The Spark

Charitable Giving – It’s Not About the Taxes

4 December 2024
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Categories: JA SWO Articles, The Spark

When I was in my teens, my grandmother told me that she and my grandfather sent money ‘home’ (to Ireland) as soon as they were married. Grandma Lily had come from Ireland at the age of twelve

 on a boat by herself and began working as a housekeeper in the early 1900’s. I could not imagine how much money they would have had when they married. I asked her why they would do this, and her answer was so simple it still brings a tear to my eye today, “We had more than they did.” 

I was blessed to be raised by charitable people who consistently gave back. While I am not rich, I too have more than many and believe strongly in being part of the fabric of society that makes it richer. 

Seldom over my decades long career have I asked a donor the reason for their generosity to a given charity and heard “it will save me money on my taxes.” Sure, for some donors, the gifts they give certainly impacted their taxable income, but that is not the driving force.  

Charity is the ‘benevolent goodwill toward, or love of humanity.’ Nowhere does that mention receiving anything in return.  

People give to specific causes for many reasons. Often, they have a love of animals, have used that service themselves, i.e. hospital or food bank or are an alumnus i.e. university or Junior Achievement! 

But things are getting tougher for non-profits. 

According to The Giving Report 2024 – Canada Helps.org, for the eleventh consecutive year, the number of Canadians making charitable donations has decreased.

 Over that time, Canada Revenue Agency tax filer data shows donation rates declined from 23.4 percent in 2010 to 17.7 percent in 2021. Similar findings were also highlighted which reveals that giving participation dropped from 82 percent in 2013 to 60 percent in the 2023 survey. 

With more Canadians than ever relying on charities for basic needs such as food, shelter, health services, and education the current Canada Post strike is poised to have a direct impact on charities across the country.  The Association of Fundraising Professional surveys say that many charities receive at least half of their annual donations during the final three months of the year, with December being the most pivotal month, creating additional challenges for charities. 

Charities cannot wait for strikes to settle to deliver on their mission and hope that donors will investigate new methodologies for giving including on-line through the charity’s website, third party platforms such as Canada Helps, or Gifts of Securities through their advisor.  

What remains constant is that as the holidays approach, and so too the end of 2024, it is time to reflect on what this year was, and what is possible for the next.  

Giving can look quite different for each of us. Financial contributions come in different amounts and for some individuals, gifts of time are the only possibility. Whether it is time, talent, or treasure, every gift you make this holiday season will have an impact on the community you live in. Think about what you want that impact to be. 

As Dalai Lama said, “Generosity is the most natural outward expression of an inner attitude of compassion and loving-kindness.” 

Here are just a few ideas: 

  1. Sign up to deliver a JA learning experience to a classroom full of eager students either alone or through your company
  2. Donate to ensure a student has access to a JA learning experience
  3. Check in on a neighbour who may not have family close by. 
  4. Invite a friend you have not seen for some time out for coffee. 

Whatever you choose, I hope that your gift will leave you with a feeling of warmth in your heart.  

Wishing you and yours the best of the holiday season. 

Heather J. Scott, CFRE
Director, Philanthropy
JA South Western Ontario

The deadline to make a charitable donation to JA South Western Ontario is December 31, 2024. DONATE TODAY. 

Financial Health: Let’s Talk About It

20 November 2024
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Categories: JA SWO Articles, The Spark

When I was growing up, money referred to the bills and coins you had in your wallet (or piggy bank).  Young people today are less familiar with physical currency, but their need to understand financial health concepts is the same.  November is a great time to talk about money, since it’s Financial Literacy Month. This year, the Financial Consumer Agency of Canada (FCAC) is focusing on breaking the taboo around talking about money.  It’s a perfect opportunity to highlight why it’s crucial for young people to learn about money from an early age.

Why Financial Literacy Matters for Young People

  1. Building a Strong Foundation: Understanding money management early on helps young people develop a solid foundation for their financial future. It equips them with the skills to make informed decisions about saving, spending, and investing.
  2. Avoiding Debt: Financial literacy can help young people avoid common pitfalls like credit card debt and student loans. By learning about budgeting and the importance of living within their means, they can steer clear of financial traps that can lead to long-term debt.
  3. Empowering Independence: Knowledge about money fosters independence. Young people who understand financial concepts are better prepared to handle their finances when they move out, start working, or pursue higher education.
  4. Encouraging Smart Investments: Early financial education can spark an interest in investing. Understanding the basics of investments, such as stocks, bonds, and mutual funds, can lead to smarter financial decisions and wealth accumulation over time.
  5. Promoting Financial Confidence: Discussing money openly can boost financial confidence. FCAC’s research shows that talking about money increases financial confidence, which can lead to more
  6. positive financial outcomes. This is especially important for young people as they navigate their financial journeys.

How to Get Started

  • Talk About Money: Encourage open conversations about money at home. Discuss budgeting, saving, and the importance of financial goals.  Share tips that have helped you over the years (Mine? To help you stay on a budget, pay for things like groceries, gas, etc with cash.  You’ll be less likely to overspend)
  • Use Resources: Take advantage of the tools and resources available through Junior Achievement https://jaswo.org/quick-inspirations/ . These can provide valuable insights and practical tips for managing money.
  • Set Goals: Help young people set realistic financial goals. Whether it’s saving for a new gadget or planning for college, having clear goals can motivate them to manage their money wisely.

