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50 BCBUSINESS.CA SEPTEMBER 2023 to the causes they care about outside of what they want to leave to their loved ones." Nicola Wealth has been "doing well by doing good" for more than 26 years. It was one of the first financial firms to start a donor-advised and public foundation account. Today, Nicola Wealth has Canada's largest donor- advised fund among private investment council firms, and the fourth largest when larger firms, like banks and insurance companies, are factored in. "We were early in doing that, so by creating internal expertise, we can use that fund as a vehicle our clients can use to give to the community," Sung says. VANCOUVER FOUNDATION Legacy donations are important to Vancouver Foundation, because they are important to the community. From the donor's perspective, many individuals want their stories and values—their legacies—to endure. "This final expression of giving by establishing a donor advised fund is a way we can play a role in pre- serving that legacy," says Craig Hikida, vice-president, donor services at Vancouver Foundation. From the charity's perspective, one or several organizations close to the donor's heart will receive ongoing support long into the future and will be strengthened by this act of generosity for generations. "Planning to make a charitable gift from one's estate may be one of the most selfless acts one can perform," Hikida says. "After all, you won't be able to witness the wonderful work that will transpire from it." He adds that because the wealth to make these donations may have taken a lifetime to accumulate, many prefer this type of donation not all spent down at once. "Vancouver Foundation can provide you with a variety of options so that your donation can endure for many years, or even forever," Hikida says. "Wealth generated over your lifetime can support a charity throughout their lifetime and can help them tackle issues or events we can't predict at this time." Vancouver Foundation leverages essential relationships with allied professionals, such as wills and estate lawyers, life insurance professionals and financial planners C R E A T E A L E G A C Y SPECIAL FEATURE VANCOUVER FOUNDATION " Our advisors council our clients on how to maximize their contributions to family and the causes they most care about. That can be done effectively by helping clients set up a private foundation, long-term giving through a public foundation or a donor-advised fund. " –DAVID SUNG Nicola Wealth president David Sung, Nicola Wealth