Ways To Give
Gifts of Cash
A 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 Securities
A 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 years any unused portions of the gift. Please talk to a Director, your professional adviser, or broker to make stock transfers easily. You may download the Securities Transfer form Securities Transfer Form (Fidelity).pdf for when you meet with your broker.
Gifts of Life Insurance Policies
Donors 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 Will
A 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.
People who like doing business “on line” will be happy to learn that the Shuswap Foundation has linked up with CanadaHelps.org to make donating really easy. It is convenient and quick; moreover it is not necessary to request in writing that the donation be endowed in perpetuity. The Canada Revenue Agency supports this method of making gifts to your community. Make an Online Donation (Canada Helps). (Note: Canada Helps collects a 3.9% service charge on each donation and submits the balance to the Foundation)