Conclusion

Financial Literacy Month is a reminder of the importance of financial education, especially for young people. By equipping them with the knowledge and skills they need to manage their finances, we can empower the next generation to achieve financial success and independence.

Karen Gallant
President and CEO
JA South Western Ontario

Interview from the C-Suite: Larry Myny

19 November 2024
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Larry Myny

Briefly describe your work journey that led to where you are today?

My professional journey began with 18 months in farm sales, where I gained valuable experience selling grain, fertilizer, and seed. This initial role allowed me to develop a strong understanding of agricultural commodities and their market dynamics. However, I eventually decided to pursue other interests that would lead me to greater challenges.

I then became the youngest commodity broker in North America, dedicating the next 8 to 10 years trading commodities primarily with hedging client’s financial risks. I managed several portfolios, thriving in the fast-paced and high-pressure environment that the commodities market demands. My career started at Merrill Lynch, where I honed my trading skills and learned the intricacies of the financial markets.

Recognizing the need for a shift, I transitioned to a retail-focused role, as I realized the life expectancy of business relationships in the commodities sector is often short-lived and leads to a lack of fulfillment. Seeking a better work-life balance, I moved into the parent company part of sales and focused on building a retail business. By 1996, I had fully transitioned away from commodities, concentrating on expanding my client base and establishing long-term business relationships with individual investors.

Throughout my career, I have remained passionate about the markets and genuinely enjoy working with people to help them achieve their financial goals.  I believe in simplifying the investment process and creating tailored strategies that align with my clients’ objectives . This approach has allowed me to build a successful retail business while fostering meaningful client connections.

 

Knowing JA’s three pillars of financial health, work readiness, and entrepreneurship, how do you think being involved in JA learning experiences in your own schooling would have made a difference in your career?

If I’d had been involved with JA in high school it would have exposed me to areas of business that I had no experience with at that age.  Coming from a family tobacco farm it was the path I assumed I would continue. However, after taking specific business classes (financial statements, marketing etc.) and taking a trip to the Toronto Stock Exchange, I was inspired to start in the financial industry. Exposure = education.

 

What do you think has been the key to your success?

What my father taught me!  Set a target – work hard.

One of the most important lessons my father taught me is the value of hard work. He always emphasized that nothing worthwhile comes easy, and the key to achieving a goal is to dedicate yourself fully to the task at hand. My father instilled in me the importance of setting clear targets and working diligently toward them.  Whenever I face challenges, I remind myself to focus on my goals and make the necessary effort to reach them. This mindset has been instrumental in my journey, shaping my approach in both my professional and personal life. By working hard and staying committed to my targets, I have learned that perseverance and determination can lead to success in whatever I choose to pursue.

 

If you could do one thing differently in your career, what would it have been and why?

I would not change anything in my career as all the ebbs and flows in this industry have brought me to where I am today.

 

What advice would you give young people starting out in business?

Pressure is a privilege!  Starting off in any career will not be a 9 to 5 position should you want to excel and succeed. Roll up your sleeves and jump in. Having and keeping connected to multiple mentors is a necessity. Realize that stress is a part of life.

 

What do you think a young person’s biggest opportunity is at this time? 

You can always work harder than your competition.

 

What do you think the biggest obstacle is for a young person today? How could they overcome this?

I was born with an extremely busy brain so I had professionals and consultants help me learn that it was a gift, not a curse.  They all played a critical part in helping me overcome and learn to focus, hence being more efficient with my time and organizational skills.  Having a great assistant and staff that have been loyal and part of the team for over 30 years were key factors in my success.

Having clear cut vision and written goals (1 yr, 5 yr and 15 yr plans).  Learning work ethic and going above and beyond. Being patient with the process and learning as much as they can from everyone. Remember: Integrity follows you for life.

 

What is one goal you have set for yourself that you have not yet achieved? What has prevented you from achieving it?

So many great community leaders have been nominated to the Business Hall of Fame.  It would be an honor to be named to the Business Hall of Fame but because I am not technically an independent business person, I don’t qualify.

 

What is your biggest passion in life, outside of work?

Work to live, not live to work!  Spending time with family and friends. Sports (skiing, hockey, golf, fishing, motorcycle, boating, woodworking and adventure/extreme travel)

 

What three words would your family use to describe you? Are those three words the same or different that your employees would use? If different, what would your employees say?

Driven, compassionately committed and boundless energy.

 

If a young person reads this interview, what do you want them to take away from it?

Success is achieved by those who go get it. Be focused, driven, and not afraid to stand out from your peers. Be open to volunteering and helping in the community and those around you.  Do not fear failure as failure is a part of success.

 

Who has been your greatest inspiration/role model/mentor? Why? What did they teach you?

