Philanthropic Advisory Services
Services to Foundations
With a number of foundations under management, and years of experience advising different foundation committees, The Cork Brazeau Group brings a wealth of expertise and insight into managing public or private endowed or non-endowed assets.
Management of Endowed & Non-Endowed Foundation Assets
Board trustees act in the capacity of Investment Stewards and are responsible for ensuring the proper management and care of community assets. For this reason, our approach to managing a foundation's assets will include:
- A strict adherence to a pre-determined Investment Policy Statement.
- Carefully managing the risk of the portfolio to ensure that only risk which is appropriate and necessary is taken, including ensuring that no bets, whether intended or unintended are made with the portfolio's assets.
- Controlling the costs to the foundation to maximize the return of the portfolio.
There are five elements to meeting Key Fiduciary Responsibilities:
- Duty to act prudently and objectively.
- Duty to be impartial.
- Duty to diversify portfolios in accordance with Investment Policy Statements.
- Duty to monitor investments and money managers.
- Duty to provide timely investment status.
As Advisors to your foundation, we will ensure that each element to being a fiduciary is fully understood, and followed.
Services to Individual Donors
The CorkBrazeau Group is committed to assisting individuals incorporate philanthropy into their financial plans in a skilled and efficient way.
At the apex of their financial needs and goals, individuals often desire to build something that outlives their own lives, involving their family or community in the process. Through the services of Malcolm Burrows, Head of Philanthropic Advisory Services at the Scotia Private Client Group we work with our clients to structure private foundations that will address their unique interests in perpetuity.
SMC Charity Flow-Through Limited Partnership
We understand that efficient philanthropy includes maximizing the gift to the charity while minimizing the after tax cost to the donor.
For this reason, ScotiaMcLeod has worked with Scotia Capital and Scotia Trust to create the SMC Charity Flow-Through Limited Partnership, a tax-efficient way to provide a gift to any one of Canada’s 85,000 registered charities.
Click here for a copy of the Prospectus for the SMC 2011-1 Charity Flow-Through Limited Partnership.
SMC 2011 Charity FT Prospectus
Click here for background information on the strategy and structure of flow-through shares and the tax efficiency of donating them to charity.
Flow-Through Share Donations
Tax Backgrounder: Flow Through Share Gift Arrangements
To see how this strategy could improve your ability to maximize your gift while minimizing your after-tax cost, use our Excel calculator.