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January 24, 2019
All of us at WEALTHinsurance.com wish you and your family a happy, healthy, prosperous and charitable New Year! Hope you are well and enjoyed a wonderful winter break with family and friends.
We are delighted to share this 5th edition of our CharityMATTERS™ newsletter.
The past several months kept us very busy, helping generous people share their good fortune, and supporting the causes they care about in more meaningful ways.
Strategic Philanthropy is a wonderful way for people to be very charitable with the blessing of the tax department. Converting tax dollars into significant gifts for the causes our clients are passionate about is the most gratifying part of our practice.
You don’t have to be rich to teach the importance of charitable values to children and grandchildren by example.
On the other side of the giving ledger, we help a growing number of charities in Canada and the U.S. raise much-needed funds, including help with the design, development and implementation of their charitable giving programs.
Philanthropy continues to be the fastest growing segment of our insurance and estate planning practice, now entering our 28th year. |
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Canadian Association of Gift Planners |
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We are proud members of the Canadian Association of Gift Planners (CAGP) a national association that inspires and educates the people involved in strategic charitable gift planning. CAGP advocates for a beneficial tax and legislative environment that strengthens philanthropic giving, creates a networking environment with like-minded professionals and experts, and provides access to outstanding learning opportunities and professional development.
A national, non-profit organization established in 1993, CAGP is the only Canadian professional association that brings together charitable fundraisers and professional advisors.
With 20 local Chapters across the country, CAGP plays a vital role in building relationships and engaging members to strengthen philanthropy and strategic charitable gift planning.
If you are involved in Planned Giving, you are encouraged to join the CAGP network of more than 1,200 philanthropic professionals.
In April 2019, Mark will be a guest speaker at CAGP’s 26th National Conference on Strategic Philanthropy in Montreal, Quebec. |
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Philanthropy in The TaxLetter® |
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Mark will attend the invitation-only 2nd annual WE Partner Summit at the WE Global Learning Center in Toronto.
The WE movement is a youth-centric international organization founded by Craig and Mark Kielburger in 1995.
It brings people together and gives them the tools to change the world.
The Partner Summit will explore how to continue making positive social impacts, with a focus on Technology, Social Entrepreneurship, Thought Leadership and People. |
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Mark was a guest speaker on “Strategic Philanthropy”, a seminar presented by The Society of Trust and Estate Practitioners (STEP), Toronto branch, the leading international organization for trust and estate professionals
The event was held at the Ivey Tangerine Leadership Centre in Toronto, and available at 3 satellite locations across the GTA and online via webcast.
He was joined by fellow presenters Tania Carnegie, Chief Impact Officer, KPMG in Canada and Aneil Gokhale, Director, Philanthropy, Toronto Foundation.
The program was designed to educate and inform estate planning professionals about legacy planning, how to approach the legacy discussion with clients, the impact of recent tax changes on philanthropy, gift planning strategies, and ideas for structuring gifts using private foundations, trusts and donor advised funds.
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Mark returned as guest speaker at the Professional Accountants Professional Development Network (PAPDN) event hosted by the Etobicoke District CPA Association at the Lambton Golf and Country Club in Toronto.
140 CPA’s, LLB’s, finance, investment and insurance advisors attended his presentation “Insurance, Tax and Philanthropy Update”. He explained how to introduce the philanthropic talk with clients and shared many smart strategies to help clients pay less tax while creating lasting legacies for the causes they are passionate about, including Passive Income Strategies for business owners and incorporated professionals.
Many thanks to Deborah Schaufele for arranging. |
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The Jewish Foundation of Greater Toronto announced Mark’s appointment as Vice-Chair of the Professional Advisory Committee (PAC), to assume Chair duties in December 2019.
