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Starting a fund
By starting a fund at Toronto Foundation, you’re investing in community—alongside others who care deeply about this city. Reap the benefits of a donor advised fund and leverage our community know-how, research and networks. Let our team handle all the back-office work so you can focus on the causes you care about.
How does a fund work?
Think of your options like choosing between:
- A savings account, where you can accumulate greater interest to grant
- A chequing account, offering quick access to grant as much as you want, whenever you want
- And options in between
Your goals, timing, how hands-on you want to be and conversations with our team or your professional advisors, can help you make the best choice. Some fundholders even choose to have multiple funds to get the best of both worlds.
Ready to get started?
Our team can get your fund set up in less than a week, following these steps:
1. Connect with us. Tell us about your needs and we’ll walk you through the different options that can suit your goals. We can also collaborate with your trusted professional advisors to seamlessly integrate your philanthropic goals into your broader financial and estate plans.
2. We will put together your fund agreement.
3. You sign it and then it’s done!
Why should I establish a fund for my charitable giving?
Administering your charitable giving through a fund might be the right choice if you:
- Want to start a foundation but don't have the time to do the administrative setup and upkeep.
- Have experienced a liquidity event like selling a business or receiving an inheritance and want to give some of it to charity but you need more time to figure out your plan.
- Recently acquired some money and want to give some of it to charity, but at your own pace.
- Would like to engage your children, grandchildren, and family in your philanthropy.
- Are seeking advice and guidance on your charitable giving from experts.
- Want to establish a legacy that will live on, even after you're gone.
- Want to start a fund in memory of a loved one who has passed on.
- Have a significant life milestone coming up, like a wedding, retirement, or birthday and are asking for people to make donations towards a cause you care about in lieu of gifts.
- Want to learn with others about how to advance equality in the long-run.
Still deciding? Read more:
Why give through us? The benefits of a fund with Toronto Foundation
Let's talk
Connect with Aneil Gokhale – Director, Philanthropy at Toronto Foundation
416.921.2035 ext. 212