Gift Options

Simple Cash Gifts. Cash is the most widespread form of charitable giving. This form of giving means that even those of the most modest means can afford to support their favourite causes. You receive a donation receipt for the full amount and have the immediate satisfaction of seeing your gift at work.

Gift of Securities. Recent changes to the Income Tax Act, reducing the tax burden on capital gains from a gift have made securities an attractive option. The actual securities must be transferred to the Foundation. With a gift of securities you will receive a donation receipt for their fair market value. If you wish to initiate a transfer of shares to the Community Foundation, please use the Direction to Gift Shares form.

Gift of Life Insurance. A gift of life insurance can be a large gift at a modest cost. If you make The Foundation the owner and beneficiary of a life insurance policy, you will receive a donation receipt for the policy's cash value, as well as for any future premiums.

Gift of Real Estate. A gift of real estate will result in a donation receipt for the fair market value of the property. Even if not your principal residence, the gift will avoid tax on any capital gain through tax credits.

Gift of Other Assets. Other property, such as shares in privately held companies, debentures, royalty interests or works of art can be given to the foundation at fair market value. As a number of factors need to be considered these gifts are accepted on an individual basis.

Charitable Bequest. A gift by Will is the simplest and most common form of deferred gift. You may bequest a specific sum of money, a particular asset or a portion of your estate. You retain full control over your assets and your estate receives a donation receipt. Your estate will also avoid tax on any capital gains.

Residual Bequest. A gift by Will in which you nominate The Foundation as your residual beneficiary. You can be assured that after all other bequests are dealt with your estate is producing the maximum benefit for the community. Your estate receives a donation receipt and avoids tax on any capital gains.

Gift of a Residual Interest. This type of gift can include real estate or works of art, and involves an irrevocable gift. You retain the use of the property for life, receive a donation receipt for the present value of the gift, and the gift is not subject to probate. It is also possible to avoid tax on capital gains.

Charitable Remainder Trust. Under this arrangement property is irrevocably transferred to the Foundation and the donor retains the right to the income from the trust either for a specified number of years or for life. At the end of that time the capital is transferred to the Foundation. You receive a donation receipt for the present value of your gift and avoid probate on this portion of your estate. You also avoid tax on any associated capital gain.

Stewardship Investment

Your gift is administered and managed by our professional staff. They will ensure that your wishes are carried out to the letter.

Your gift is invested under a conservative investment policy and very comprehensive guidelines. This function is undertaken by a professional investment manager with the assets themselves held by a custodian.

Oversight of the entire stewardship of your donation is the responsibility of the Board of Directors.