Donations

Donations

Donations

Contribution of Publicly Traded Securities to Crofton Community Centre

A gift of publicly-traded securities is the least expensive way to make a gift to Crofton Community Centre.

You will receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer, no matter what you paid for them.

You pay no capital gains tax on the transfer.

Thank you for your interest in donating securities to Crofton Community Centre. A gift of publicly-traded securities, such as stocks, bonds or mutual funds, can be made to the Community Centre. Transferring securities is very easy to do. For more information please contact Guy La Pierre at Global Securities Corporation or you can follow these steps:

Complete the attached form (you may need your broker / advisor’s assistance) and deliver it to your broker or financial advisor along with a copy of your most statement with regard to your wish to make a gift of securities to Crofton Community Centre.

Once the securities have been transferred into the Community Centre’s brokerage account, Global Securities Corporation will advise us in writing of the receipt of the securities and the closing bid value on the day the securities were received into our account. We will issue an official receipt to you for official tax purposes for the value as determined by Global Securities Corporation .

It is the Community Centre’s policy that securities, once received by the Community Centre or its broker, will be sold and the proceeds transferred to the Community Centre’s investment account.

Note: The information on this page can help facilitate discussions between you and your advisor. It is not intended as legal advice. We encourage you to seek advice from a qualified professional.


 

Bequest by Will – A Legacy of Giving

Including a charitable bequest benefiting The Crofton Community Centre Society in your will is a simple way to make a lasting gift to your community. When you make this gift, we can establish a special fund that benefits the community forever and becomes your personal legacy of giving.

How it works

You include the community foundation in your will as a bequest; we can help you or your lawyer with recommended language.
We can work with you to determine the type of fund you would like to establish with your gift.

Upon your death, we set up a special fund in your name, in the name of your family, or in honour of any person or organization you choose.

Your charitable gift is eligible for a tax credit for estate tax purposes.

The Society considers your charitable wishes in determining the areas of community need that would benefit the most through grants from your gift.

Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).

We handle all the administrative details.

Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift and all future earnings from your gift is a permanent source of community capital, helping to do good work forever.

More benefits

Making a bequest to your community foundation is an easy way to transfer assets to charity. And, you can decide to do it at any age by adding to an existing will, or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle.
You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your will come from appreciated stocks, RRSPs, and RIFs.

For more information or to arrange your no obligation consultation please contact your lawyer or contact Hugh Armstrong on how to include the Crofton Community Centre Society into your will:

Hugh Armstrong
157 Truck Road
Duncan, BC
V9L 2P1
Phone: (250) 746-4354
Fax: (250) 746-8101
hugh@hugharmstronglaw.ca
www.hugharmstronglaw.ca

More Information, Click Here


 

Gift of Appreciated Stock

Everybody wins when you make a gift of appreciated stock to The Crofton Community Centre Society. Your gift stays in Crofton helping us to build our local community.

How it works

You make a gift of eligible securities directly to your community foundation.
Your gift can be placed into a named fund, in the name of your family or business, or in honour of any person or organization you choose. For example, you can use your gift to create a Designated Fund or a Donor Advised Fund. Or you can establish an Unrestricted Fund so your gift can respond to the most pressing community needs.

Your gift qualifies for a tax credit and you avoid the capital gains tax that would otherwise arise from the sale of this stock.

We handle all the administrative details.

Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

Giving eligible appreciated stocks, mutual funds or employee options through a community foundation is popular among a range of givers – individual investors, families, entrepreneurs, and even groups of friends who have formed investment clubs.

More benefits

By giving stock through your community foundation, you can avoid capital gains taxes that would be due as a result of the sale of the stock and establish a charitable fund that benefits the local causes and organizations you care about most. With gifts of appreciated stock, your stock market earnings translate into community impact, so you get a more rewarding return on your portfolio. You can support special programs for at-risk youth, senior citizens, or other people in need; address environmental concerns; or support the arts.

Other ways of helping The Crofton Community Centre:

Gifts of Life insurance:

If you have given a life insurance policy to a registered charity consider using appreciated stock to fund the annual premium payments.

Bequests or Gifts by will:

If you have left a charitable gift in your will, consider including language to allow your executor or trustee to take advantage of appreciated stock to fund the gift to gain the tax benefits for your estate.
For more information, please contact for a strictly confidential discussion about your plan:

Global Securities Corporation
Guy La Pierre
#101-2655 Mary Hill Road
Port Coquitlam, BC
V3C 6R9
1-888-809-6541
glapierre@global.com

Our approach

Many organizations are working for better communities, but a few important factors make our approach stand out:
We bring donors to the table as community builders
We help them formulate and realize their philanthropic goals, matching their interests and concerns with community needs and organizations. We help them find innovative and responsible ways to give their investments lasting impact.

We take the broadest view of what a community is and what it needs to succeed
That’s why our grants support everything from shelter, sustenance and care for those most in need, to recreation, the arts, and the environment.

We take the long-term view for our communities
We identify long-term needs and opportunities and invest in sustainable solutions, helping our communities become resilient, resourceful, and ready for the future they want.

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