Resources & FAQ’s

You can request a distribution using the GiftPact Donor Portal or contacting our team. The minimum amount is $250.

When we have completed your charitable distribution request, the GiftPact Donor Portal will email you a notification. You can track the progress of your request on the Donor Portal Gift-trac dashboard and also find all of your completed requests under the “My Distributions” view. 

Canadian donor-advised funds can only be distributed to registered Canadian charities or other qualified donees as listed with the CRA. Some US charities are registered in Canada and, if not, you may be able to support a registered Canadian charity that is affiliated with the US charity. As well, some US universities are registered in Canada or are considered “prescribed universities” by meeting certain conditions under the Income Tax Act (Canada). Contact us to find out if the institution in the US you would like to support is a qualified donee.

Yes, as long as your account has sufficient funds, you can set up a recurring distribution to a Canadian charity.

Yes, GiftPact can distribute funds to support an individual’s online fundraising campaign as long as the charity is registered with CRA.

You can donate to your GiftPact Donor-Advised Fund at any time in the following ways: cash donation (by cheque or wire), in-kind donation of securities, or donation of life insurance. Please contact us, and we will be happy to help you replenish your Fund.

Your charitable tax receipt will be sent to you a few weeks after we receive your donation.  You will receive an email when your donation receipt has been uploaded to your secure GiftPact Donor Portal.

Through your Donor-Advised Fund Agreement you can outline your wishes for how the funds in your GiftPact Donor-Advised Fund are administered when you die. You can recommend a list of charities and amounts that you would like to distribute to after your death. You can also name a successor donor representative who will have the authority to provide instructions on the account after your death. These options allow you to leave a legacy and transition your philanthropy to the next generation.

A: GiftPact Foundation currently has 2 types of accounts.

1. Impact Now account – acts essentially as a charitable chequing account for distribution of funds to Canadian registered charities immediately or in the near future. There are no fees charged to this account, however GiftPact retains up to 1.5% of any interest that may be earned on the cash balance. GiftPact allocates interest earned in excess of 1.5% per annum back to the DAF, subject to a qualifying minimum monthly balance.
2. Future Impact account – acts as an investment account for funds intended to be held in the DAF and distributed to charities in the future. Managed by a Portfolio Manager, your charitable capital can be invested without taxation, until such time that the funds are requested to be distributed to a charity. There are fees associated with this type of account – refer to Schedule C of the DAF Agreement.

Accommodation Fee: Should the full amount of any Funds deposited into your DAF be immediately distributed or requests be made within 30 days of receipt by GiftPact to distribute funds to Qualifying Donees, GiftPact reserves the right to charge a, accommodation fee of 2% of the amount distributed to a Qualifying Donee as a charge against that distribution. For greater clarity if a donation of $100,000 is made and immediately requested to be distributed, there shall be a charge of $2,000 against that distribution. Payment shall be deducted prior to any distribution so either the donated amount is reduced to $98,000 or the donor must contribute $102,000 (should sufficient funds not otherwise be available to pay the accommodation fee).

If GiftPact Foundation ceases to exist, your Donor Advised Fund (DAF) assets will not be lost. 

Since DAF’s are legal charitable structures, there are specific mechanisms in place should the sponsor organization cease to exist: If GiftPact Foundation should at any time be wound up or dissolved, after payment of all debts and liabilities, Canada Revenue Agency (CRA) rules require that the DAF must legally transfer its remaining property to another eligible ‘qualified donee’.  This means the funds would be safely transferred to another recognized public foundation to carry out your philanthropic goals.”