My father and mother played a vital part in my success, passing on their work ethic, values and reiterating that challenges are what make you grow.  Another couple, who I admire and have inspired me through their philanthropy, are people with great integrity and incredible values. I believe having people like this in my life reinforces my own values.

I have clients who are professional athletes and have always been in awe of their dedication to their goals. It takes grit, perseverance and mental stamina to succeed as a professional athlete.

 

What is your earliest memory of philanthropy? Why do you believe being philanthropic is important personally and/or in your business?

A six-year-old boy who did not have a father present in his life was a child that I took under my wing and in a sense, adopted. To this day I am like a father to him and a grandfather to his children. This young boy ended up getting a Master’s in Education, is a great son, father and husband. He is family and I consider him my son.

I have always chosen specific organizations to support with my time and money. It started with the United Way where I spent 22 years on fundraising campaigns and helped raise a significant amount of money.  I have been on numerous Boards and volunteered with many worthwhile causes, over the years.  I’ve watched closely and learned from the philanthropic efforts of past and present community leaders such as those who have been honoured in the Business Hall of Fame .  All have the same mindset; it is each of our responsibilities to give back.  Giving back is high on my priority list and part of my Christian beliefs.

 

What is it about JA’s mission that makes you choose to support its efforts?

I have supported JA for over 30 years and fully support the JA mission. JA offers students hands-on learning, teaching economics, networking, the importance of community involvement and so much more. Students flourish when they are involved with JA. They are exposed to great mentors and people they can aspire to be.  These students are our future leaders.

Interview from the C-Suite: Adam Davis

19 November 2024
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Categories: News, The Spark

Briefly describe your work journey that led to where you are today?

I founded Next Dimension 27 years ago with two business partners, starting out in a customer’s warehouse on Hawthorne Blvd. Back then, we had just one client, our personal PCs, and a mission to deliver outstanding IT support to businesses in the city. We didn’t have all the answers at the time, but we knew that if we provided exceptional service and built strong relationships, our business would grow. Those early years meant 80-hour work weeks and sacrificing time with family and friends to establish a customer base large enough to expand our team. While the range of services we offer has evolved over the years, our commitment to building lasting client relationships has remained unchanged.

Knowing JA’s three pillars of financial health, work readiness, and entrepreneurship, how do you think being involved in JA learning experiences in your own schooling would have made a difference in your career?

I strongly believe in teaching financial health to young people. Like many young Canadians, I didn’t fully grasp the importance of saving or how to make my money work for me. I used to think that if I could afford the payments, it was okay to make the purchase. If I had understood the benefits of saving and investing earlier, I would have saved more and taken advantage of compound interest, achieving financial freedom much sooner

What do you think has been the key to your success?

Having a plan and never giving up is key. It’s about deciding what you want, figuring out how to achieve it, and then putting in the blood, sweat, tears, and most importantly time to make it a reality.

If you could do one thing differently in your career, what would it have been and why?

I would have sought out a mentor in a similar business to gain guidance, rather than constantly learning things the hard way. While making mistakes and experiencing failure can be valuable, it’s often better to learn from someone else’s missteps and have a sounding board to talk through challenges.

What advice would you give young people starting out in business (your industry or any other)?

When starting out in business, my biggest piece of advice is to never give up. The journey will be filled with obstacles, setbacks, and moments of doubt. It’s easy to get discouraged, especially when things don’t go as planned. However, success in any industry requires perseverance and resilience.

Challenges and failures are part of the process, and each setback is an opportunity to learn and grow. Keep your vision in mind and push through those tough times. Remember, every successful businessperson has faced failure at some point. What sets them apart is their unwavering determination to keep moving forward, learn from their experiences, and adapt.

So, stay persistent, keep refining your skills, and don’t let temporary failures define your path. The most rewarding achievements come from pushing through the hardest moments.

What do you think a young person’s biggest opportunity is at this time?

A young person’s biggest opportunity right now is time. They have the luxury of time to explore, experiment, and figure out what truly excites them. With fewer obligations and more flexibility, they can afford to take risks, make mistakes, and learn from them without the pressure that often comes later in life.

This period is a chance to try different paths, build skills, and make adjustments as needed. It’s about investing time in understanding their passions, honing their craft, and developing a strong foundation for future success. The ability to spend this time learning, growing, and iterating is invaluable. By using this time wisely, young people can set themselves up for long-term success in whatever path they choose.

What do you think the biggest obstacle is for a young person today? How could they overcome this?

The biggest obstacle for a young person today is often raising the necessary capital and finding talented individuals who share their vision. Access to funding can be a major hurdle, as many young entrepreneurs may lack the track record or connections that attract investors. Additionally, building a team of talented individuals who are equally passionate about the vision can be challenging, especially when resources are limited.

To overcome these obstacles, young entrepreneurs need to start by building a strong network. Attend industry events, join entrepreneurial communities, and leverage social media to connect with potential investors, mentors, and collaborators. A well-crafted, compelling story behind their vision can also go a long way in attracting both investors and team members who believe in the mission.

What is one goal you have set for yourself that you have not yet achieved? What has prevented you from achieving it?

