tax receipt for your contribution.

  • Gift your funds directly from your account to your favourite charities.

How does a DAF work?

  • Contribute: Make a donation to your Donor-Advised Fund (DAF). This irrevocable charitable contribution ensures that once the funds are added to your giving account, they must be gifted to a charity now or in the future.

  • Immediate Tax-Receipt: Once you have contributed to your fund, you receive an instant tax-receipt.

  • Grow: Invest your funds to let them grow tax-free, enabling you to give more while maximizing your tax savings

  • Give: Donate to any registered Canadian charity anytime, with the option to set up recurring contributions.

Why choose a DAF?

  • Flexibility: Give on your schedule—contribute now and support causes later.

  • Simplicity: Keep all your charitable giving in one place, with only one tax-receipt.

  • Impact: Investment growth means more funds to give and more tax savings.

Why choose GiveWise as your DAF?

At GiveWise, we believe everyone should have access to a smarter way to give. Here’s why we’re different:

  • No Minimum Contributions: Start your Giving Fund with any amount.

  • No Fees for Small Funds: Funds with balances under $25,000 are free of Giving Fund Fees.

  • Flexible Investments: For funds with balances over $25,000, you can bring your own Financial Advisor or choose from our options.

  • Canadian Focus: GiveWise is a registered Canadian charity (registered charity number 701032526RR0001), designed for Canadian donors.

How GiveWise supports you.

  • Streamlined Giving: Enjoy a centralized platform for all your donations.

  • Tax Benefits: Get a receipt for your contributions right away.

  • Trusted Expertise: Our team ensures all gift recommendations comply with CRA regulations.

Ready to Make Giving Simple?

Visit Us at GiveWise.ca

Giving should be easy, meaningful, and accessible to everyone. With GiveWise, it is.

Open your today and experience the simplest way to manage your charitable donations.

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