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Why donor-advised funds are surging in popularity Brenda Bouw Published April 29, 2021 fzant/iStockPhoto / Getty Images More charitably-minded Canadians are turning to donor-advised funds as a simplified, tax-efficient way to give, supported by financial advisors looking to help clients distribute their wealth to good causes. Donor-advised funds have been around for decades in Canada, but data show the charitable-giving vehicles have gained significant traction in recent years. A recent report from Toronto-based research firm Investor Economics says the value of donor-advised funds in Canada grew at a compound annual rate of 14.3 per cent between 2016 and 2018, to $5.7-billion from $4.4-billion. There was a 35-per-cent increase in the number of donor-advised funds set up at various foundations over the two-year period, the report shows, and a steady rise in donations to new and existing funds. ....
Virtual fundraiser sees Neighbors Helping Neighbors January 06, 2021PLYMOUTH As we enter winter s coldest month, many are struggling to stay warm, with the pandemic compounding the perennial challenge of paying for fuel. Despite the economic downturn, local businesses and individuals have stepped up with donations for the Keep the Heat On (KTHO) annual fundraiser, to be held virtually this year on Wednesday, Jan. 13 at 7 p.m. Keep the Heat On is a volunteer effort raising funds for the nonprofit Plymouth Area Community Closet (PACC) in support of its mission to assist our neighbors in need. PACC serves residents of 15 towns in the Pemi-Baker Region with programs such as the fuel assistance fund and the food pantry. ....