Establishing a charitable gift fund provides many of the same advantages as a private foundation—without the upfront costs, complexities and ongoing administration responsibilities. Learn how the RBC CGP can help make charitable giving easier for you and your family.
The RBC CGP is an efficient way to give to charity during your lifetime, from your estate, or both. Whether you want to help advance research, boost educational efforts, sustain environmental initiatives, support the arts or assist others, the RBC CGP combines immediate tax benefits¹ with the flexibility to support your favourite registered Canadian charities² over time and across generations.
“The RBC Charitable Gift Program is designed to make it easy to support charitable causes that are important to you, while complementing your overall wealth plan and providing potential tax benefits.”
The RBC CGP is designed for thoughtful, long-term gifts to charity without the time and costs associated with establishing a private foundation. The program is administered by Charitable Gift Funds Canada Foundation, an independent, non-profit registered charity registered as a public foundation with the Canada Revenue Agency.
Through the RBC CGP, you can make initial and ongoing donations to an individual charitable gift fund, which you can name. All administration is done by the program partner, Charitable Gift Funds Canada Foundation. The funds in your charitable gift fund remain invested with your trusted RBC advisor.
Establish your charitable gift fund as the founding donor.
Your donation is held and invested³ within your charitable gift fund.
Submit your grant requests for your chosen registered Canadian charities or qualified donees.
Your charitable legacy will continue.
Without a named fund successor, the foundation will continue to administer your charitable gift fund and award grants according to your legacy intentions.
Talk with an RBC Wealth Management advisor about how the RBC Charitable Gift Program can help enhance your philanthropy.