At Navarro Financial Group, we’re a values-driven organization with values-driven clients. For 10 years prior to financial services, Richard served with World Vision Canada, raising funds and bringing awareness to their relief and development projects. We understand the desire to maximize the positive impact of your wealth. We offer specialized, tax-smart solutions designed to amplify your charitable giving while reducing your tax burden.

Giving via Permanent Life Insurance

Name a charity as the beneficiary or donate an existing permanent life insurance policy. Create a substantial legacy, gain immediate tax benefits, and leave a lasting impact. If you're looking to create a significant charitable legacy without impacting your current cash flow, this is an easy way to do it.

Charitable Gifting with T-Series Mutual Funds

We often use Fidelity T-series mutual funds for tax-smart retirement income. These mutual funds achieve this by deferring the capital gains they incur. That means that when you’ve taken income for 10+ years and all that’s left is the capital gains, you can donate these funds over to a charity. In doing so, you eliminate the accrued capital gains, and you receive a tax receipt for the whole amount. Your single donation gets you two major tax benefits.

Donor Advised Funds (DAFs)

Mackenzie DAFs simplify your giving. You can contribute assets (cash or other) now, receive an immediate tax receipt, and then direct the Fund to send donations to charities of your choosing, at your own pace. Funds are invested in mutual funds and grow tax-free, maximizing long-term impact - even after you’ve passed away.

Put It All Together

The above strategies can all work together, but they can also work as an interconnected plan, further magnifying their benefits. To do that, you need advisors with the expertise and licenses to cover the whole picture. That’s our specialty.  Reach out to us today to discover how we can enhance your giving impact and optimize your financial strategy.