Wealth can do more than improve your life: it can create meaningful change. It builds scholarships that rewrite futures, funds research that rewires possibilities, and supports communities in ways that leave lasting imprints. Every dollar, when paired with intention, tells a story: of purpose, of values, of impact. At Theodor Hennessey & Ross Private Wealth Management, we ensure your giving goals don’t simply sit on the sidelines—they become central to your financial strategy, seamlessly woven into the framework of your legacy.
Benefits of charitable giving
Impact isn’t just about writing a cheque—it’s about creating a ripple that touches lives now and builds opportunities for tomorrow. Maybe it’s gifting appreciated securities to sidestep capital gains. Perhaps it’s setting up a donor-advised fund that simplifies long-term contributions. Whatever your strategy, we ensure it doesn’t exist in isolation but works hand-in-hand with your tax planning, retirement goals, and wealth preservation efforts. Smart philanthropy isn’t random. It’s calculated, intentional, and laser-focused on maximizing your resources while amplifying your values. Every gift isn’t just generosity—it’s a deliberate step toward a legacy that resonates far beyond your lifetime.
Charitable giving in Canada
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Donor-advised funds: simplicity meets impact
Why complicate what should feel good? Donor-advised funds (DAFs) offer a streamlined, effective way to give. Immediate tax benefits pair with long-term simplicity, cutting out red tape so you can focus on what truly matters—making a difference.
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Appreciated securities: gifting made smarter
Why let taxes dilute your impact? Donating publicly traded securities allows you to avoid capital gains taxes entirely while claiming a tax receipt for the full market value of your gift. It’s a win-win—smart for your finances and impactful for your cause. And we handle every detail, ensuring it aligns seamlessly with your broader financial goals.
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Life insurance as a legacy
Your impact doesn’t have to end with you. By naming a charity as the beneficiary of a life insurance policy, you create a ripple effect that outlives your time. Premium payments may even qualify for tax credits, making this strategy both generous and financially efficient.
Charitable giving tax credits
Taxes—the silent drain on wealth. But with a well-planned charitable giving strategy, they become a tool for amplifying your generosity. Sequencing withdrawals, leveraging credits, and strategically timing your contributions ensures your gifts go further. At Theodor Hennessey & Ross, we build tax efficiency into every charitable giving plan, ensuring more resources flow to the causes you care about and less is lost along the way.
Generosity that builds generations
Philanthropy is about more than money—it’s about uniting family under shared values. Involving children and grandchildren in your giving strategy creates a sense of purpose that transcends generations. It’s not just wealth you’re passing down; it’s ideals, principles, and the joy of making a difference.
A family giving plan fosters conversations that matter, strengthens bonds, and gives your legacy a life of its own. These are lessons no classroom can teach—moments shared in real life, where your family learns the true power of generosity.
Why every gift needs a plan
One-off generosity is kind, but it often lacks the longevity to make a lasting impact. A single donation might solve an immediate need, but true philanthropy requires strategy—a forward-thinking approach that transforms your values into enduring change.
A structured giving plan is dynamic. It adapts to challenges, evolves with opportunities, and grows stronger over time. At Theodor Hennessey & Ross, we measure the outcomes of your giving, refine strategies as new opportunities arise, and involve your family every step of the way. The goal? Turning fleeting generosity into a legacy that stands the test of time.