CWCF Professional Advisors Event 4 June 2014
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際際滷s from an event by Centre Wellington Community Foundation for local Professional Advisors to assist their clients. The event was held on 4 June, 2014 at Elora Centre for the Arts.
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CWCF Professional Advisors Event 4 June 2014
- 1. Helping Others Give CWCF Advisor Seminar 4 June 2014 www.cwcfoundation.ca
- 2. Todays Objectives To help your clients access philanthropic giving To increase your clients understanding of our Community Foundation and the services we can provide To strengthen our relationships with advisors serving our community www.cwcfoundation.ca
- 3. Todays 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 www.cwcfoundation.ca
- 4. 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
- 5. Growth in personal wealth (High Net Worth) $1.7 trillion to $3.4 trillion Transfer of wealth:
- 6. Growth in giving i n v e s t i n g i n c o m m u n i t y
- 7. WHAT is a community foundation?
- 8. people connected by geography and to each other communitycommunity
- 9. foundationfoundation a platform for growth
- 10. a platform for building community foundationfoundationcommunitycommunity
- 11. We are a tax-exempt public charity created by and for the people of Centre Wellington. Our mission is to strengthen our community by helping donors achieve their giving goals and by helping non-profits find resources to support their important work.
- 12. Endowment building & Personalized service
- 13. 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
- 15. 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 and board members Knowledge of community issues, opportunities, and resources Monitor all community needs
- 17. 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 organizations and programs Re-direct funds as community needs change Community leadershipfeature three Our business is building community
- 18. Local grantmaking expertiseLocal grantmaking expertise Endowment building & Personalized serviceEndowment building & Personalized service Community leadershipCommunity leadership
- 19. 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 facts A Brief History of a Movement
- 20. Our Numbers: Funds Asset base about $250,000 in seven funds: Community Fund (greatest needs) Cedarcliff Fund (arts & culture) Elma & David Jack Youth Recreation Fund Elora Green Space Fund Kath Hammond Literacy Fund Middlebrook Social Innovation Fund Community Leadership Fund (CWCF sustainability) www.cwcfoundation.ca
- 21. Our Numbers: Granting www.cwcfoundation.ca 0 5000 10000 15000 20000 25000 30000 2010 2011 2012 2013 CWCF Granting ($) 2013 grants: $25 965 Cumulative: $60 000 40 diverse grants
- 22. 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 www.cwcfoundation.ca
- 24. Charitable Instruments Outright Gifts Give cash, stocks, real estate or other assets Appreciated Securities Eliminate capital gains tax by giving to a community foundation Bequests Designate a portion of an estate www.cwcfoundation.ca
- 25. Charitable Instruments Life Insurance Designate a community foundation to receive a portion or all proceeds from policy Charitable Remainder Trust Trust pays beneficiary for life and then assets transfer to community foundation www.cwcfoundation.ca
- 26. 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 www.cwcfoundation.ca
- 27. Benefits During Retirement Phase RRIF withdrawals Large capital gains on sale of property e.g. cottage = tax savings and money flowing to community www.cwcfoundation.ca
- 28. We Are Here For You 1 888 713 4083 info@cwcfoundation.ca PO Box 436, Fergus ON N1M 3E2 We make a living by what we get. We make a life by what we give Winston Churchill www.cwcfoundation.ca