One goal I have set for myself that I have not yet achieved is continuing to grow the business by building and mentoring a strong team to help drive that growth. While I’ve made progress, I haven’t yet fully established a team that can independently take on key roles and responsibilities.

The main challenge has been finding the right talent—individuals who not only have the necessary skills but also share the vision and values of the business. Additionally, balancing the time between daily operations and dedicating enough time to mentor and develop the team has been difficult.

To overcome this, I am working on refining my hiring process to better identify candidates who align with the company’s mission and investing more time in training and mentorship. I believe that building this team is crucial to scaling the business and achieving long-term success.

What is your biggest passion in life, outside of work?

My biggest passion in life outside of work is spending quality time with my wife and family. We love to explore new places together, whether it’s traveling to exciting destinations or enjoying our favorite pastimes. Motorcycle riding in the mountains of Tennessee offers an exhilarating escape, while power boating on the Great Lakes and the North Channel provides a serene yet adventurous experience. Long drives on hot summer days in our convertible are also a cherished way for us to relax and enjoy each other’s company.

What three words would your family use to describe you? Are those three words the same or different that your employees would use? If different, what would your employees say?

Dedicated, Hardworking, Focused

If a young person reads this interview, what do you want them to take away from it?

If a young person reads this interview, I want them to take away the importance of hard work and perseverance. Success doesn’t come easily; it requires dedication, resilience, and a willingness to overcome challenges. By staying committed to their goals, putting in the effort, and never giving up, they can achieve anything they set their minds to. Remember, every obstacle is an opportunity to learn and grow, and with determination and persistence, the possibilities are endless.

Who has been your greatest inspiration/role model/mentor? Why? What did they teach you?

My greatest inspiration has been Bill Gates. His work with Microsoft, particularly the development of Windows, fundamentally transformed how the world works and interacts with technology. What impresses me most is how he didn’t just stop at creating groundbreaking products but also shifted his focus to philanthropy through the Bill & Melinda Gates Foundation.

Gates has taught me the importance of using one’s success and resources to make a positive impact on the world. His transition from technology to global health and education initiatives demonstrates that success can be leveraged for greater good, and it encourages me to think beyond personal achievements and consider how I can contribute to broader societal progress. His journey underscores the value of innovation, commitment to excellence, and the power of giving back.

What is your earliest memory of philanthropy? Why do you believe being philanthropic is important personally and/or in your business?

I’ve always felt that giving back is both the right thing to do and deeply rewarding. Over the years, I’ve made it a priority to support events, programs, and charities that benefit the youth in our community. Early on, shortly after starting our business 27 years ago, our initial sponsorships were directed towards the Teen Health Center in downtown Windsor.

What is it about JA’s mission that makes you choose to support its efforts?

What draws me to support Junior Achievement of Southwestern Ontario’s mission is their commitment to empowering our youth. I firmly believe that the young people of today are the leaders of tomorrow, and investing in their education and development is crucial for shaping a brighter future. Junior Achievement’s programs equip students with essential skills, knowledge, and confidence, preparing them to succeed in both their personal and professional lives. Supporting their efforts aligns with my belief that nurturing and guiding the next generation is one of the most impactful ways we can contribute to the future of our community and beyond.

From Bias to Breakthrough – My Lightbulb Moment about AI

13 September 2024
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Categories: JA SWO Articles, The Spark

At a recent Town Hall meeting hosted by JA Worldwide, I had a bit of a light bulb moment about Artificial Intelligence and what it could mean for future careers. 

First, let me say when it comes to openness to AI, I’m probably about middle of the road. I have many (many!) fears about how AI will impact us in the future, but I can also see its benefits in different areas. I’ve dabbled a bit with the more recent generative technologies, but certainly have a lot more to learn. 

JA Worldwide has taken a much more forward-thinking approach. They recognize that AI is here to stay and feel it’s better to get on top of its potential uses to best support our mission to inspire and prepare youth to succeed in a global economy. No matter how we may personally feel about it, AI will certainly be a big part of the future. As a youth-serving organization, we owe it to today’s students to be proactive in our understanding and sharing of resources to prepare them for what’s to come. 

Back to my lightbulb moment: At this Town Hall, we had a terrific presentation from Amanda Bickerstaff, Founder and CEO of AI for Education, which simplified much about AI and what it can and can’t do. Amanda showed us an example of bias, where an AI image generator was asked to create an image of a CEO. Predictably, the image generated was a white male in a suit in front a bar chart, in front of a boardroom of mostly white males. When the image generator was asked to create an “unconventional” CEO, it was the same white male in a more colourful outfit and more creative space. 

At first this was alarming. We still have so far to go to overcome systemic racism and gender bias that it feels overwhelming to contemplate our AI feeding these same stereotypes back to us. But as I thought further about this, recognizing that AI works based on the information given by humans, I realized the importance of the humans in the equation. We’ll need people in roles that help protect against bias in AI— and what an interesting and impactful job that would be. Jobs such as AI Ethicist or Bias Mitigation Specialist will begin to emerge alongside the more technical ones. 

