Philanthopy and Legacy
The creating of a legacy is not just about the size of an estate left behind by a testator. A publication of Imagine Canada entitled Philanthropic Success Stories details the nature of philanthropy and gives all of us pause to consider how best to create a lasting legacy. As the authors note, philanthropy is best defined by heart, time and spirit rather than one's bank account balance.
Imagine Canada is a charitable organization which has as its mandate the fostering of non-profit and charitable causes. The authors of Philanthropic Success Stories observe that Philanthropists (in the traditional sense) are being replaced by people better defined as: "champions, advocates and volunteers" The authors specifically note that philanthropy is being pushed out in new directions that embrace such adjectives as: risk-taking, pioneering, innovative, and being "ahead of the curve."
As an example, the authors refer to the Caledon Institute of Social Policy which is credited for spearheading, among other things, the implementation of the National Child Benefit.
Have a great weekend!
David M. Smith
David M. Smith - Click here for more information on David Smith.
