If you are planning on donating cash or shares to Cops for Kids or looking for a great gift idea, think about donating on behalf of a friend, family member or coworker. You can donate on their behalf or purchase a gift card so they can donate on their own!
When a donor makes an "outright gift" of cash or property to Cops for Kids Charitable Foundation, your funds go to work immediately to assist children in crisis in the South East District of British Columbia. Our area encompasses from Lytton to the Alberta border and from Clinton to the US border.
We can accept:
- Cheques or Money Orders
- Payments on Credit Card
- Pre-Authorized Contributions (PAC), usually paid monthly
- Publicly Traded Securities (including segregated and mutual fund units)
- Planned giving plans - life insurance, donations in memory, estates
Benefits to the Donor:
- Donation receipt for the full amount of gift - if completed online instant tax receipt!
- Straightforward, easy-to-understand transactions
- Significant tax benefits depending on assets gifted
- Ability to budget your donations monthly
- Watching smiles on children as we strive to make a difference in their lives!
Everyone in some way can make a difference!
Common Questions & Answers
Q: Is an outright gift always made in cash?
A:Not necessarily, but a cash contribution - paid by cheque, money order or credit card - is the simplest way to give. Remember that a cheque or money order is considered to have been given on the day it was mailed, so a gift mailed late in December and received in January can still qualify for a donation receipt in the preceding tax year.
Q: What is the tax benefit of an outright cash gift?
A: Because a donor receives a donation tax credit for their gift, it is worth more than its actual cost. Refer to CRA website for further information:
A: Non-cash assets such as publicly listed securities, real estate, artworks and other tangibles are also suitable as outright gifts and may be especially suitable if the property's practical worth is less than its market value or it does not fit the donor's investment objectives. In any case, donors are entitled to a donation receipt for the fair market value of the property contributed.
NOTE TO READER: The purpose of this publication is to provide general information, not to render legal advice. In addition any changes in the tax structure may affect the examples listed in this information. Please refer to CRA website or your tax advisor for the program that best suits your personal situation.