Giftpact Foundation Inc.

The objective of the Foundation is to increase philanthropy through the introduction and management of donor advised funds. Donor advised funds are restricted funds managed by the Foundation that give certain advisory rights to donors. The Foundation offers two types of donor advised programs: 1) the Impact Now option is appropriate for donations which are to be disbursed in the short term (typically within one year); and 2) the Future Impact option is appropriate for donors that want to build a fund and anticipate distributing portfolio growth over time. In 2021 the Foundation furthered its mandate to facilitate philanthropy by acting as recipient charity for flow through shares donated to the Foundation by donors across Canada. These donors establish donor advised funds to distribute proceeds to qualified donees.