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Did you know?Because administration costs are kept to a minimum, the Shuswap Foundation is able to operate without charging any fees to its fund.
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Ways to Give |
Gifts of CashA very popular way of making a gift to the Foundation is by cash or cheque. This is an attractive method for a donor who has cash available and who wants to make an immediate donation. The Foundation is able to invest the donation immediately to generate income to support community projects. The donor is provided with a receipt for income tax purposes.
Gifts of Appreciated SecuritiesA gift of publicly traded securities can be an attractive option. The Income Tax Act provides that capital gains on securities donated to a charity are exempt from tax, but the donor will receive a tax receipt for the full appreciated value. The donor will receive a tax receipt for the value of the stock at the time of transfer, and may carry forward for up to five tax years any unused portions of the gift. Please talk to a director, your professional advisor, or broker to make stock transfers easily.
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Gifts of Life Insurance PoliciesDonors may name the Foundation as the owner and beneficiary of a new or existing life insurance policy. Tax receipts are given for either the cash surrender value of an existing policy, or for premiums paid. This is one of the most popular "planned giving" vehicles. Because there are several options available, please talk to your professional advisor for help in making this gift.
Gifts by WillA donor may provide for a gift to the community in his or her will. There can be considerable tax advantages when charitable gifts are included as part of an estate plan. Please talk to a director, your lawyer, or other professional advisor to simplify the process and maximize tax advantages.
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