PAC consists of leading lawyers, accountants, financial planners and advisors, insurance and other professionals who are committed to supporting the Jewish Foundation's work by promoting philanthropy through their professional practices. |
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| Wealth Stewards, winner of the 2017 and 2018 Financial Planning Awards, hosted Mark’s invitation-only webinar for professional accountants and other financial specialists across Ontario. Mark’s presentation “Insurance, Tax, and Philanthropy Update for Business Owners and Affluent Families” explained several Passive Income Strategies for business owners and incorporated professionals, how life insurance preserves wealth, how to use Immediate Financing Arrangements to get it, and how to use Strategic Philanthropy to reduce taxes while creating lasting legacies. |
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Mark returned as guest speaker for the 3rd time at a GTA Accountants Network event (GTAAN) held at the Donalda Club in Toronto. More than 60 accounting and financial professionals attended the presentation “Strategic Philanthropy: Helping Clients Minimize Taxes and Maximize Giving”.
Discussion topics focused on professional responsibilities as gatekeepers to charitable giving and how to introduce the philanthropic talk with clients. Several smart strategies to help clients pay less tax while supporting favourite causes and creating lasting legacies were explained, including Passive Income Strategies for business owners and incorporated professionals. Many thanks to Melanie Russell (GTAAN President) and Katie Russell of Kalex Valuations Inc. for arranging the event. |
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Mark co-hosted a 2nd invitation-only Professional Advisor event for insurance advisors and estate planning professionals at The Jewish Foundation of Greater Toronto.
He presented “Philanthropy for Your Clients” and explained why being knowledgeable about gifting strategies and addressing clients’ philanthropic values are essential skills for every planning professional. The session focused on how to begin the “philanthropic conversation” and how to include tax-advantaged philanthropy in clients’ overall financial planning. |
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| Mark was a keynote speaker in Montebello, New York at csbEnvision8, the premier National U.S. Conference for Jewish Life insurance professionals, attended by specialists from New York, New Jersey, Connecticut and beyond. He discussed the importance of philanthropy in estate planning and explained how and why insurance advisors should incorporate it into client discussions. |
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| Mark met with partners and staff of SBLR LLP, Chartered Professional Accountants, a mid-sized Toronto based accounting firm. He discussed Strategic Philanthropy, provided an insurance update on recent tax law changes and explained why financial professionals, as gatekeepers, bear a unique responsibility to help clients with philanthropy. |
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Mark was a Lunch and Learn guest speaker at the Toronto offices of Crowe Soberman LLP, Chartered Professional Accountants, one of Canada’s largest public accounting and advisory firms.
More than 50 professionals attended his presentation “Speaking Philanthropy with Clients”. |
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CPP Philanthropy™ and Social Security Philanthropy™ |
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Our CPP Philanthropy™ strategy, now embraced by many charitable organizations, continues to gain traction among generous people who are collecting CPP benefits from the government, and don’t need the money to pay their bills.
It’s extremely gratifying to help worthy causes raise considerable sums using money that would otherwise be going to the tax department.
SocialSecurityPhilanthropy™, the U.S. counterpart to CPP Philanthropy™, was recently established to facilitate charitable giving south of the border. |
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| Special thanks and best wishes to the extraordinary Julia Roudakova, who joined us from Vancouver last year as Senior Associate Philanthropy. She recently returned to care for her ailing and ageing mom (a good daughter!) Please join us in wishing her mom a full and speedy recovery. We look forward to Julia’s return. |
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| Reuben Menzelefsy & Daniel Kachani |
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We’re starting an exciting New Year with 2 great new advisors.
Happy to announce that Reuben Menzelefsky and Daniel Kachani have joined us.
Reuben and Daniel are dedicated to helping families and businesses with strategic philanthropy, tax mitigation strategies, life insurance and estate planning solutions in the GTA.
Our network of experienced advisors reaches across the country.
Please be in touch for help with your own planning. |
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Meet Lauren Albert, Principal and Executive Optimist at IMPACT GIVING and the newest member of our growing team.
