Gift of Cash
An outright gift of cash is one of the simplest ways to give and often is the best way. Your gift goes to work immediately, meeting current needs. You receive a donation receipt for the full amount you give, resulting in immediate tax savings for you. For example, if your combined federal and provincial tax credit equals 45%, a $5,000 cash gift to the YMCA-YWCA of Vancouver Island will result in tax savings of $2,250, so the actual cost of the gift to you is only $2,750! The amount you may claim in charitable donations in any one year is limited to 75% of your net income for that year and any excess may be carried forward for up to five years.
Gift of Securities
The benefits of donating a gift of securities to the YMCA-YWCA are two-fold. First, you will receive a tax receipt for the fair market value of the donation in the amount of the closing trading price on the day the YMCA-YWCA of Vancouver Island receives the security. Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security.
The list of securities this applies can include:
- Shares listed on most Canadian and certain foreign stock exchanges
- Prescribed debt obligations
- Shares of the capital stock of a Canadian public mutual fund corporation
- Units of widely held Canadian mutual fund trusts
- Interest in related segregated fund trusts
A Gift in Honour
A gift in honor is a great way to recognize a special occasion by making a contribution in their name. Or, send a holiday wish by letting that special someone know you are thinking of them. When you make a gift of $25 or more, we will send a card acknowledging your gift to the recipient. The card identifies you but does not include your gift amount.
A Gift in Memory
A gift in memory of a loved one or friend is an emotional and thoughtful tribute to them and their accomplishments in life. For all memorial gifts, we will send a card acknowledging your gift to the family of the person that you are making a tribute to. The card identifies you but does not include your gift amount.
You can also help by making any one of the following gifts:
- A bequest in your will
- A life insurance policy benefit
- An annuity, trust or other individual-interest gift
- A dedicated memorial fund
- Another kind of gift, such as property, investments or bonds
The Chair’s Round Table
The Chair’s Round Table celebrates the vision, leadership and philanthropy that cultivates the quality of life in our community.
As a member of the Chair’s Round Table, you provide leadership each year at the highest level to ensure the YMCA-YWCA of Vancouver Island can fulfill its mission to be accessible to everyone regardless of their financial situation.
Donations of $1000 or more to the Y’s Strong Kids Annual Campaign qualify the donor or donating couple for membership in the Chair’s Round Table. This very special group of individuals, companies, organizations and foundations are recognized for their generous support in the following ways:
A Chair’s Round Table reception event is held early in the new year to recognize Round Table members and provide an opportunity to network and learn more about the future direction of YMCA-YWCA programs.
A special listing in the YMCA-YWCA’s Annual Report and Donor Poster display as Chair’s Round Table members.
For more information please contact:
Fione Wilson at 250.386.7511 x405 or email@example.com
Please note that this is general information. We encourage you to contact and consult your own legal and financial counsel in the development of your own financial estate plans.