CWCF Professional Advisors Event 4 June 2014

Helping Others GiveCWCF Advisor Seminar

4 June 2014

www.cwcfoundation.ca

Today’s Objectives

› To help your clients access philanthropic

giving

› To increase your client’s understanding of our

Community Foundation and the services we

can provide

› To strengthen our relationships with advisors

serving our community


Today’s Agenda

› Introductions John Morris

› Philanthropy Background: Randall Howard

– Role of Community Foundations

– What is CWCF

› Donor Scenarios Jean Prichard

› Open discussion All

› Wine and networking


Growth in Personal Wealth

Sources: Investor Economics, StatsCan

Affluent households

1995 2012

910

billion

9.4

trillion

Net worth of $500K+, not including primary residence

Growth in personal wealth (High Net Worth)

$1.7 trillion to $3.4 trillion

Transfer of wealth:

Growth in giving

i n v e s t i n g i n c o m m u n i t y

WHAT

is a community foundation?

people connected by geography…

and to each other

communitycommunity

foundationfoundationa platform for growth

a platform for building community

foundationfoundationcommunitycommunity

We are a tax-exempt public charity created by and forthe people of Centre Wellington.

Our mission is tostrengthen our community by helping donors achieve their giving goals and by

helping non-profits find resources to support their important work.

Endowment building &Personalized service

Endowment building &Personalized service

feature

one› Identify charitable giving options

› Customize giving approaches to match personal interests and tax planning needs

› Facilitate complex forms of giving

› Share knowledge on community priorities

› Offer grantmaking expertise and administrative services

› Offer involvement in recommending uses of a gift

› Help people create personal legacies via named funds

› Provide the option to give anonymously

Creating solutions that fit every situation

local grantmaking expertise

Local grantmaking expertisefeature

two

Making a difference where it is needed most

Arts & culture

Children & youth

Education

Environment

Health

Social services

Sports & recreation

Seniors› Gather information and track

local agencies and programs› Direct grants and resources to appropriate areas

› Local organization with local staff andboard members

› Knowledge of community issues, opportunities,and resources

› Monitor all community needs…

community leadership

› Act as a community catalyst

› Build endowments to ensure grants are always available to support the community

› Support high impact opportunities

› Are governed by leaders with strong ties to our community

› Foster development of new organizationsand programs

› Re-direct funds as community needs change

Community leadershipfeature

three

Our business is building community

eet rhLocal grantmaking expertiseLocal grantmaking expertise

Endowment building & Personalized serviceEndowment building & Personalized service

Community leadershipCommunity leadership

1921 First Canadian community foundation established in Winnipeg, Manitoba

today More than 191 community foundations across Canada

› Serving citizens across the country

› More than $3.5 billion in assets

› More than $176 million in local grants each year

› And growing!

2009 [Centre Wellington Community Foundation established by Harry Panjer from discussions in Cultural Affairs Committee

foundation

factsA Brief History of a Movement

Our Numbers: FundsAsset base about $250,000 in seven funds:

– Community Fund (greatest needs)

– Cedarcliff Fund (arts & culture)

– Elma & David Jack Youth Recreation Fund

– Elora Green Space Fund

– Kath Hammond Literacy Fund

– Middlebrook Social Innovation Fund

– Community Leadership Fund (CWCF sustainability)


Our Numbers: Granting


0

5000

10000

15000

20000

25000

30000

2010 2011 2012 2013

CWCF Granting ($)

› 2013 grants: $25 965

› Cumulative: $60 000

› 40 diverse grants

Involved Community Leaders• Board: Randall Howard (Chair), Nancy Wood (Secretary), Jean

Prichard (Treasurer), Michael Chapman, Toni Ellis, Brent Hallman, John Kissick, John Morris, Alan Riddell, Bronwynne Wilton

• Advisors: Doug Jack, Cindy Lindsay

• Asset Development: John Morris

• Communications: Brent Hallman, Curt Hammond, Lauren Hallman, Sam Clouthier

• Granting: Bronwynne Wilton, John Morris

• Vital Signs: Toni Ellis, Jason Thompson, Carolyn Skimson, Lauren Hallman



Donor ScenariosJean Prichard

Charitable Instruments

› Outright GiftsGive cash, stocks, real estate or other assets

› Appreciated SecuritiesEliminate capital gains tax by giving to a community foundation

› BequestsDesignate a portion of an estate


Charitable Instruments

› Life InsuranceDesignate a community foundation to receive a portion or all proceeds from policy

› Charitable Remainder TrustTrust pays beneficiary for life and then assets transfer to community foundation


Benefits During Earnings Phase

› Bonus or retiring allowance

› Large gain in stock portfolio

› Other taxable windfalls

› Monthly split giving

= tax savings and money flowing to community


Benefits During Retirement Phase

› RRIF withdrawals

› Large capital gains on sale of property e.g. cottage

= tax savings and money flowing to community


We Are Here For You

› 1 888 713 4083

› [email protected]

› PO Box 436, Fergus ON N1M 3E2

“We make a living by what we get. We make a life by

what we give” Winston Churchillwww.cwcfoundation.ca

mailto:[email protected]

CWCF Professional Advisors Event 4 June 2014

Self Improvement

Transcript of CWCF Professional Advisors Event 4 June 2014