Ways to Give
Anyone can be a philanthropist. You don’t need wealth and it doesn’t have to be complicated. Giving to the Greater Saint John Community Foundation is simple: we provide the flexibility and knowledge to help you make the difference you want to make.
Gifts of cash:
A very straightforward way of making a gift to the Community Foundation is by way of cash or cheque. This is an attractive form of gift for anyone who has cash readily available and wants to make an immediate donation. The Foundation is able to invest the donation to generate funds to support charity — you enjoy immediate tax savings.
Gifts of Appreciated Securities:
Gifting appreciated securities enables you to give the most to the Community Foundation for the least cost. The 2006 Federal Budget reduced the capital gains inclusion rate for these donations to zero. In effect, taxpayers can now donate qualifying securities with appreciated gains to a charity and not have to pay any tax on the capital gain that would otherwise be realized.
Gifts of Insurance Policies:
A gift of life insurance, by either making the Foundation the owner and beneficiary of an existing policy or purchasing a new policy and making annual premium payments, has many benefits. It allows you to make a significant gift at a fraction of the value from their disposable income. The annual payments are generally modest and eligible for tax credit, giving annual income tax relief.
A bequest in a will may specify a certain sum of money, a particular asset, or a portion of an estate, to be donated to the Community Foundation. You may specify that a bequest be used to establish a new fund in their name, be added to an existing fund or be added to a fund that the family has established during your lifetime.
Gifts of Retirement Funds:
Use tax-deferred assets (ie. RRSP, RIF) accumulated for retirement to provide a gift to the Community Foundation. Convert an ‘end of life’ tax liability into a meaningful gift. Moreover, retain control to easily make revisions should your future circumstances change. Gifts of other Assets The Foundation will consider gifts of other assets (property, art, royalty interests, closely held corporate securities, gifts-in-kind) on an individual basis because there are a number of factors to consider with each type of gift. Please contact the Foundation office if you are considering this type of gift.