# Investment Accounts *** **1. Investment of Giving Fund:** Giving Funds that maintain a balance of more than $25,000 can be invested for tax free growth. A Donor may choose to involve their Financial Advisor, and GiveWise will work with the Financial Advisor to establish the Investment Account. If no Financial Advisor is involved and funds are invested by GiveWise on behalf of the donor, Administration Recovery of 1% per annum will be assessed to the Giving Fund. Investments should be made with consideration for time horizon for gifting to charities that the Donor has in mind. Please note the timeframe for moving funds between an Investment Account and a Giving Wallet may vary. Donors need to allow enough time to have funds converted to their Giving Wallet when planning a Gift Recommendation. For further information on investments, please refer to the Investment Policy Statement of GiveWise Foundation. **2. Investment Expenses and Returns:** All investment-related expenses are assessed from the Investment Account assets, including mutual fund expenses, custodial charges, and trading costs. Invested balances are expressed in dollars and are updated quarterly, reflected as a Net Asset Value (NAV). All increases in the value of the Investment Account are kept in the Donor’s Giving Fund, available for the Donor to gift to charity. These gains are not considered net new donations, and therefore are not tax-receipted. Conversely, any losses incurred in the Investment Account will be reflected in the Donor’s Giving Fund balance and will have no effect on the Donor’s tax receipt. #### 3. How GiveWise Foundation Canada Works with You and Your Financial Advisor GiveWise becomes a client of your FA, and establishes an investment account with the FA. An investment account is opened on behalf of you, the donor, and you have advisory privileges over the investment account. The funds are custodied with the FA's normal preferred custodian/dealer, and the FA and custodian earn their normal at-market fees on the established portfolio. Donors are encouraged to communicate with their FA regarding their timelines and intent for gifting out funds to their charities, so the FA and GiveWise can work to liquidate assets and have funds available to gift out according to the Donor's desired timeline. Funds available to gift out immediately are held in what GiveWise calls the Donor's "Giving Wallet". #### Need Assistance? Dan Kyte, GiveWise Director of Finance and Investments, would welcome any questions or comments: * **Email:** We look forward to supporting you in your generosity journey! *** **Unlock all the benefits of GiveWise—visit** [**GiveWise.ca**](https://givewise.ca/) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://guide.givewise.ca/for-donors-getting-started-with-givewise/investment-accounts.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.