Our donors come from every walk of life with just as many reasons for wanting to give. We work alongside each one of our donors, offering flexible and personalized plans that suite your individual needs.
This is the simplest type of gift. For donations over $20 you will receive a charitable donation receipt for the year in which the contribution was made. For credit card donations please visit our donate page.
Publicly traded securities
A gift of publicly-traded securities is the transfer of ownership of stocks or bonds to the Community Foundation of Northwestern Alberta. If you own shares that have increased in value, 50 per cent of the capital gains are taxable. However, if you donate these shares in-kind to the Community Foundation of Northwestern Alberta, the entire gain is tax-exempt. This process is simple and impactful!
A tax receipt is issued for the fair market value, as determined by appraisal, on the date of transfer.
You can provide a sizeable future gift to the Foundation at an affordable current cost, without reducing what you give to family and friends through your estate.
The Community Foundation of Northwestern Alberta can be named as the beneficiary of your life insurance policy. If you designate the Community Foundation of Northwestern Alberta as the irrevocable beneficiary or owner and beneficiary of your life insurance policy, we will be able to provide you with an official receipt for income tax purposes for the amount of premium you pay each year.
Name the Community Foundation of Northwestern Alberta as the beneficiary of your Registered Retirement Savings Plan or Registered Retirement Income Fund and make a significant donation, while saving your Estate from paying probate tax on the proceeds.
There Are Ways To Give to the Community Foundation of Northwestern Alberta at a Later Date
Providing A Gift In Your Will
Including a charitable bequest in your Will is a simple way to make a lasting gift to your community. When you make this gift through a community foundation we establish a Fund that becomes your personal legacy of giving. Alternatively, estate gifts can be directed to one of our existing funds supporting a cause that is important to you.
How It Works
We can work with you and your team of Professional Advisors (lawyers, accountants, financial/insurance advisors) to recommend appropriate language for the gift in your Will, as well as provide any additional information required to ensure your wishes are met.
To Give Where The Need is Greatest
To give [ $ / % / the residue] of my Estate to [community foundation], (Charitable Registration Number xxxxxx) to establish a permanent Fund known as the . Annual grants shall be made at the discretion of the [community foundation] in accordance with the charitable objectives of the foundation.
To Give To Charitable Causes Close To Your Heart
To give [ $ / % / the residue] of my Estate to [community foundation], (Charitable Registration Number xxxxxx) to establish a permanent Fund known as the . Annual grants shall be made at the discretion of the [community foundation] taking into consideration my interests in .
Tips for your Will
When including any charity in your Will be sure to include the following:
- Full legal name of the charity;
- CRA charitable registration number;
- Any specific direction for use of the gift.
Community foundations can help determine the type of Fund that’s right for you. There are several choices depending on how much direction you want to provide about the purpose of the Fund, and whether you want future family generations to be involved.
Upon your death, the Fund will be set up in the name you have chosen for it.
Your gift is invested professionally, and a portion of the total value of the Fund is available each year for distribution to any registered Canadian charity.
Our Community Foundation takes care of all of the administrative details for the Fund.
You can make your gift through a donation of cash, appreciated securities, RRSP, RIF, TFSA, or other assets.
At the time a gift is contributed, it is eligible for a charitable tax credit for estate tax purposes.
We are very grateful to you for supporting the work of the Community Foundation of Northwestern Alberta. For more information on ways to give, contact our office at (780) 538-2820.