Gifts of Cash
The most immediate way of donating to Durham Community Foundation is with donations of cash, cheque or credit card. Many of our donors find this route appealing as the funds are invested immediately to begin accruing interest and the donor receives tax savings on his/her next return.
Donations are pooled together and invested and the income from these investments is then used to make grants to support the local registered charity[s] that the donor is passionate about. The capital is untouched and your gift becomes part of a permanent endowment fund that will give to the community in perpetuity.
Contact the Foundation office to make a gift of any of the following:
Gifts of Property
Individuals may donate their home or other real estate.
Wills and Bequests
A bequest may be for a specific amount of money, a particular property, a percentage of an estate, or the remainder of the estate after all other bequests have been given. It may also include proceeds from an RRSP (registered retirement savings plan) or insurance policy.
Donors who gift appreciated securities are exempted from paying the related capital gains included in income tax. (On May 2, 2006 the Conservative government eliminated capital gains tax on donations of publicly listed securities to charities, effective immediately.)There are many possibilities to consider and significant tax benefits in donating to Durham Community Foundation. We would be pleased to work with you and your professional advisor lawyer, accountant or financial planner to find the approach that best suits your personal circumstances.
Life Insurance Policy
Life insurance can be an ideal way to create a major gift at a relatively low cost to the supporter. Donors may name Durham Community Foundation as the owner and irrevocable beneficiary of a new or existing life insurance policy and receive a tax receipt for the premiums.
Transfer of a Private Foundation
A private foundation or charitable trust can be transferred to establish a Named Fund within Durham Community Foundation. This will ensure that the original intent of the fund or trust lives on.
In Memoriam and Tribute Gifts
Donations in honour of a loved one.
Establish a corporate giving program. A business may find it advantageous to use Durham Community Foundation as a vehicle for its community giving by establishing its own Named Fund. A Named Fund might honour a retiree, or recognize a board member or employee for outstanding contribution to the company or organization.
Durham Community Foundation is a registered charity that will provide tax receipts. Charitable Registration #. 89879 7931 RR0001.