For me, this realization underscored the critical role of AI education in shaping its future impact on society. If we work together, we can help our young people cultivate the critical thinking skills necessary to question and improve upon where we are today. By doing so, we can empower the next generation to become not just consumers of AI, but active participants in its development and ethical implementation. 

This also presents an exciting opportunity to diversify the field of AI. By encouraging students from all backgrounds to look into AI technology and consider careers in this field, we can help ensure that the teams developing AI systems are as diverse as the populations they serve. This diversity is crucial in combating the very biases we see reflected in current AI systems. 

While the challenges posed by AI are significant, they also present unprecedented opportunities for innovation and positive change. By preparing students for the future of AI, we can help shape a future where technology enhances human potential rather than limiting it. I believe the key lies in fostering a generation of critical thinkers who understand both the capabilities and limitations of AI, and who are committed to using this powerful tool to create a more equitable and inclusive world. 

If you’d like to learn more about AI, I highly recommend taking a look at the JA Worldwide AI Centre of Excellence,  which has fantastic resources for educators, students, and all of us. 

The Little Things Are The Big Things: JA Moments from 2023-24

28 June 2024
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As we finish out the school year, we wanted to pause to reflect on the work everyone involved in Junior Achievement gets to be a part of. Our Program Managers work with schools, teachers, volunteers, and students every day – putting together all of the moving parts that make our learning experiences happen. And they also get to see first-hand what a different a JA experience can make!

So we asked them each to share one impactful moment from this year – and of course because they’re wonderful people, they all gave us two! Enjoy…

Sheena Gosse
Program Manager
Waterloo Region, Wellington, Hamilton, Niagara

The first thing that comes to mind is when I had the opportunity to pilot our More than Money half day program. Going into those grade 4 classes and seeing the enthusiasm, the excitement, and the stories of all the little entrepreneurs out there and the different business they have started was one of most impactful memories this school year.

I also really enjoyed having the chance to deliver the Success Skills program this year. The students loved learning that they already possessed so many success skills, and really focused on what skills they were good at especially when we did the group paper tower building activity. So many natural leaders, I saw lots of good communication and team work throughout the activity. Watching the students work together to accomplish one common goal was always exciting to see. I really look forward to getting into the classroom again next year.

Mandy Deelstra
Volunteer Manager

I really enjoyed getting into the classrooms this past year and having the chance to deliver Dollar With Sense, Economics for Success and Success Skills. Even though some of the material seemed a bit daunting upon initial discussion, by the end of the day the students were begging for more quizzing on global currency, creating different budgets for events, asking for more challenges to work as a team, and of course play MORE Bingo.

I’ve met so many interesting people and prospective volunteers over the course of the last year. I feel excited and invigorated knowing that we will have such a great roster of mentors for the upcoming year and really look forward to all the new faces and amazing backstories of new volunteers to come.

 

Zoe Burness
Program Manager
Company Program and Camps

In Company Program, there was one student who was unsure if the program was for her, and asked at the beginning of the year about what kind of commitment the program required. By the end of the program, she was the team’s Vice President of Human Resources, won two in-company awards, and had 100% attendance!

When asked if the company’s shareholders would be happy with the end result of their company, one president responded with something like “if the shareholders were invested in the experience and learning of the students, they would be thrilled”.

 

Morissa Ewing
Program Manager
Windsor-Essex, Chatham-Kent, Sarnia-Lambton, Huron-Perth

I received an email from a teacher about a student who volunteered to deliver our financial literacy program at a youth resource organization. Despite his heavy school workload, he was well-prepared and delivered an exceptional full-day program. The participant feedback was amazing; one student said it was “the most important stuff I have learned”

At our World of Choices event in Sarnia, I had a teacher come up to me talking about what a great experience students were having. He mentioned one student who had known roughly what she wanted to do but hadn’t known a specific career in that field even existed until she came to the event. Now she thinks that’s what she wants to pursue!

 

Claudia Villatoro
Program Manager
Thames Valley (Middlesex, Oxford, Elgin), Brant Haldimand Norfolk, Bruce-Grey

I was delivering a program at a school and a student came up to me saying he was so excited that he was finally participating in the JA program since his sister had participated in the program the previous year. He said he was telling everyone about the program because he couldn’t wait to do all the activities that she did and he thought it was one of the coolest activities that he could do in school.

I had a student make a comment that she couldn’t believe how expensive it is to move out and live on your own after doing the budgeting activity in the Economics for Success program. She said she was going to use our goal and budgeting exercises to come up with a plan when she gets her first job in high school to save her money so she can afford to have everything she wants.

 

Thank you Program Managers! It’s thousands of these tiny moments that are changing lives all across South Western Ontario.

