Donate Now!

 

Ways to Give

If you want happiness for an hour - take a nap.
If you want happiness for a day - go fishing.
If you want happiness for a month - take a holiday.
If you want happiness for a year - inherit a fortune.
If you want happiness for a lifetime - help someone else.

Chinese Proverb


Gift of Cash or Credit Card

One of the easiest ways to make a gift to the Foundation is by cheque or credit card. Donors are provided with an official tax receipt and the Foundation will allocate the gift to the fund or organization that the donor requests. A cheque is considered to have been given on the date it is mailed. For example, a gift made and mailed in December qualifies for a donation receipt for that year, even if it is not received until January.  Donations by credit card can be made through ATB Cares or Canada Helps.  Go to Donate Now! Button.


Gift of Publicly Listed Securities

Making a gift of securities is one of the most cost-effective ways to make a gift to your community. It works at all levels of giving and whether you give your securities now, or in the future through your will, the tax benefit is the same.

When publicly listed securities are donated to the Community Foundation, the tax on the capital gain is eliminated. To take advantage of the tax savings benefit, the donor must transfer the securities “as is” – either through an electronic transfer or in the form of a share certificate in the donor’s name delivered to the Foundation.

We will work with you and your advisor to ensure the transfer is smooth and your donation receipt is delivered directly to you.


Gift through Will

Donors can designate a specific gift or a portion of their estate to the Foundation.
Charitable gifts in a will result in a donation receipt which can be used to offset the taxes payable on up to 100 per cent of the income in the year of the donor’s death. Any unused credit may be carried back one year.


Gift of Life Insurance

Life insurance allows donor to make extraordinary gifts at a management cost. There are several options:

  • The donor may purchase a new policy naming the Battle River Community Foundation as the owner and irrevocable beneficiary of the policy. The donor will receive a tax receipt for the annual premiums payable on behalf of the Foundation.
  • The donor may transfer an existing policy to the Community Foundation. The donor will receive a tax receipt for the cash surrender value and for any subsequent premiums paid by the donor after the transfer.
  • The donor can name the Community Foundation as the beneficiary only of the policy. The policy proceeds are paid directly to the Foundation at the end of the donor’s lifetime. The tax receipt may be used to offset taxes in the donor’s final tax return with a one year carry-over for any unused credits.

Gift of Charitable Remainder Trusts

A charitable remainder trust is a gift that allows the donor to give an asset during his or her lifetime (with immediate tax savings) and yet retain the right to the income from the asset for a certain number of years or until the end of his or her lifetime. The donor irrevocably sets aside a certain sum of money. A trust agreement provides that the donor (or a nominee) will control the management of the fund as trustee and that the donor (or a nominee) will receive the income from the fund while he or she is still alive.

Upon the donor’s death, the capital of the fund will be payable to the Community Foundation for the purposes which the donor has requested. The ultimate gift of the capital of the trust passes to the Foundation outside of the donor’s estate and is not subject to probate fees.


Gift of RRSP or RRIF

You can designate the Community Foundation as a beneficiary of your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF). These assets are highly taxed after the later of your spouse’s death. By donating a RRSP or RRIF, you will offset the tax that would otherwise be payable on these assets by your estate.

 

 
Battle River Community Foundation | info@brcf.ca | 780.679.0449 | PO Box 1122, Camrose, AB T4V 4E7