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Ways to Give

  • Cheque
  • Will
  • Insurance
  • Property
  • Stocks/Bonds
  • Paypal

Give by Cheque

Please make cheques payable to:

“Rotary Bursary Endowment Fund”

 Mail cheques to:

The Rotary Bursary Endowment Fund
c/o: Rotary Club of Gravenhurst
Box 888, Gravenhurst,
Ontario, Canada
P1P – 1V2

Donation in excess of $20 receive a tax receipt, so please include your name and address to receive your receipt.

“Thank you for helping to change perception, improve expectation and create opportunities for students in need!” -Ken Little (Chairman) 

Will and Codicil

The most commonly planned gift, a charitable bequest, is a donation made through your Will.

You can choose to leave The Rotary Bursary Endowment Fund a specific piece of property, a pre- determined sum of money or a percentage of your estate. Planned today, a bequest benefits the Endowment Fund after your death. For suggested bequest language, please click here.

By carefully planning your bequest, you can eliminate significant taxes payable upon your death. Your estate may claim gifts in the year of death equal to 100 percent of your net income in that year and the year preceding death.

Bursary-Codicil-to-Will Form

		

Insurance

Gifts of Life Insurance

A gift of life insurance is a creative way for you to build our long term financial strength without diminishing your own – even a relatively small commitment can provide significant benefits for the Rotary Bursary Endowment Fund. There are many ways for you to make a gift using life insurance:

  • You may donate a paid-up life insurance policy that has now outlived its original purpose by naming Rotary Bursary Endowment Fund the owner and beneficiary of your policy and receive an immediate tax receipt for the cash surrender value of the policy.
  • You may gift an existing policy on which premiums are still being paid by transferring ownership to Rotary Bursary Endowment Fund and begin receiving tax receipts for all future premium payments
  • You may make a gift by purchasing a new policy on your life, naming the Rotary Bursary Endowment Fund as the owner and beneficiary and you will receive tax receipts for all future premium payments.
  • You may also choose to retain ownership of your policy and name the a Rotary Bursary Endowment Fund as the direct beneficiary and, upon your passing, your estate will receive a tax receipt for the value of the policy.

Real Estate

A gift of property including real estate, jewellery or art can be an attractive way to make a substantial commitment to the Rotary Bursary Endowment Fund and to realize important tax and income benefits.

Prior to making a gift of real estate, you will need a professional appraisal completed by a qualified third-party appraiser to determine the fair market value of the property. With the appraisal complete and the property legally transferred, a receipt for income tax purposes will be issued for the appraised value.

There are many ways to make this donation: you can give the property outright, place it in trust, retain the use of it for life or gift it by Will.

If you have any questions, please do not hesitate to Contact Us

Stocks & Bonds

How Giving Securities Benefits You!

In May of 2006 the Federal Government created an incentive for you to give marketable securities to public charities like the Rotary Bursary Endowment Fund. When you sell stocks, mutual funds, or flow through shares that have appreciated in value, you would be required to pay tax on 50% of the Capital Gain. The new legislation allows you to donate the securities and pay No Capital Gain! Rather than selling the security and giving the cash, the most cost effective and most beneficial tax advantage is to give the security.

Here is an example for you:

Sell shares and gift cash to charity Gift shares to charity
Proceeds of disposition (a)
.
$100,000 $100,000
Adjusted cost base (b)
.
$20,000 $20,000
Capital gains (c)
c = a – b
$80,000 $80,000
Tax on capital gains (d)
d = (c x 50%) x 46%*
$18,400 $0
Donation tax credit (e)
e = a x 46%*
$46,000 $46,000
Net tax savings from donation $27,600
($46,000 – $18,400 paid in tax)
$64,400
($46,000 + $18,400 not paid in tax)

 

Benefits of Making A Gift of Securities

  • No Capital Gains
  • A Tax Receipt for the full market value of the security on the date received
  • Create a ‘Family Bursary’ within the Fund without being taxed
  • Leave a lasting Legacy

If you have any questions, please do not hesitate to Contact Us

             FOR THE CONVIENENCE OF OUR GENEROUS SUPPORTERS, WE NOW OFFER DONATIONS ONLINE USING YOUR CREDIT CARD ON A PAYPAL SECURE CHECKOUT

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