There are several ways to donate to Bayview Glen. Whichever option you choose, your gift will have a powerful impact on our students and programmes.
Gifts of cash
Donations can be made online, in person, by mail, phone or fax. You will receive a tax-deductible receipt for your gift.
Gifts of Securities
There are substantial tax savings for donors who choose to donate publicly traded securities
(i.e. shares, bonds, mutual funds) as an alternative to cash. The 2006 Federal Budget contained good news for donors who are thinking about donating publicly traded stocks and securities. Now, there are multiple tax benefits for donors giving gifts of publicly traded securities:
- Gifts of eligible securities are not subject to any capital gains tax.
- Donors will receive a tax receipt for the full appreciated value of the eligible securities.
- Donors may claim charitable donations of up to 75% net income with a five-year carry forward on any unused donation amount.
Donating securities is easy to do and provides benefits to donors and to Bayview Glen. Securities may be electronically transferred from your account to Bayview Glen’s account or endorsed stock certificates may be delivered to Bayview Glen. Our Advancement professionals would be pleased to provide you with step-by-step information about donating securities and to assist you with your donation.
Gifts of Flow-through Shares
With publicly traded flow-through shares, you can maximize your charitable giving while realizing substantial tax savings. Flow-through shares are a source of financing for the Canadian resource industry, particularly for companies engaged in oil and gas exploration. Investors in flow-through shares not only benefit from officially-sanctioned tax savings, but also from potential capital appreciation.
With publicly traded flow-through shares, you can maximize your charitable giving while reducing the net cost of your gift by combining:
- A tax deduction for the amount invested;
- A tax credit based on the market value of your donation;
- The elimination of the capital gains tax when you donate your shares directly to Bayview Glen.
Flow-through shares have definite tax benefits. However, returns are highly impacted by the performance of the volatile resource sector. Investors must also be aware that they should donate the flow-through shares only after realizing the benefit of the expense deductions. Please consult your tax advisor to determine if investing in flow-through shares, and donating them to Bayview Glen is the right decision for you.
Endowment Funds
By investing in an endowment fund, you can create a legacy for a friend, family member or colleague while providing sustainable funding for scholarships, bursaries or programs. Only the earnings from the fund are spent on designated purposes – your original contribution is held in perpetuity.
Planned Giving
In addition to maximizing your tax benefits, planned giving is a powerful way to leave behind a legacy and a message of hope for future generations. From remembering Bayview Glen in your will to making Bayview Glen the beneficiary of a Life Insurance policy, there are numerous options available to donors who are interested in planned giving.
Employer Matching Gift Programmes
Did you know that many companies support their employees by offering matching gift programmes? You could double the impact of your gift by asking your employer to make a donation of equal value.
Ask your employer if they offer a charitable gift matching programme.
Gifts-in-Kind
Gifts-in-Kind are valuable non-cash gifts from donors, including book collections, pianos, artwork, and real estate. Bayview Glen will gladly accept gifts-in-kind that benefit our students or programme. The gift must be appraised so that a donation receipt can be issued for the gift’s fair market value.
Questions or Need More Information
For more information about any of the above giving options, please call Rudy Massimo, Assistant Head, External Relations at 416.386.6644 or by e-mail at rmassimo@bayviewglen.ca. |
