Interview Opportunity - Canadians Gave 5.3 Per Cent Less in 2008 - BMO
Retirement Institute Report Shows How Your Giving Can Weather any Financial

TORONTO, Nov. 16 /CNW/ - According to a Statistics Canada report released today, donations surpassed $8.1 billion in 2008, down 5.3 per cent from 2007. However, a BMO report suggests that despite this decline, majority of Canadian boomers plan to increase or maintain their level of charitable giving in the next five years.

Those who build charity into their budget or financial plan are more likely to maintain their level of giving during an economic downturn. Similarly Canadians who plan their donations around family values tend to support the same organizations repeatedly over time.


    -   Discuss recent BMO Retirement Institute Report
    -   Nearly half give on impulse without a plan or budget; how to build
        philanthropy into your budget?
    -   How to ensure you are contributing during an economic turndown
    -   What are the trends and attitudes taking shape among boomers in terms
        of giving?


    -   Tina Di Vito, Director, Retirement Strategies, BMO Financial Group
    -   Marvi Ricker, VP and Managing Director, Philanthropic Services, BMO
        Harris Private Banking


    the Recession - But Plan to Make Up for it in the Next Five Years

    Key findings of a new BMO Retirement Institute report entitled The
Evolution of Giving: From charity to philanthropy:

    -   Survey shows Canadian boomers want to be smart with their giving,
        however, nearly half donate on impulse, without a plan or budget
    -   More than four out of five boomers cite charitable giving as a
        rewarding and educational family experience, but only 15 per cent
        involve their children in the decision making process
    -   Only 1 per cent involve a financial advisor in planning for
        charitable giving
    -   While most Canadian boomers - 82 per cent - plan to increase or
        maintain their level of charitable giving in the next five years,
        with the majority saying they would do so regardless of the economic
        climate, half are only 'somewhat satisfied' with their current way of
    -   Boomers today want to be involved and want to have a level of control
        over how their contributions are utilized. Unlike their parents, who
        have tended to bequeath their donations, boomers are giving during
        their lifetimes, so that they can see what impact their donations are
    -   The number one reason for donating for 68 per cent of respondents is
        "To make a difference in a cause I believe in"
    -   Majority of respondents, 94 per cent, indicated it is important for
        them to give to charities that serve local causes
    -   Almost one in three who donated money to charity within the last
        12 months also raised money or volunteered for a charity.

Visit for a copy of the report.

BMO's podcast features Tina Di Vito and Marvi Ricker discussing findings from the Institute report, along with examples of how some Canadian families approach charitable giving:


For further information: For further information: For news media inquiries, please contact: Kasia Lech, Toronto,, (416) 867-3996; Ron Monet, Montreal,, (514) 877-1101; Laurie Grant, Vancouver,, (604) 665-7596; Internet:

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890