With a Legacy Fund, you can create a charitable legacy for the communities you cherish, anywhere across the globe. A Legacy Fund will support your preferred charitable projects, in perpetuity or for a specific number of years. Contributions can be made during your lifetime, or through a charitable bequest or other planned gift.
If you would like to open a Legacy Fund, reach out to Augustine Hermans, Development & Engagement Manager, at augustine@myriadcanada.org or +1 438 803 3186.
How Does It Work?
Opening a Fund – You may establish a Legacy Fund to support a specific project abroad or advance a particular issue that is dear to your heart in the city or country of your choice. You may choose for the Fund to exist in perpetuity or instruct us to spend all assets in a specific number of years. We will work with you to structure the Fund so that it meets your needs and matches your passions.
Contributing to the Fund – You can contribute to the Legacy Fund during your lifetime and claim an income tax deduction for these contributions. You can also give through a charitable bequest a, and your estate will benefit from an estate tax deduction. You can also name the Fund as the beneficiary of your life insurance policy or of retirement plan assets (RRSP, RRIF, TFSA).
Investing assets to generate revenue – The assets of the Fund will be invested, allowing them to earn income and grow tax-free over time.
Supporting the causes you cherish – Each year, a percentage of the Fund’s assets will be used to support international charitable projects, in accordance with your recommendations.
Fee structure
Myriad Canada charges a management fee of 0.8% of the invested assets per year for the administration and operational management of the charitable activities. This fee excludes any bank or brokerage fees for the financial management of the capital charged by a financial institution. We do not charge initial set-up, due diligence, or legal fees.