5 Ways to Engage Your Family in Charitable Giving
Giving back is one of life’s most rewarding experiences, and it’s even more meaningful when shared with family. Whether you’re looking to pass on values, create shared traditions, or build a meaningful legacy, a Charitable Giving Fund (CGF) with the Raymond James Canada Foundation offers a simple, streamlined way to bring your loved ones along on your philanthropic journey.
Here are five thoughtful ways to involve your family in giving through a CGF:
1. MAKE GIVING A FAMILY TRADITION
Consider gathering once a year with your family to select which charities to support from your CGF. These moments spark meaningful conversations, help family members learn about causes they care about, and create lasting memories rooted in generosity.
2. PERSONALIZE YOUR FUND
Give your CGF a name that reflects your family’s identity— something like “The Smith Family Giving Fund.” This simple gesture helps younger family members feel connected to the mission and proud to be part of something bigger.
3. INVITE FAMILY AND FRIENDS TO CONTRIBUTE
Want to include your friends and family to contribute in your philanthropy? Set up a donation portal linked to your CGF to allow family and friends to contribute easily. They may contribute at any time and be eligible to receive a donation tax receipt for gifts over $25. Whether it’s for a special occasion, a yearly fundraiser, or in memory of a loved one, it’s a meaningful way to come together for a cause.
4. NAME A SUCCESSOR
Appointing a successor, such as a child or grandchild who will have the honour of continuing to recommend grants from your fund in the future is a powerful way to pass on your values and ensure your legacy lives on through the next generation.
5. TEACH FINANCIAL AND SOCIAL RESPONSIBILITY
Children and grandchildren can learn about budgeting, social issues, and the impact of giving when involved in the charitable decision-making process. It helps to instill your values in the future generations, while empowering them with valuable knowledge.
Start Your Family’s Giving Journey Today
Setting up a Charitable Giving Fund through the Raymond James Canada Foundation is simple, flexible, and can be tailored to your personal goals. Whether you’re just starting out or looking to deepen your family’s involvement, talk to your Raymond James advisor today to find out more.
Learn more about strategic and meaningful philanthropy on our Charitable Giving website.
Our Total Wealth Solutions approach helps you define and reach your financial goals at every stage of life.
Securities-related products and services are offered through Raymond James Ltd. (RJL), regulated by the Canadian Investment Regulatory Organization (CIRO) and a Member of the Canadian Investor Protection Fund. Statistics and factual data and other information are from source Raymond James Ltd. (RJL) believes to be reliable but their accuracy cannot be guaranteed. Information is furnished on the basis and understanding that RJL is to be under no liability whatsoever in respect thereof. It is provided as a general source of information and should not be construed as an offer or solicitation for the sale or purchase of any product and should not be considered tax advice. Raymond James advisors are not tax advisors and we recommend that clients seek independent advice from a professional advisor on tax-related matters. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a Member - Canadian Investor Protection Fund. Solus Trust Company (“STC”) is an affiliate of Raymond James Ltd. and offers trust services across Canada. STC is not regulated by CIRO and is not a Member of the Canadian Investor Protection Fund.
