Impact Account
Free to open and use
Charitable Impact doesn't charge sign-up or transaction fees for Impact Accounts. And, when you give from your Impact Account, more money can get to charities.
Processing fees from banks and credit card companies
Banks and credit card companies charge charities, including Charitable Impact, a fee to process donations.
Charitable Impact doesn't set or benefit from processing fees, but we do recover them. When you add money to your Impact Account, the bank or credit card company charges a fee to Charitable Impact to process the transaction. Later, when you give to charities, the charity receives your gift minus the processing fee charged to Charitable Impact by the bank or credit card company.
More money can get to charity when you give with Charitable Impact
The processing fee we recover from gifts is often lower than what a charity would pay for their own bank or credit card company to process gifts from donors.
Because of the large number of people using Charitable Impact to give, we're able to negotiate lower processing fees with banks and credit card companies. This means more money can end up in the hands of charities when you give from your Impact Account.
Processing fees don't affect your tax receipt
You'll receive a tax receipt for 100% of the amount you add to your Impact Account.
What are the processing fees charged by banks and credit card companies?
You'll see the specific processing fee charged by banks and credit card companies when you send gifts to charities from your Impact Account. This fee is often lower than what the charity would pay their own bank or credit card processor to accept a gift directly from a donor.
Processing fees vary depending on the payment method originally used to add the money you're giving. The most common way of adding money to an Impact Account is by credit card, and the fee set by Charitable Impact's credit card processor is 2.8%—lower than most other charity websites.
Learn more about feesCharitable investment and non-cash assets
With Charitable Impact, you can choose to Donate & Invest, Donate & Give, or a combination of both. In each case, you can take advantage of immediate tax benefits while enjoying more time and space to plan your impact.
Donate & Invest
Donate and invest a wide range of assets, potentially growing the value over time while you decide which charities to support.
Donate & Give
Donate non-cash assets and liquidate them now to fund your Impact Account, from which you can give to the charities of your choice whenever you like.
Securities, cash, and more
We accept a wide range of assets for donation:
- Cash
- Publicly traded securities
- Private company preferred shares
- Real estate
- Life insurance
Fees: publicly traded securities and private company shares
Charitable Impact offers the lowest cost of any advisory-managed donor-advised fund in Canada. Fees do not impact the tax receipt, which is determined by the fair market value of the assets at the time of donation.
| Donate & Invest: account balance, or Donate & Give: donation value | Fee* |
|---|---|
| First $1,000,000 | 0.50% |
| Above first $1,000,000 | 0.25% |