Be Philanthropic by Starting a Foundation

Donating to charity is a highly admirable act worthy of nothing less than respect. Many charities all over the world are responsible for promoting humanitarian ideals and improving the quality of life of so many people. Each charity is instrumental to creating change, and assisting in the progress of society as a whole. That said, perhaps the only thing that can be greater than donating to charity is starting one yourself and helping more of those in need achieve better lives.

Shifting Your Charity Gears

Some Canadian foundations may be challenging affairs to operate. Private groups, for example, have paid staff, an established office, and constant communications with donors and beneficiaries. Naturally, there will be certain issues that may complicate matters of operations to the point that the foundation is forced to close down, especially if not properly managed. What if there’s still a need to continue what the group started, though? The foundation can do so by converting it to a donor-assisted fund (DAF).