JFL

Leaving a Legacy

We all want to make a positive contribution to the world. To make a lasting difference not just to our own families, but also to a cause or institution that is important to us. Perhaps it is a school, a hospital or a particular area of medical research or social challenge.

At Jarislowsky Fraser, we believe the desire to "give back" is essential to our society and should be nurtured. This is why we established the Jarislowsky Fraser Donor Advised Foundation. "Giving back" is easier than ever.  By gifting through the Foundation, you do not have to incur the expenses and administrative burden of establishing your own foundation, while knowing you are making the world a better place.

Another advantage is that you gain immediate tax benefits. You are issued a receipt for the full amount of your contribution, which can offset income tax. Should you choose to donate securities, your donation can also reduce capital gains tax on shares with large unrealized capital gains.

Contact us to learn more.

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About the Foundation

The Jarislowsky Fraser Donor Advised Foundation’s mission is to assist in providing long term revenue for Canadian charities. This registered public foundation is a vehicle which allows you to donate cash or securities, receive an immediate tax receipt for the full amount of the donation and recommend which charities will receive the future income stream from your contributed capital.

Potential benefits of a donation to the Jarislowsky Fraser Donor Advised Foundation:

  • As of the May 2006 Federal Budget you will not pay capital gains tax on any securities donated to the Foundation. This is especially attractive for those shares you hold that have a very low cost base and a high current market value.
  • You can maintain long term name recognition (e.g. your family name) for donations to qualified Canadian charities.
  • This foundation has one of the lowest costs in the industry and therefore represents a cost effective alternative to establishing and running your own foundation.
  • Good for individuals who want to receive the full tax benefit of charitable gifting immediately while maintaining the ability to recommend where the future yearly income payments are donated.
  • May reduce future estate taxes.
  • You can gift the control of the income payments to a successor at death.
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Board of Directors

Richard McCoy, President

Richard H. McCoy has over 35 years of experience in the investment industry. From May 1997 to October 2003, Mr. McCoy was Vice-Chairman, Investment Banking at TD Securities. Prior to joining TD Securities in 1997, Mr. McCoy was deputy Chairman of CIBC Wood Gundy Securities. Mr. McCoy brings vast experience to the board as he is also a director of Uranium Participation Corporation, Aberdeen Asia-Pacific Income Fund Ltd., Chorus Aviation Inc. and Pizza Pizza Royalty Income Fund.

William Corcoran, Secretary

William J. Corcoran has been on the Board of Directors of Jarislowsky, Fraser Limited for more than ten years. From 1991 to 2001, Mr. Corcoran was Vice Chairman of the Ontario Pension Board and prior to that was a Managing Director of Scotia McLeod. Mr. Corcoran is also a director of E.L. Financial Corporation, Dominion & Anglo Investment Corporation, Canadian & Foreign Securities Co. Limited and Chairman of Labrador Iron Ore Royalty Income Fund and a trustee of the J.P. Bickell Foundation and the William & Nona Heaslip Foundation.

William Molson

Mr. Molson has 30 years investment experience with most of his career spent at UBS Securities Canada Inc. where he was a Managing Director. Mr. Molson has extensive experience in assisting companies with capital raisings, mergers and acquisitions and investment related strategies. He is currently President and Managing Director of various Invico Energy funds (private equity funds in Calgary), a director of Aurora Oil and Gas and an advisor to Saguenay Capital. Mr. Molson is also Co-chair of The Study School Foundation in Montreal.

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Contact

Montreal Office


Marie-Claude Jalbert, Partner
mcjalbert@jflglobal.com

1010 Sherbrooke St. West, 20th Floor
Montreal, Quebec H3A 2R7

Telephone : (514) 842-2727

Toronto Office


Paul Rolston, Partner
prolston@jflglobal.com

20 Queen Street West, Suite 3100
Toronto, Ontario M5H 3R3

Telephone : (416) 363-7417