Terra's planned charitable donation strategy utilizes favourable tax legislation for flow-through shares and charitable donations. For an investment in our flow-through limited partnership, investors receive favourable tax deductions and tax credits. Donating this investment at a future date to a registered charity provides additional tax savings in the form of a donation tax credit.
Terra Funds in conjunction with TerraTundra Foundation offers a simplified and tax-smart approach to charitable giving using a flow-through limited partnership. This approach may be used to fund multiple cash grants to charities that otherwise are not equipped to accept a flow-through donation directly or cannot accept this type of donation in a timely manner.
By combining the Terra Foundation FTLP with the TerraTundra Foundation Giving Program, investors can utilize a tax efficient method for (1) obtaining up to twice the tax deductions in a tax year as compared to other flow-through offerings or arrangements; and (2) making a charitable donation to charities of their choice simply and effectively through a donor-advised account.
In addition to the tax savings provided, the TerraTundra donor-advised account provides donors advisory privileges that include the ability to recommend investment choices of charitable assets, grow these assets and request grants to favourite charities over time. This donor-advised account also permits donors to establish a legacy of giving for many years.
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