Episode 15

Published on:

29th Sep 2023

Give and Feel Good! How to give more for less.

It seems like every day we wake up to reminders in the news that the world needs our help. I am always looking for ways to help people reap the benefits of charitable giving.

In this past year, we have supported many worthy causes, through my personal foundation, with the assistance of clients and also in collaboration with Raymond James colleagues, both locally and across Canada.

I’ve published an article on how you can incorporate tax-efficient charitable giving into your personal and estate planning and in todays podcast, I’m delighted to speak with Diana Mao, Associate Vice President, Charitable Giving Program at Solus Trust Company. She works directly with me and my clients to provide planned giving expertise with a focus on strategic charitable giving. Diana is also responsible for leading Raymond James’ client philanthropy program, a donor advised fund program in partnership with Raymond James Canada Foundation.

Diana helps our clients develop their charitable intentions while incorporating tax effective donation strategies as part of an overall wealth plan.

  • How and where people are presently donating their money. [02:45]
  • The giving gap between generations.[04:06]
  • Tax incentives provided to encourage people to make a charitable donation. [07:15]
  • Setting up a personal charitable giving foundation. [10:10]
  • The process and benefits of a personal foundation.[14:02]
  • The feel good side of giving and educational benefits of a family foundation. [17:28]
  • The rules of dispersing funds from the foundation. [20:43]

You can visit Mary's charitable giving foundation page here.

Thank you for listening

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About the Podcast

The Prosperous and Happy Life
Money doesn’t guarantee happiness, but it sure can help. In this podcast, I bring you expert advice on how to achieve not only wealth …. But happiness too!
I shares tips and experiences from my quest to help my clients be prosperous and happy. Over more than 30 years I have worked with thousands of clients and countless experts, all looking to live a rich and fulfilling life. In my podcast interviews I share my stories and wisdom, along with advice from the many experts I have encountered along the way.

About your host

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Mary Hagerman

Mary Hagerman is an award winning portfolio manager and investment advisor with the Montreal office of Raymond James Ltd. Considered a female pioneer in building ETF-based discretionary portfolios for her clients, Mary is an expert columnist on ETFs for industry publications in French and English, and she is regularly quoted in the media. Mary combines her personal passion for karate with her professional experience in her book, The Black Belt Investor.

This podcast has been prepared by and expressed the opinions of Mary Hagerman, and are not necessarily the opinions of Raymond James Ltd. (RJL). Statistics, data and other information presented are from sources RJL believes to be reliable, but their accuracy cannot be guaranteed. This podcast is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Past performance is no guarantee of future results. Information provided in this podcast is general in nature and should not be construed as providing legal, accounting and/or tax advice. Should viewers have any specific questions and/or issues in these areas, please consult your legal, tax and/or accounting advisor. RJL is a Member of the Canadian Investor Protection Fund.