Intro to Charitable Impact
What is Charitable Impact?
Charitable Impact operates as a donor-advised fund. This means you can manage all of your charitable giving from a single account, which we call the Impact Account. An Impact Account is like an online bank account for charitable giving. You can support any registered charity in Canada and manage your giving the way you want to.
What is the Charitable Impact Foundation?
The Charitable Impact Foundation is a public foundation and registered charity. When you add money to your Impact Account, you're actually making a donation to the Charitable Impact Foundation. It's why you get a tax receipt after adding money. The funds stay in your account until you let us know via the web or the app that you'd like to send charitable gifts to others, including charities, Giving Groups, or friends and family on Charitable Impact.
Are there fees to open and use an Impact Account?
Charitable Impact doesn't charge sign-up or transaction fees for Impact Accounts.
Banks and credit card companies charge charities, including Charitable Impact, a fee to process donations. Charitable Impact doesn't set or benefit from processing fees, but we do recover them. When you add money to your Impact Account, the bank or credit card company charges a fee to Charitable Impact to process the transaction. Later, when you give to charities, the charity receives your gift minus the processing fee charged to Charitable Impact by the bank or credit card company.
Who can I give to on Charitable Impact?
By opening an Impact Account, you can support any registered charity in Canada, Giving Groups, Campaigns, or friends and family on Charitable Impact.
Give to charities or groups
You can send gifts from the balance of your Impact Account to registered Canadian charities. There are about 85,000 that are registered with the Canadian Revenue Agency, including: charitable organizations, public and private foundations, educational institutions, religious organizations, and qualified donees like municipalities, registered Canadian amateur athletic associations (RCAAAs), and arts and culture groups. You can also give to Giving Groups or Campaigns on Charitable Impact.
Give to friends and others
You can also send charitable dollars to friends and family to inspire those around you to give.
Learn how to give charitable dollars to friends and others from your Impact Account.
Can I give anonymously?
You have the option to choose what information you want to share when you give to charities, Giving Groups, or Campaigns. When you sign up for an Impact Account, the default Information to share is set to give anonymously. When you share your name and contact information with charities, Giving Groups, or Campaigns, they may use the information to thank you for your gift.
Learn more about information you choose to share when sending gifts through Charitable Impact.
Can I donate non-cash assets?
Charitable Impact accepts gifts of stocks, bonds, mutual funds, and other securities such as privately traded securities. The tax benefits of donating securities directly are far greater than selling them and donating the proceeds.
Learn more about the options that are available for donating securities.
Open an Impact Account and get started
Signing up for an Impact Account is free and only takes a few minutes. As soon as you’ve signed up for an account, check your inbox for an email asking you to verify your email address.
You can choose to make a deposit into your account any time you want, or set up an automatic monthly donation. When you add money to your Impact Account, you get a tax receipt that’s stored and organized for you in your account. Then, you can take as much time as you need to decide which charities you want to support with the funds in your account.
Search and give
Once you’ve found who you want to give to, you can send the money in your Impact Account to charities, Giving Groups, or Campaigns from their profile page. You can also send charitable dollars to friends on Charitable Impact so that they can support the charities and causes that matter most to them.
Read more on the Charitable Impact blog
Check out the Charitable Impact blog for news, stories, and tips for making the most of your giving.