Ways to Give
There are many ways to make a gift to the George Jeffrey Children's Foundation. It is important to take the time to determine how to make "the best gift" – the gift that provides maximum benefit to the community within one's capacity to give. The George Jeffrey Children's Foundation accepts the following gifts:
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Gifts of Cash
A very straightforward way of making a gift to the George Jeffrey Children's Foundation is by way of cash or cheque. This is an attractive form of gift for the donor who has cash readily available and wants to make an immediate donation. The donor enjoys immediate tax savings.
Gifts of Appreciated Securities
Gifting appreciated securities enables the donor to give the most to the George Jeffrey Children's Foundation for the least cost. Over the past several years, federal budgets have effectively reduced the taxable portion of the capital gain on gifted appreciated securities from 25% to NIL. In effect, the tax payable on the appreciation of the gifted securities is zero so the donation tax credit can be used to offset taxes on other income.
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 your disposable income. You can provide for your gift now. Your annual payments are generally modest and eligible for tax credit, giving you annual relief on your income tax return.
Charitable Bequest
A bequest in your will may specify a certain sum of money, a particular asset, or a portion of your estate to be donated to the George Jeffrey Children's Foundation. You may specify that your bequest be used to establish a new fund in your name, be added to an existing fund or be added to a fund that you or your family have established during your lifetime.
Charitable Remainder Trust
This is an arrangement under which you irrevocably transfer property (cash, securities or real estate) to a trustee, usually a trust company. You retain the right to the income from the trust, either for life or for a specified term of years. At the end of that time, the residual capital is payable to the George Jeffrey Children's Foundation. Expert council is needed to complete this type of transaction.
Gifts of Other Assets
(property, art, royalty interests, closely held corporate securities, gifts-in-kind) The Foundation will consider gifts of other assets on an individual basis because there are a number of factors to consider with each type of gift. Please discuss with your professional advisor or contact the Foundation office if you are considering this type of gift.
Corporate Giving
Establish a corporate giving program. A business may find it advantageous to use the George Jeffrey Children's Foundation as a vehicle for its community giving. Small to medium sized companies find themselves frequently deluged with requests for donations. A contribution might honour a retiree, or recognize a board member or employee for outstanding contribution to your company or organization.
For more information or assistance with making a gift to the George Jeffrey Children's Foundation, please call Mary Anne Schmidt at 623-6050.
Disclaimer: This information is intended to provide general examples for understanding the ways in which charitable gifts may be made to the George Jeffrey Children's Foundation. Every effort has been made to ensure the accuracy and currency of the information presented. Donors reviewing this information should consult with professional advisors for independent advice on the optimal way to achieve their objectives.