Legacy Giving

21 May 2024
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Categories: JA SWO Articles, The Spark

A message from Hilary Leitch, a partner in Business Law, and Wills and Estates at Lerners LLP:

When I think about legacy giving, estate planning in general is what comes to mind. Through my work as a Wills & Estates lawyer, I have come to believe strongly in the fact that estate planning is for everyone – regardless of financial means or family circumstances, everyone 18 years of age or older should consider their estate plan. Often, this includes a Will, Power of Attorney for Property and Power of Attorney for Personal Care, but it may also include more specific planning measures such as trusts. Regardless, if estate planning documents are kept in good order, it is a gift (or guide) to your family and friends should anything happen to you. While preparing documents at an early point in your life might appear straightforward, there is still lots to consider and to put into perspective. As life evolves and family dynamics change, you will need to be proactive in updating your documents in order to ensure a solid estate plan whatever the circumstances.

legacy givingBeyond appointing an executor to manage your estate, or naming family and friends as beneficiaries to receive your estate, in doing estate planning, you also have the opportunity to consider what kind of legacy you want to leave. Often, in reflecting on one’s legacy, charitable giving to organizations or to causes is top of mind. Through charitable giving, you can name a charity or charities to receive a portion of your estate, or to receive a cash gift from your estate. For some, including a charitable gift is an important way to continue charitable giving that they were involved in throughout their life. For others, it may be their first charitable donation – or perhaps a donation of an amount that is significantly more than what was given during their lifetime. In my experience, people are interested in charitable giving as a way to make a direct impact on an organization, a cause, or a particular community. Many have had a history with charitable giving through monetary and non-monetary means, but some may have very little experience with the organization prior to leaving a gift in their Will.

There are so many opportunities surrounding estate planning and legacy giving so it is important that people are intentional about what they want to accomplish with their estate plan. By including a legacy gift, one’s estate plan has the potential to make an incredibly significant impact. For young people considering their estate plan or legacy giving in particular, I would encourage them to find ways to volunteer their time and talent to organizations that they have an interest in, or to organizations devoted to causes they are passionate about. From there, it is likely you will find yourself wanting to make a financial contribution that is meaningful to you – and legacy giving may be the next step as your interest and familiarity with an organization grows. By having the continuum of charitable giving extend beyond your lifetime, you are able to pass on the commitment of charitable giving and, along the way, create meaningful relationships with those whom you are working alongside and with those whom you are entrusting your charitable giving to.

If legacy giving resonates with you, I encourage you to reach out to a legal professional to get started.

About the Author

Hilary Leitch

Hilary Leitch is a partner in Business Law, and Wills and Estates  at Lerners LLP. Read more about Hilary.

Every Moment Matters: Celebrating JA Volunteers

25 April 2024
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Categories: JA SWO Articles, The Spark

April is a special time across the country and especially at JA as we highlight a network of unsung heroes—JA volunteers. These remarkable individuals dedicate their time, skills, and empathy to empower our youth. They are the “secret sauce” of JA, making our learning experiences come to life.

Let me take a moment to elaborate on the “secret sauce” analogy…

volunteer in class

The Special Sauce of JA Volunteers

The Ingredients

Much like McDonald’s iconic Big Mac special sauce, JA volunteers blend a unique mix of qualities:

  • Time: Just as the secret sauce is meticulously crafted, our volunteers invest their precious time. They show up for every learning experience prepared to ignite curiosity and inspire dreams.
  • Skills: Like the perfect balance of tanginess and creaminess, our volunteers bring expertise. Whether teaching financial literacy or fostering entrepreneurial spirit, they enrich young minds.
  • Empathy: The special sauce wouldn’t be complete without a dash of empathy. Our volunteers listen, encourage, and uplift. They understand that every moment matters in a student’s journey.

The Impact

Remember that first bite of a Big Mac? Maybe you marveled at the flavour the secret sauce had. Similarly, JA volunteers have a profound impact in classrooms. Here’s what a few teachers had to say about JA volunteers who facilitated the Dollars With Sense and Economics for Success programs this year:

“I have used this program {Economics for Success} for a few years now. I personally really like volunteers coming into the classroom because the information, I feel, is more meaningful to the students coming from someone with expertise in a particular area. The program is always well-organized.”

“Having a JA Volunteer come into the classroom is an invaluable experience for the students. They bring a wealth of knowledge that is experience-based which helps the students understand how the information presented is used outside of the school environment.”

“I’ve always enjoyed the Dollars with Sense program. Great to have the volunteers back in the building!

So, here’s to you, JA volunteers! You’re the secret sauce—the magic ingredient that makes our learning experiences extraordinary. Thank you for all you do!

Lifting Each Other Up: International Women’s Day

28 March 2024
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Women supporting women

International Women’s Day was March 8th and I had the good fortune to attend several events to celebrate.

At the Smashing Barriers event organized by TechAlliance, Melissa Sariffodeen, CEO and Co-founder of Canada Learning Code, I was inspired by Melissa’s passion for teaching Canadians of all ages important digital literacy skills that are so vital in today’s workplace. I was also excited to learn that Melissa is a JA alumna, having completed Company Program in London. Another shining example of JA’s impact and outcomes!

At the Wilfrid Laurier International Women’s Day lunch, a panel of experts engaged in conversation around “Women Finding Housing Solutions for a Better Future”. Moderated by by Deborah MacLatchy, President & Vice-Chancellor, WLU, the panelists – Dr. Laura Pin, Acting Director of the Laurier Institute for the Study of Public Opinion and Policy; Jordan Prentice, founder of Kuponya Innovations; Sarah Gillies, Housing Stabilization and Interim Supports Manager, County of Wellington – shared their incredible work, particularly related to policy reform, that they’re undertaking to create a better future for women.

