UPCOMING EVENTS

 

4TH ANNUAL ONLINE AUCTION

May 19 - May 26, 2017


 

 


 

To Donate
Become a Member
Membership Type
Become a Volunteer

Supported Transportation

Volunteer as often as you like. Make it once per week, Once per month, how often you accept a ride is up to you.  This program offers rides to medical appointments for seniors who no longer drive.

 

Meals on Wheels

Deliver hot and nutritious meals to seniors.  Openings for holiday relief work are available.

 

To Register to become a volunteer contact:

Vicki Holman
Executive Director
250 715-6481

cscfoundation@shaw.ca

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PLANNED GIVING

The Many Roads to Planned Giving
There are many ways to structure a planned gift. It's up to you to choose the one that's best suited to your situation … and your pocketbook.

GIVING MONEY
Giving money to a recognized charitable organization is the best known form of giving. The maximum admissable amount for a tax credit is 75% of the donor's net annual income. Any amount above this limit may be carried over to tax returns in the following five years. 100% of personal income can be donated in the year of death and in the year prior to death.

GIVING IN NATURE
Giving furniture, vehicles, real estate, stocks, bonds, paintings or other objects of art may constitute a gift and as such entitle you to a tax receipt. There may be no taxable gain on the gift of eligible capital assets.

GIVING AN ANNUITY OR AN RRSP
You can name a charitable organization as beneficiary of an annuity or a registered retirement savings plan. At death, the applicable tax credits will considerably reduce the taxes payable and thus preserve estate assets.

GIVING SECURITIES
You can give exchange–traded securities to public charitable organizations. The gift must be ‘in nature’ to be eligible for the capital gains exoneration. In other words, you must give the securities themselves—not the monies obtained by the sale of the securities. In addition to the capital gains tax benefit, you can obtain a tax credit between 41% and 48%, depending on your province of residence.

SUBSIDIARY GIFT (OR GIFT OF RESIDUE)
Subsidiary giving applies when your heirs do not survive you. The totality of the assets is then bequeathed to a pre–specified organization. The residual amount represents the net assets of your estate following the deduction of all bequests by particular title and all expenses associated with the estate, such as debts, taxes, and the like.

ENDOWMENT FUND IN THE NAME OF ITS DONOR
A donor can create a special fund dedicated to a chosen cause or organization. This fund will be conserved in perpetuity or until a date set by the donor. Only the revenue generated by the fund will be considered for tax benefits. Such a fund can be registered in the donor's name or in the name of a person to be honoured.

CHARITABLE REMAINDER TRUST
A charitable remainder trust allows the transfer of certain assets to a trust beneficial to an organization. The trustee remits the annual revenue of trust to the charity while the donor is alive.

TESTAMENTARY TRUST
A testamentary trust allows your heirs to obtain income for life. When the last heir dies, the capital is bequeathed to the charitable organization specified by the donor.

CHARITABLE GIFT ANNUITY
A sum of money can be gifted to a charitable oranization who will use a portion of the funds to purchase an annuity to pay you an income equivalent to that you would have received if the whole sum was in a Guaranteed Investment Certificate. A significant portion of the gift will e receipted as eligible for tax credits.

GIVING LIFE INSURANCE
You can name a charitable organization as beneficiary on a life insurance policy — or you can assign a charitable organization as the owner of your life insurance policy. In the first case, the amount payable at your death qualifies as a charitable gift for tax credits on your final tax return. In the second case, the amount you pay annually to keep the policy in force qualifies as a git for tax credit purposes.
The objective of any Planned Giving arrangement is to support a cause that is important to you.
It is recommended that you seek the advice of an Estate Planner, a Financial Advisor, an Accountant, or a Lawyer before finalizing your plans.
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Cowichan Seniors Community Foundation
135 Third Street, Duncan, B.C. V9L 1R9
Phone: (250) 715-6481   |   Fax: (250) 746-8819
Email: Cowichan Seniors Community