publication date: Dec 5, 2011
Despite a volatile market, 71% of Canadians plan on donating
the same amount or more compared to last year.
These results from an online October poll were released by BMO Harris Private Banking
National Philanthropy Day in November.
The study, conducted by Leger
, found that in the past 12 months, Canadians gave an average of
$487 to charitable organizations. However, the report also found that 54% of
Canadians don't have a strategy when donating, and instead give on an ad hoc
"It is encouraging to see Canadians giving despite the
current economic environment," said Marvi
, vice-president & managing director of philanthropic services,
BMO Harris Private Banking. "However, I do encourage those that donate to sit
down with a financial professional and develop a giving strategy that can
become part of a financial plan, including a disciplined and strategic
examination of goals, objectives, interests and options."