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Giving Your Way, With a Donor Advised Fund

  • Your lasting legacy
    Your lasting
    legacy
  • Effective Giving
    Effective
    Giving
  • Tax advantageous
    Tax
    advantageous
  • Maximize charitable benefits
    Maximize
    charitable benefits

Charitable giving is a way to support the organizations and causes that are important to you and your family and to give back to your community. It can also be an effective tax planning strategy. No matter why you give, though, you want your charitable contributions to be as impactful as possible.

A CMA Foundation Donor Advised Fund is one of the simplest most cost-effective and tax-advantageous ways to give to charity.

  • It’s simple and tax efficient to streamline your charitable giving and integrate it into your financial and estate plans.
  • You can easily make donations in kind such as gifts of securities and MD mutual funds.
  • You’ll receive a charitable tax receipt for every qualified donation you make to your CMA Foundation Donor Advised Fund.

Features and Benefits

Your lasting legacy

Provide annual grants to the charities you support, streamline your annual charitable giving and create your lasting legacy.


Effective giving

Donate to the causes important to you, your family and your community in a way that complements and supports your financial and estate plan. Easily make donations in kind, such as gifts of securities and MD mutual funds.


Tax advantageous

Receive a charitable tax receipt for every qualified donation you make to your CMA Foundation Donor Advised Fund. Your donations grow tax free within the fund, increasing the size of future amounts that can be granted from the fund to the charities you support.


Maximize charitable benefits

CMA Foundation Donor Advised Funds have some of the most cost-effective fees in the business, meaning that more of your donation will go to the charities you support.

FAQ

What is a Donor Advised Fund?

A Donor Advised Fund (DAF) is one of the most effective and tax-advantageous ways to give to charity and establish a lasting legacy. A DAF enables you to make contributions to the charities you support through annual grants from the fund. You’ll create a lasting charitable legacy — and benefit from tax relief.

Who administers the CMA Foundation Donor Advised Funds?

CMA Foundation Donor Advised Funds are invested with MD Private Investment Counsel (MDPIC). MDPIC is the largest non-bank-owned private investment counsel company in Canada, and has more than $21 billion in assets under management. MDPIC’s expert discretionary investment management ensures that you and your family are well supported in the ongoing management of your charitable legacy. MDPIC is a member of the MD Group of Companies. Owned by the Canadian Medical Association, MD Financial Management has more than $45 billion in assets under administration and is the only firm exclusively dedicated to the financial well-being of Canada’s physicians and their families.

What is the CMA Foundation?

Created by the Canadian Medical Association (CMA), in partnership with its subsidiaries, MD Financial Management and JouleTM, the CMA Foundation provides impactful charitable giving to registered Canadian charities that further excellence in health care. The CMA Foundation is also a trustee for a collection of Donor Advised Funds, offered exclusively by MD Financial Management, that make it simple and tax efficient for physicians to achieve their financial and charitable giving goals.

Why choose a CMA Foundation Donor Advised Fund?

A CMA Foundation Donor Advised Fund (DAF) is one of the most effective and tax-advantageous ways to give to charity and establish a lasting legacy. With a CMA Foundation DAF, you’ll receive a charitable tax receipt for every qualified donation you make to your fund. The CMA Foundation DAF then makes annual grants to the charities you support. A CMA Foundation DAF makes it simple and tax efficient to streamline your charitable giving and integrate it into your financial and estate plans.

Who can create a CMA Foundation Donor Advised Fund?

CMA members — physicians and their families— can create a CMA Foundation Donor Advised Fund. MD is owned by the Canadian Medical Association (CMA) and is the only firm exclusively dedicated to the financial well-being of Canada’s physicians and their families.

Why did MD decide to offer the CMA Foundation Donor Advised Fund?

At MD, we understand that many physicians and their families want to establish a lifelong legacy through charitable giving and support the organizations and causes that are important to them, their families and their communities. It could also be an effective tax planning strategy – as part of a physician’s overall financial plan. The CMA Foundation Donor Advised Fund, offered exclusively by MD, makes it simple and tax efficient for physicians to integrate charitable giving into their financial and estate plans.

How do I get started?

With four simple steps:

  1. Choose the charities you’d like to support. The CMA Foundation and your MD Advisor will collaborate with you to determine the annual grant each charity will receive.
  2. Give your CMA Foundation Donor Advised Fund a name. Many funds are named after the donor; others are named in memory of, or to honour, a loved one.
  3. Document your charitable plan. The CMA Foundation will prepare, for your review and signature, the documentation necessary to create and manage a CMA Foundation Donor Advised Fund.
  4. Make your initial donation and receive a charitable tax receipt. Your tax advisor can help you determine the most tax-efficient way for you to make your initial donation. You can make additional contributions at any time, including through your estate plan.

Talk to an MD Advisor

Talk to your MD Advisor today about how a CMA Foundation Donor Advised Fund might fit into your overall financial and estate plan.