The eHarmony of charities, Place2Give is a web-based tool designed for wealth managers, financial planners, tax advisors, estate planners and lawyers providing up-to-date information on Canada’s charitable sector. Research provided through Place2Give will lead to deeper, more meaningful conversations with your clients around philanthropy and the charitable sector.
With over $100MM lost due to fraud by Canadian charities annually, and over $1B lost in North America, providing your clients with accurate information is critical to establishing and maintaining strong relationships. Over the next few decades, we are anticipating an inter-generational wealth transfer in the Trillions. These funds can go to multiple sources, including charity. Our goal is to help you establish and hold the trust of your clients and the NextGen clients through effective community investment and foundation management.
How It Works
Our non-provisional patent pending algorithm matches your clients giving habits with charities that best align with those habits. Information analyzed in the following categories:
- Financial Management
- Governance & Policies
- HR & Admin
- Volunteer Opportunities
- Community Relations & Media
- Program Offerings
Client (donor) profiles are created for planning and research purposes. Charitable giving portfolios can be researched, matched to giving habits and transacted (optional) through the platform. Research generated can be as high-level as CRA information or as detailed as a landscape comparison to other similar organizations. We empower you to access charitable sector information when you want and how you want it. We take the risk of philanthropic advising off your shoulders so you can focus on managing the funds to achieve financial and philanthropic success.
Each advisor is given their own username and password to manage up to 10 clients with 3 standardized reports per client. Additional clients or specialized/customized reports can be added to the account.
For firms that do not have Donor Advised Funds (DAF) established or who do not manage foundation dollars, donation transactions can be made by cash or securities through our web-based platform. These transactions are charged a fee by a third party. The DAFs currently used by Place2Give are the Benefaction Foundation based in Montreal (for donation of securities) and the Canada Online Giving Foundation managed by Benevity in Calgary (for cash donations).