Wednesday, February 07, 2007

You don’t have to be wealthy to be charitable

You don’t have to be wealthy to be charitable: "NC)-Warren Buffett is doing it, and Bill Gates has been doing it for years.


Increasingly people across the world are looking for ways to use their wealth to help charities - and that includes many Canadians. In fact, a recent survey sponsored by Mackenzie Investments showed Canadians would be willing to donate an average of $117,000 if they won $1 million.


But charitable giving isn’t just for millionaires anymore. Traditionally you needed to contribute around $1 million to set up your own private foundation, but now you can start a donor-advised fund for much less."

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