← Back to comparison
Advisor/Firm Programest. 2006 · Toronto, ON

Mackenzie Charitable Giving Program

You can open this if: you're a Mackenzie Investments advisor network client.

For donors already invested with Mackenzie. Keep your Mackenzie advisor and stay within the Mackenzie fund family while adding a charitable giving account. Ten portfolio options across conservative to growth mandates.

Built by or for a specific bank or wealth firm. You come in through your existing firm relationship.

Cost calculator

Estimate fees for your scenario. Grants are never reduced by fees — fees apply after each year's granting.

Total fees over scenario
$30,737
16.2% of contributions
Granted to charities
$68,839
Your giving over the horizon
Ending balance
$155,985
Effective rate: 2.35% at $100K · 2.35% at $1M
See year-by-year breakdown
YearContributionGrowthGrantedFeesEnd balance
1$100,000$5,000$5,250$2,344$97,406
2$10,000$5,370$5,639$2,518$104,620
3$10,000$5,731$6,018$2,687$111,646
4$10,000$6,082$6,386$2,852$118,491
5$10,000$6,425$6,746$3,012$125,157
6$10,000$6,758$7,096$3,168$131,651
7$10,000$7,083$7,437$3,320$137,977
8$10,000$7,399$7,769$3,469$144,138
9$10,000$7,707$8,092$3,613$150,139
10$10,000$8,007$8,407$3,754$155,985

Minimums

To open a DAF$10,000
Per grant$250
Subsequent contribution$500

Granting rules

FrequencyQuarterly (Mar 1, Jun 1, Sep 1, Dec 1)
Max grants/yearUnlimited
Capital encroachmentPermitted
Disbursement rule5% minimum
First-year restrictionsMax 25% granting in first 12 months (10% if DSC)

Assets accepted

  • Cash
  • Public securities
  • Mutual fund units
  • Life insurance
  • Segregated funds

Scale & activity

From T3010 CRA filing · FYE 2024-12-31

Total DAF assets
$510.4M
Annual grants
$32.9M
Actual payout
6.4%
DAF accounts
3,386
Avg. account
$150,740

CRA registration 802678748RR0001. Payout rate is actual grants divided by total assets over the filing period — a real-world indicator that can differ from the provider's stated disbursement policy.

Fee structure

Admin fee tiers

Balance rangeRate
$0K – $2.5M0.55%
$2.5M+· Negotiable above $2.5M—

Investment fee tiers

Balance rangeRate
$0K+· Typical Series A management fee + fixed admin fee for balanced portfolio (1.60% MF + 0.20% admin)1.80%

0.55% charitable admin fee plus Mackenzie fund management fee (1.30%-2.00%) plus fixed administration fee (0.20%). All-in typically 2.05%-2.75% for Series A. Private Wealth Series available at $100K Mackenzie holdings across household.

Also consider

Advisor/Firm ProgramIG Wealth Management Charitable Giving Program

For donors already working with IG Wealth Management or IG Private Wealth Management. Keep your IG advisor and stay within the Investors Group fund family while adding a charitable giving account. Shares the Strategic Charitable Giving Foundation infrastructure with the Mackenzie program (both are IGM Financial subsidiaries).

Advisor/Firm ProgramNicola Wealth Private Giving Foundation

For existing Nicola Wealth clients. No additional DAF-specific administration fees; the Foundation's costs are absorbed into the broader wealth management relationship. Legacy advisors assist with charity selection and integrate giving with your financial and tax planning. Note that Nicola Wealth's standard AUM fees (1.25% on the first $1M) apply to the full client portfolio, including DAF assets. Reports $39.5M disbursed to 1,000+ charities across 529 DAFs in 2024.

Advisor/Firm ProgramTD Private Giving Foundation

For donors already banking with TD. Keep your existing TD Wealth relationship and add a charitable giving account alongside it. The only major Canadian bank that operates its own in-house charitable foundation, rather than using a third-party wholesale provider.

Data sources

Confidence: Published on provider site · Last verified 2026-04-21

Value proposition authored by WellFunded