1. An Introduction to the Hirani Foundation for Charitable Giving
The Hirani Foundation for Charitable Giving is an account held within the Strategic Charitable Giving
Foundation. Established by Hirani Financial Ltd. in 2010 to provide various charities with philanthropic
grants, The Hirani Foundation for Charitable Giving is a corporation registered as a public organization
with the Canada Revenue Agency (CRA), and the Strategic Charitable Giving Foundation is registered
with CRA as a charitable organization (registration number 802678748 RR0001).
–––– Creating a Legacy
The Hirani Foundation for Charitable Giving was created as an Enduring Property Foundation. In its
creation, it was established that 92 – 96% of each donation be subject to a direction that is to be held by
the Hirani Foundation for Charitable Giving for no less than 10 years. It was felt that by designating a
large part of the donation as a 10-year gift the Hirani Foundation for Charitable Giving can maintain
and invest the assets to grow in value through the years and ultimately make a more meaningful impact.
–––– Past and Current Charities Supported
Current beneficiaries include (but are not limited to):
n The Calgary Humane Society
n Juvenile Diabetes Research Foundation Canada
–––– Donating to the Foundation
Donations of $1000 or more qualify for an individual charitable tax credit or a corporate deduction if
contributed through a company. You will receive a tax receipt for each donation. As announced in the
May 2006 budget, donors pay no capital gains tax on donations of securities transferred in-kind to the
Hirani Foundation for Charitable Giving and all donated assets grow tax-free in the account.
Note:
For individuals, the maximum amount of donations that may be claimed for a tax-credit in any one year
is 75% of net income. Unused donations can be carried forward (not backwards) for up to 5 years.
206 Aspen Ridge Place S.W., Calgary, AB Canada T3H 0J6 | 403.690.0274 | shafik.hirani@investorsgroup.com

2. –––– Applications for Grants
For tax credit purposes, The Income Tax Act restricts granting to registered Canadian Charities and
Qualified Donees. Accordingly, the Hirani Foundation for Charitable Giving will not approve grants
to individuals, non-profit groups not registered as charitable organizations with the CRA, private
foundations or political parties.
The minimum grant amount provided by the Hirani Foundation for Charitable Giving to any eligible
charity must be at least $500.
–––– Disbursement Quota
The Hirani Foundation for Charitable Giving was established with a disbursement quota. It is
the minimum amount that must be annually disbursed from the sum of all donations received.
This year we expect that Annual Grant Amount to be in the range of 4 – 8% of the account value
of the fund as of June 23, 2011.
–––– Investors Group Charitable Giving Program Account
Investors Group Charitable Giving Program accounts are established with a minimum $25,000
irrevocable donation of cash, stocks, bonds, mutual funds or insurance.
There are fees involved with their establishment. Program fees are charged in relation to the operating
expenses of the fund (i.e. audit, regulatory filings, legal expenses.) In addition, charitable administration
fees of up to 1% may be levied. These fees are in addition to Management Fees of the assets held in trust
by the Hirani Foundation for Charitable Giving.
If you would like information on the establishment of your
own Investors Group Charitable Giving Program account,
please feel free to contact Shafik Hirani at 403.253.4840
or email: shafik.hirani@investorsgroup.com
Strategic Charitable Giving Foundation
206 Aspen Ridge Place S.W., Calgary, AB Canada T3H 0J6 | 403.690.0274 | shafik.hirani@investorsgroup.com