Charitable giving is a profound expression of your values and vision for a better world. At McKenzie, Hoover, McPhee, Russell Private Wealth Management in Vancouver, we understand the deep impact that giving can have—not just on the communities and causes you support but also on you and your family. By developing a strategically planned, tax-efficient giving strategy, we help you contribute to the causes close to your heart in the most effective ways possible. 

The importance of charitable giving

Integrating charitable contributions into your financial strategy does more than help your favorite charities—it can also yield significant tax benefits and enhance your overall financial health. Our team focuses on making charitable giving a pivotal component of your broader financial plan. This approach ensures that your philanthropic actions align with your financial goals, maximizing the impact of every dollar you give. 

Timing your contributions for maximum impact

Effective charitable giving isn’t just about how much you give—it’s also about when you give. Timing your donations can significantly enhance their effectiveness and the tax benefits you receive. Donating during your lifetime, for example, allows you to witness the positive impact of your generosity and reap immediate tax rewards. Our experts will work with you to identify the best times to make contributions that align with your financial planning and tax strategies.

Choosing the right methods and assets for donations

Deciding how and what to give is crucial in optimizing your philanthropic efforts. Our team helps you navigate the various giving methods available, such as establishing donor-advised funds, making bequests in your will, designating beneficiaries, or donating life insurance policies. We also specialize in advising on the donation of publicly traded securities “in kind,” a method that can significantly enhance your tax savings by avoiding capital gains taxes. 

Fostering philanthropy within the family

Charitable giving is an excellent way to strengthen family bonds and instill values of generosity and social responsibility across generations. We facilitate meaningful discussions among family members to ensure that everyone supports and understands the philanthropic goals embedded within your estate plan. This collaborative approach not only enhances family unity but also ensures that your philanthropic legacy is embraced and continued by future generations. 

Family

Get started with strategic charitable giving

Partnering with McKenzie, Hoover, McPhee, Russell Private Wealth Management means choosing a team that is committed to enhancing the effectiveness of your charitable endeavors. We are experts in crafting giving plans that benefit you, your family, and the causes you hold dear, ensuring that your philanthropic impact is felt in Vancouver and beyond. 

Why choose us for your charitable giving needs? 

  • Personalized planning

    Every charitable giving strategy we create is tailored to the unique needs and goals of each client.

  • Tax efficiency

    We design your giving plan to maximize tax advantages, enhancing the value of your contributions.

  • Family engagement

    We help involve your family in your philanthropic efforts, ensuring that your values of giving back are shared and sustained through generations.

  • Expert guidance

    Our team is well-versed in all aspects of charitable giving, from simple cash donations to complex trust arrangements and legacy funds.