What is a Donor Advised Fund?
Our customized Dena Foundation accounts (also known as Donor Advised Funds, or DAFs) empowers businesses, not for profit organizations, philanthropists and their families, by helping them fund their preferred charities however and whenever they want with the help of their accountants, financial planners, and wealth advisors. A Dena Foundation account offers the similar funding choices and opportunities as a private foundation, but with lower administrative costs and far greater flexibility.
A personalized Donor Advised Fund account enables donors to benefit from immediate tax savings for the full value of their donation and at the same time, enables them to develop a charitable giving plan for disbursing the funds to individual charities. That way, your gift can help to meet both the immediate and longer-term funding needs for the charitable programs that matter most to you.
Donor Advised Funds provides donors with the freedom to fund your chosen charities or with privacy, which then eliminates both mail and telephone solicitation. We provide a method to engage with your preferred charities, gain the appropriate recognition and make disbursement decisions which suit you. We also provide our fund holders with services such as charity research, financial analysis, and project analysis, before, during and after a donation is made.
Dena Foundation's Donor Advised Funds are simple to setup. you choose the name for your Foundation account, a list of charities you wish to support annually, and the contact information of the financial investment professional your family works with. Once your Foundation account is created, Dena Foundation becomes your Charitable Administrator, and we handle the rest!
We are here to help
Dena Foundation provides an alternative to developing and managing a Private Foundation.
Why a Donor Advised Fund?
Donor Advised Funds provide the same legal framework as a Private Foundation, without all of the complexity of the requirements of the Canada Revenue Agency. We work with established tax accountants, charity lawyers, and philanthophy partners in order to offer you a clear and simple way to reach your philanthopic goals.
Developing a Private Foundation requires a multitude of steps, including:
Drafting By-Laws or Trust Deeds
Establishing a Trust or Not-for-Profit organization
Maintainance of a Board of Directors
Meeting Minutes, directors resolutions, and other legal documentation
Annual Reporting Requirements with the Canada Revenue Agency
Receipting, Accounting, Banking and Legal frameworks
Why work with the Dena Foundation?
We provide all of the administration work required to manage a charity or foundation
We take care of all obligations related to the Canada Revenue Agency
We administer the grants you would like to provide to your charity of choice, and provide guidance on the minimum distributions to meet CRA's requirements
We facilitate your charitable goals and provide guidance to reach them
We provide as much privacy as you want, as your contact information and details are not in the public realm
We provide full disclosure or complete anonymity to our donors
We offer a consulting and research service to donors who would like to research their charities of choice without sharing your information
We work with your financial advisors, lawyers, and accountants to do what is right for you.