Series - Editorial Fellowship: Transforming Funding Models

Analysis: Canada’s banks are outpacing community foundations in launching new donor advised funds. What does it mean for your charity and for the philanthropic sector?

Author Gabe Oatley
In 2021, Canada’s five largest commercially-affiliated foundations that offer donor advised funds held $3.8 billion in charitable assets. Two decades ago, none of them existed.

Why It Matters

Donation patterns are changing. Affluent Canadians, whose gifts form a growing share of the overall charitable pie, are increasingly giving through donor advised funds affiliated with banks and wealth management firms.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Analysis: Canada\u2019s banks are outpacing community foundations in launching new donor advised funds. What does it mean for your charity and for the philanthropic sector?. This journalism \u200b\u200bis made possible by the Future of Good editorial fellowship covering the social impact world\u2019s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada. See our editorial ethics and standards here . Last year, in the days leading up to Christmas, Kate Bate sold her design and animation business and decided with her husband to donate a portion of the profits to charity.\u00a0 The impulse to give wasn\u2019t new for the Toronto couple, who live on the traditional territory of the Haud

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