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CWCF Professional Advisors Event 4 June 2014
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CWCF Professional Advisors Event 4 June 2014


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Slides 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.

Slides 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.

Published in: Self Improvement
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  • 1. Helping Others Give CWCF Advisor Seminar 4 June 2014
  • 2. Today’s Objectives › To help your clients access philanthropic giving › To increase your client’s understanding of our Community Foundation and the services we can provide › To strengthen our relationships with advisors serving our community
  • 3. Today’s 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
  • 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
  • 14. local grantmaking expertise
  • 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…
  • 16. community leadership
  • 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 $250,000 in seven funds: – Community Fund (greatest needs) – Cedarcliff Fund (arts & culture) – Elma & David Jack Youth Recreation Fund – Elora Green Space Fund – Kath Hammond Literacy Fund – Middlebrook Social Innovation Fund – Community Leadership Fund (CWCF sustainability)
  • 21. Our Numbers: Granting 0 5000 10000 15000 20000 25000 30000 2010 2011 2012 2013 CWCF Granting ($) › 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
  • 23. Donor Scenarios Jean Prichard
  • 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
  • 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
  • 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
  • 27. Benefits During Retirement Phase › RRIF withdrawals › Large capital gains on sale of property e.g. cottage = tax savings and money flowing to community
  • 28. We Are Here For You › 1 888 713 4083 › › 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