What financial advisors should knowThe concept of family philanthropy has exploded in recent years, largely because it opens a different level of consultation incorporating major tax and estate planning with strategic philanthropy. The FPI is dedicated to serving the needs of Jewish family foundations - both private and public - throughout the Montreal area.
The Family Philanthropy Institute provides a centralized source of information, education and community linkage to assist family foundations in maximizing the impact of their philanthropic giving in both the Jewish and general community.
We seek to create informed, educated donors - however independent they may be - who will find in the JCF value and a valuable service. Our community’s financial advisors have been integral partners for over 20 years.
Benefits to partnering with the JCF
Benefits to creating a public foundation with the JCF
Kinds of family foundations
Public donor-advised Foundation
Within the JCF (a public foundation) with its own identity, a consult with trustee fund allows the donor's family to set a board of trustees who will advise the JCF on allocations and investment management. The JCF administers the fund and makes charitable donations in the name of the Family Foundation.
Incorporated under Quebec or Canadian law as non-profit corporations or organized as charitable trusts, and recognized by the CCRA as tax-exempt organizations. It may have derived the bulk of its income-producing corpus from a single bequest, or it may receive annual contributions from an individual, group of individuals, or members of a family, and it exists for the sole purpose of making grants. Grant-making decisions are made by a board of trustees, and this board may be autonomous or controlled by the donor or donor family.