Cash: Cash is the most widespread form of charitable giving. You receive a donation receipt for the full amount and have the immediate satisfaction of seeing your gift at work.
Publicly Traded Securities: Changes to the Income Tax Act, removing entirely the capital gains tax from a gift of publicly traded securities has made this an attractive option. Ownership of the securities must be made directly to the Foundation. A tax receipt for the market value at close of business on the day they are received is issued.
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.
Real Estate: A gift of real estate will result in a donation receipt for the market value of the property.
RRSPs & RRIFs: You can donate all or part of your RRSP or RRIF and receive a tax receipt for the full amount.
Gifts In Kind: The Foundation accepts valuable items such as art and jewelry. A tax receipt is issued once the fair market value, less costs, is established.
Charitable Bequests: 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. Your estate receives a donation receipt. Gifts of cash, securities, insurance, RRSPs etc can all be made as bequest.
Residual Bequest: This is a gift by Will in which you nominate the Foundation as your residual beneficiary. You can be assured that after the all other bequests are dealt with your estate is producing the maximum benefit for your community.
Charitable Remainder Trust: A charitable remainder trust pays income to one or more individuals for life. The capital is held in trust and transferred to the Foundation when the trust terminates. You receive a tax receipt for the present value of your future gift when the trust is created.
Life Insurance: By making the Foundation the beneficiary of a life insurance policy you can create a future gift while retaining control of your policy during your lifetime.
Gift of Residue Interest: This is an irrevocable gift that allows you to donate property (very often real estate or art) and receive a tax receipt for the present net value. You retain the use of the property for life and the gift is not subject to probate.
104, 430 – 6th Avenue S.E.
Medicine Hat, Alberta T1A 2S8
Phone: (403) 527 9038
Fax: (403) 527 9204
Charitable Registration Number 136030285RR0001