As an extremely passionate and independent consultant, Lauren works to inspire philanthropy and social investment across borders, sectors and causes. She specializes in strategic philanthropy, personal and corporate, helping generous donors develop charitable giving strategies that align with their philanthropic goals. Lauren works with us to best support her clients’ needs, providing them with innovative ways to maximize the value of their gifts and amplify their impact. |
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Many of us may see a need in our community, but very few do something about it. Donna Green, Founder & President of Stella's Place, saw a need and did something exceptional. Donna and her amazing staff are making a BIG difference, helping young adults (16 to 29) who are experiencing mental health challenges.
Watch Donna discuss her family struggle that laid the foundations of Stella's Place here: http://bit.ly/2sbmkeI. So inspiring.
The Stella’s Place ‘menu’ includes professional and peer support, clinical, employment, wellness, yoga, art therapy and recovery services. Their holistic approach helps young adults learn skills, find connection and become empowered to manage their own health including online peer support resources. They currently help more than 500 young adults and their families annually, with very little to no cost to participate.
We are looking forward to helping the Stella’s Place team develop and execute a comprehensive planned giving program to provide much needed financial resources to finance expanded programs and accommodate growth. Many thanks to Bob Walker of Longview Services for making the introduction. |
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OneFamily Fund Canada is an amazing non-profit organization dedicated to helping victims of terror and war in Israel. They sought our help to develop a planned giving program and strategies in support of their great work. Founded in 2001, OneFamily provides much needed support and a wide variety of therapeutic programing to thousands of terror victims throughout Israel on a daily basis. Here in Canada, every summer, OneFamily also welcomes dozens of youth affected by terror to a variety of uniquely Canadian summer camp experiences in Ontario.
These videos will give you a much better sense of what they are all about:
Hero Among Us: https://vimeo.com/272598114
Faces of Hope: https://vimeo.com/218611801
We are honoured and excited to be working with OneFamily, helping them raise money in support of their important work. |
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Weizmann Canada is part of a worldwide network of supporting organizations for the Weizmann Institute of Science, in Rehovot, Israel.
The Weizmann Institute is one of the world’s leading multidisciplinary research institutions. Hundreds of scientists, laboratory technicians and research students embark on fascinating journeys into the unknown. Every day, these researchers attempt to push the limits of scientific knowledge, exploring the Earth’s mysteries and making the world a better place.
Since 1964, Canadian supporters have helped fund some of the world’s most talented scientists who are conducting cutting-edge research, which has a major impact on the world we live in.
We are delighted to be working with such a world-changing institution. |
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| Canadian Magen David Adom for Israel (CMDAI) |
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Magen David Adom (MDA) is Israel's National Emergency Medical & Blood Service. The name means "Red Shield of David"
Since 1976, Canadian Magen David Adom for Israel has been the sole authorized fund-raising organization in Canada dedicated to supplying ambulances, medical equipment and blood testing kits to support lifesaving efforts in Israel. All of CMDAI's assistance to MDA is made possible solely through the donations of generous Canadians.
We look forward to escalating the fundraising in Canada. |
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Need a Keynoter, Host or Moderator? |
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Mark is an engaging, passionate and authoritative speaker with the ability to break down charitable giving strategies and make them less complex for donors, fundraisers, and estate planning professionals.
He is a sought-after speaker in Canada and the United States for insurance industry and non-insurance events.
All speaking fees are paid by event sponsors directly to the charitable causes we designate. We are delighted to have raised hundreds of thousands for great causes.
Contact us |
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Our charitable activities include the design and development of charitable giving programs for many non-profit organizations.
We are available to speak to individuals or groups about the substantial tax benefits available to charitable people.
Do you know an individual or organization who would benefit from meeting us?
Please Contact us to assist with your favourite charity.
We’d love to help.
Thanks in advance for sharing this with members of your network.
They can subscribe to receive this newsletter directly by clicking here. |
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We are very excited about the year ahead and look forward to helping more organizations raise more money from more people.
Don’t hesitate to contact us if we can help you too.
Take care and have a great winter!
Mark Halpern |
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Mark Halpern, CFP, TEP
Certified Financial Planner
Trust & Estate Practitioner
210-600 Cochrane Drive
Markham, Ontario L3R 5K3
(905) 475-1313
info@WEALTHinsurance.com
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