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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  • About GiveWise 🌟
  • Giving Funds 💸
  • Gifts To Charities 🎁
  • Investments 📈
  • Additional Information 📞
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FAQ's

About GiveWise 🌟

What is GiveWise Foundation Canada?

GiveWise Foundation Canada is a registered charity with Canada Revenue Agency (registered Charity number: 701032526RR0001). GiveWise acts as a charitable gift-making foundation and establishes Donor-Advised Funds (DAFs) known as Giving Funds.

How does GiveWise fund its operations?

GiveWise charges Giving Fund fees on funds with balances over $25,000 and relies on donors to allocate a small percentage of their Giving Fund to support operations. If donors contribute an average of 3% of their contributions, this helps cover operational expenses. You can support GiveWise directly through the Search Charities page.


Giving Funds 💸

What is a Giving Fund and how does it work?

A Giving Fund is a simple, tax-efficient vehicle for all your charitable giving. It consolidates donations in one place, provides a single tax receipt, and enables grants to any Canadian Registered Charity.

What can I contribute to my Giving Fund?

Contributions can be made using:

  • Credit cards

  • eTransfer

  • Cheques

  • DAF transfers

  • Stocks/securities

How do I contribute securities to my Giving Fund?

Is there a fee for making a contribution?

  • No fees for cheque or Interac eTransfer.

  • Credit card contributions: 2.2% fee + $0.30 per transaction.

  • Fees for complex contributions may apply and will be communicated in advance.

Can I withdraw money from my Giving Fund once I have contributed?

No. Contributions to a Giving Fund are irrevocable donations and become the property of GiveWise Foundation Canada. Funds can only be gifted to canadian Registered charities.

Is there a minimum contribution amount?

No, there is no minimum required to open or maintain a Giving Fund.

Where can I find my tax receipt?

  • Log in to your Giving Fund

  • Go to the Tax Reciepts tab on the navigation bar

  • Click to download tax receipts by year.


Gifts To Charities 🎁

What is a gift?

A gift is the term used when funds are allocates to a registered Canadian charity by a Giving Fund holder from their Giving Fund.

How does GiveWise approve a gift?

Gifts are reviewed to:

  • Confirm the registered Canadian charity is in good standing with the CRA.

  • Ensure the gift will be used solely for charitable purposes without providing more than an incidental personal benefit to the donor or related parties.

Can I cancel a gift if I made an error?

Why is my gift in Pending state?

  • The gift has not been reviewed and approved yet. This can take one business day to complete.

Which organizations can I send gifts to?

Gifts can be sent to any registered Canadian charity in good standing with the CRA. To find charities, use the CRA database search tool on the GiveWise under the Give tab of the navigation bar.

Can I give anonymously?

Yes. Select "I wish to remain anonymous" when making a gift and GiveWise will not share your name or contact information with the charity.

Can I specifically designate my funds to a person or project within a charity?

Yes, use the "Purpose of Grant" option to designate funds. For example, you can specify a child sponsorship by entering the child’s name and ID number in the note field.

Is there a minimum gift amount?

GiveWise encourages a minimum gift amount of $20.

How quickly will a charity receive the funds gifted to them?

Gifts are processed weekly. Charities with Direct Deposit information receive funds within 2–9 business days. Charities that have no set up direct deposit yet may take longer.


Investments 📈

How do I invest contributions in my Giving Fund?

How do I change my investment allocations?

How do I transfer funds to my Giving Wallet balance?

How will investment gains and losses affect my fund?

Investment gains and losses impact the total fund balance but have no effect on tax-deductible contributions.

Do I have to report taxes on my fund's investments?

No. Because the contributions are owned by GiveWise Foundation Canada, gains and losses do not impact your taxes.

Do I have other investment options?


Additional Information 📞

For any questions or support, please contact:

  • Phone: 604.302.1760


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Last updated 2 months ago

Email with details about the securities you wish to contribute. Instructions will be provided for completing the contribution.

Any gifts in Pending state can be cancelled from within the GiveWise platform. In order to cancel a gift that is in "Approved" state, please contact and we will make our best effort to cancel but we cannot guarantee this is possible.

Funds over $25,000 can be invested for tax-free growth. Contact for more information.

Contact to edit your allocations.

To liquidate investments for granting, contact .

Contact to learn about all available investment options.

Email:

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