The final event of the week was the Greater KW Chamber International Women’s Day breakfast, where the theme was Inspiring Inclusion. Ren Navarro (B Diversity Group) was interviewed by Regional Chair Karen Redman about how she’s inspiring inclusion in a male-dominated industry.

As I reflect on these events as well as on International Women’s Day, I am extremely grateful for those in my life who’ve supported me. There have been wonderful mentors from diverse backgrounds as well as fantastic colleagues who have believed in me. I’ve benefitted from community supports and various programs to help the organizations I’ve led grow. Recognizing how helpful these have been and wanting to provide similar resources to women business leaders – especially our JA students – I’ve compiled a short list of possible resources below. I hope you find them helpful!

If any resources come to mind that I may have missed, please let us know at info@jaswo.org. The more we can support female-identifying individuals in their business endeavours and leadership roles, the more we’ll have a well-rounded inclusive society ready to make a difference in the world. Young girls need to see everything their mother, aunts, and family friends can do – and if we all share resources and ideas to lift each other up they will have that chance.

  • Karen Gallant
    President and CEO
    JA South Western Ontario 

Why RRSP Season Should Interest Teenagers (and How Junior Achievement Supports Early Retirement Planning) 

22 February 2024
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RRSP planning for teens

Retirement planning is too often considered a distant concern for teenagers, who are more focused on immediate priorities like school, social activities, and part-time jobs. However, in today’s economic landscape, starting retirement planning early has become increasingly important. With RRSP (Registered Retirement Savings Plan) season in full swing, it’s an opportune moment to discuss why teenagers should take an interest in retirement planning and how organizations like Junior Achievement are supporting youth in this endeavor.

  1. Understanding Long-Term Financial Goals: Teenagers are at a pivotal stage where they begin to envision their future careers and lifestyles. While retirement may seem far off, establishing long-term financial goals early on can significantly impact their financial well-being later in life. By understanding the importance of saving for retirement now, teenagers can set themselves on the path towards financial independence and security.
  2. Harnessing the Power of Compound Interest: One of the most significant advantages of starting retirement planning early is the power of compound interest. By starting to save and invest early, teenagers can take advantage of the compounding effect, where their money earns interest on both the principal amount and the interest already earned. This can lead to significant growth over time, even with relatively small contributions.
  3. Developing Financial Responsibility: Learning about retirement planning at a young age fosters financial responsibility and discipline. By budgeting for retirement savings alongside other expenses, young people develop crucial money management skills that will serve them well throughout their lives. Understanding spending, saving, and investing empowers youth.
  4. Adapting to Economic Uncertainty: Young people are not immune to the effects of economic uncertainty. As the cost of living continues to rise, without adequate retirement savings, teenagers risk facing financial insecurity in their later years. By starting to save and invest early, they can better prepare themselves to meet future financial challenges.

Note that there is no minimum age to open an RRSP. If a Canadian has employment income and files a tax return, they (or their guardian) may set up and contribute to an RRSP. The same is not true for tax-free savings accounts (TFSAs), which require a minimum of at least 18 years of age.

While the benefits of early retirement planning for teenagers are clear, the question remains: how can they access the necessary knowledge and resources to get started? This is where organizations like Junior Achievement (JA) step in.

Junior Achievement is a global nonprofit organization dedicated to empowering young people to succeed in the global economy. One of the key components of JA’s programs is financial literacy education, which includes topics such as budgeting, saving, and investing. Through a variety of learning experiences and resources, JA equips young people with the skills and knowledge they need to navigate the complexities of the financial world.

Through interactive classroom programs such as JA Personal Finance, real-world simulations like JA Investment Strategies, and online resources including JA’s Your Money Questions Answered modules, teenagers learn about the importance of starting early, the different investment options available, and the impact of compound growth on their retirement savings.

RRSP season serves as a timely reminder that retirement planning is not just for adults – even teenagers can benefit from starting to save and invest early. By understanding their own long-term goals, harnessing the power of compound interest, developing financial responsibility, and adapting to economic uncertainty, young people can lay a strong foundation for a prosperous financial future. It is more important than ever for young people to take control of their financial futures, and organizations like Junior Achievement play a vital role in supporting youth in starting retirement planning early, providing them with the knowledge and resources they need to succeed.

  • Karen Chafe
    Director, Programs & Operations
    JA South Western Ontario 

Navigating the Future: A Strategic Look at HR Trends Shaping Youth Preparedness for the Evolving Workforce 

31 January 2024
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jobs of the futureA new year means a new start and many people consider changing jobs and/or careers in January.  It can be a daunting thought for people with work experience, and absolutely overwhelming for a young person who’s just starting out.

We sought insights from Kim MacPherson, a JA South Western Ontario board member and a Global Talent Leader, to gain her thoughts and perspective on the future of work.

Q: In your experience across various industries, have you identified any trends in Human Resources that were common to all? If so, what were they?

