We know you want effective solutions that are simple to implement - we can help.
For individuals & families
Simplicity. Creativity. Efficiency. These are just a few of the many benefits for individuals and families that give through the Provident Foundation.
Whether you wish to support the arts, missions, a church, conserve natural resources, advance medical research or help an underprivileged child, giving back speaks volumes about who you are and the values you hold dear.
Provident's full range of innovative giving tools and solutions provide simple, smart and tax-effective ways to help make your philanthropic dreams a reality.
- Give easily and effectively through the Provident Giving Fund, receive an immediate receipt and take time deciding how your gift should be distributed.
- Accumulate a larger gift through a Provident Legacy Fund that can receive proceeds or bequests from your estate.
- Give assets besides cash, including stocks, real estate, business interests and securities.
- Give pass-through gifts of appreciated securities that can be cashed by Provident and immediately distributed to your chosen charity.
For businesses
With a Business Provident Fund, any business can have an instant corporate social responsibility program that can grow with its needs. Whether your business has 10 employees, 100 or 1,000, Provident helps make business giving easy.
A Business Fund acts like a charitable foundation for your business. Provident handles administration and compliance so your team can focus on your core business, employee engagement and community impact.
- Set up matching programs and engage employees, clients and the community.
- Reduce eligibility checking, small cheques and charitable administration.
- Measure impact by tracking company contributions to employees, clients and charities.
- Give directly to virtually any charity in Canada and support donor advised funds in Provident.
- Save time at tax season with a single report of charitable transactions.
For churches, ministries & charities
Churches, ministries and other charities can work with Provident to strategically engage donors and support the goals cast by the organization. With Provident behind your charity, you can establish a donor advised legacy fund that works like a foundation-like entity for current and future support.
A Provident Legacy Fund can help your organization:
- Accept gifts of appreciated securities, real estate, RRSPs, RRIFs, life insurance proceeds and other non-cash assets.
- Recommend distributions from your fund back to your church or ministry, or even to other charities.
- Strengthen donor relationships by opening up new and innovative ways of giving.
- Accomplish this without adding overhead or staff.
Provident can also work with your donors and their existing advisors as they explore creative ways to continue giving during their lives and after death.
For advisors
Provident can help financial professionals, accountants, lawyers and other wealth management advisors present charitable giving expertise to clients who want to make a meaningful impact while minimizing tax burdens.
- Support charitable initiatives that fit with client business goals.
- Meet growing demand for philanthropic planning solutions.
- Provide charitable giving options that support investment and legacy objectives.
Donor Advised Funds
Set up your own foundation without the cost and hassle of running it.
Provident offers the perfect solution for you.
A Provident Donor Advised Fund (DAF) offers a simple, flexible, and tax-efficient way to manage your charitable giving without the complexity of establishing a private foundation.
Our expertise.
BENEFITS
- Simple to Establish – Open a Donor Advised Fund by completing a straightforward application—no legal professionals or complex setup required.
- Personalized – Name your fund in a way that reflects your family, honours a loved one, or supports a cause that is meaningful to you.
- No Start-Up Costs – Unlike a private foundation, there are no legal, accounting, or formation costs to establish your fund.
- Administrative Simplicity – Provident manages all administration, investment oversight, record keeping, and charitable reporting, eliminating the need for additional tax filings or accounting.
- Confidential Giving – Your fund and charitable contributions remain private unless you choose otherwise.
- Anonymous Grants – Support charities anonymously while still directing where your gifts are distributed.
- Flexible Giving – Donate cash, appreciated securities, or other eligible assets, and recommend grants to one or multiple charities over time.
- Immediate Tax Benefits – Receive a charitable tax receipt when your gift is made, while taking the time to decide when and where your grants will be distributed.
CONSIDERATIONS
- Advisory Role – As with all donor-advised funds, grant recommendations are made by the donor, while final approval rests with Provident's Board of Directors to ensure compliance with Canadian charitable law.
- Ongoing Administration Fee – A modest annual fee supports investment management, administration, compliance, and reporting, and is generally significantly lower than the cost of operating a private foundation.
- Irrevocable Contributions – Charitable gifts made to a Donor Advised Fund are irrevocable and cannot be returned to the donor, consistent with Canadian charitable giving requirements.