A:

Absolutely, and it’s an exciting time for young professionals! One trend that stands out across the board is the emphasis on adaptability and agility. Companies are valuing individuals who can quickly pivot and learn new things.

It’s not just about having specific skills; it’s about having the mindset to embrace change and always being ready to grow.

So, consider your career a constant learning journey, and you’ll be well on your way.

Q: We know that many people will work in jobs that don’t yet exist. How can young people prepare themselves for this reality?

A:

Get ready for a future full of possibilities.

To thrive in a future of unknown professions, young individuals should focus on building a solid foundation of transferable skills.

Critical thinking, creativity, and adaptability will be invaluable assets, transcending specific job requirements.

Embrace a mindset of continuous learning, stay curious, and be proactive in seeking diverse experiences. The key is to be open-minded and ready to learn, no matter where your career takes you!

Q: Looking ahead, what does the work environment look like? What are some outcomes from the pandemic that you think will have a lasting impact?

A:

The future workplace is all about flexibility and balance, offering more options for how and where you work. Thanks to the lessons from the pandemic, hybrid work is here to stay, giving you the chance to create a work environment that suits you. It’s not just about the job; it’s about finding a workplace that values your well-being.

Hybrid work models will likely become the norm, offering employees a balance between remote and office-based work. This shift will influence HR practices, focusing on employee well-being, digital collaboration tools, and redefining performance metrics to accommodate diverse work arrangements.

Q: What do you think are the top three competencies youth need to develop to be successful in the workplace of the future?

A:

First, digital literacy is paramount. Familiarity with emerging technologies and adapting to new digital tools are essential skills for the future workforce.

Second, critical thinking and problem-solving skills will be in high demand. The ability to analyze complex situations, think creatively, and propose innovative solutions will set individuals apart.

Last, effective communication and collaboration skills will be crucial in a world where remote work and virtual teams are increasingly prevalent. Being able to convey ideas clearly and collaborate seamlessly across diverse teams will be crucial to success.

Life is full of surprises, and being able to bounce back from setbacks with a positive attitude will make you unstoppable.

Q: What’s one piece of advice or guidance you’d offer youth as they enter the workplace?

A:

Embrace the adventure! Your career is a journey, not a destination.

Always be hungry to learn, seek out mentors who can guide you, and never shy away from trying new things.

Your success isn’t just about what you know today but how eager you are to keep growing.

So, stay curious, stay open-minded, and remember that every experience, no matter how small, is a step toward building your fantastic future.

If you’re interested in reading more about the Future of Jobs, we encourage you to check out the World Economic Forum report: https://www.weforum.org/publications/the-future-of-jobs-report-2023/

Tell Me Why …

7 December 2023
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As a fundraiser for 30 years, it was not a surprise for me to end up in this career. 

I started at an early age mirroring my parents’ generosity. Girl Guide cookies when I was 6 years old, a UNICEF box every Halloween when pennies were still currency and all the school sales of chocolate bars and such. 

Every one of those I had to make my own pitch. My father would take me to the police station where he worked to sell cookies, but I had to ask every officer myself. One of my parents would walk with me door to door selling my wares but wait at the end of the driveway. What it taught me was to believe in the cause I was representing and to focus on what the result of my efforts would be. I needed to understand why I believed in what I was selling. 

As I got older and became a donor, results and impact continued to be important to me. What effect would my donation, usually modest, have on a charity I considered supporting? If I could not ‘change the world’ was it worth making? 

This is the time of year when donors of all ages and abilities reflect on questions like these as their mailboxes, both virtual and physical, are flooded with requests. What have the charities they supported in the past done with their gifts? What impact has their support had? Have they heard from the charities and understood the difference they made? 

When you choose a charity to support, how do you align it to your personal why?  

Gifts at this time of year are often given for three reasons: timing, requests by charities and tax savings. 

While all of these are reasons for why people give at this time of year, none of them answer the true ‘why’.  

When I meet with a donor for the first time, I like to investigate their personal why for not only their support of the charity I work for but their philanthropy in general.  

Why are you philanthropic? How did it begin? Like me, did you learn it as a child or as an adult from your partner? Have you passed the teachings on to your children? Do you practice it as a family? What was the first significant gift you gave? What did it support and why did you give it? Do you continue to support that charity or have your interests changed?  

After most of my career in healthcare fundraising, which answered my why through the death of my father at 47 from heart disease, the loss of several close family members to cancer, and my own two-year journey with a brain tumor, I now find myself in the social service/education sector. Growing up in a single parent home, after my father’s death, on a fixed income, the teachings of JA are critically important to my why. 

I’m thrilled to be working and personally donating to Junior Achievement South Western Ontario because it aligns with my why. It’s far more than leadership, and financial literacy. JA addresses poverty proactively. It sets young people up with the skills and mentors they need to become successful at whatever path they choose.  

I hope that JA SWO connects with your why as you make your holiday gifts this year. Regardless of which charity you choose to support, I hope you are able to take a moment to connect to your why and make a gift in the true spirit of the season.  

  • Heather J. Scott, CFRE
    Director, Philanthropy
    JA South Western Ontario