For Individuals & Families

Ways to Give

Working alongside Calgary Foundation to fulfill your philanthropic goals allows you to have an impact on community both now and into the future. We work with you to determine the type of gift you would like to give, as well as the type of Fund you would like to establish.

 

Types of Funds

Donors place no restrictions on the use of the contributions and entrust the Calgary Foundation with the task of identifying community priorities and the charitable organizations best able to meet them.

Donors can direct their charitable giving to a general area of interest. The Calgary Foundation makes grants to the charitable organizations best able to meet needs in the chosen field.

Donors are actively involved in recommending support for organizations and causes that matter to them.  Family succession is extended to two consecutive generations beyond Founding Donors.

Established to support specific charitable organizations.  If a designated organization merges or ceases to exist, the annual distributions are redirected to the successor entity, failing which to an organization with a similar mission.

Donors can establish a Fund to receive a bequest left in their Will(s) to the Calgary Foundation.  Direction provided may be amended by the Founding Donors during their lifetime.

Created by donors to commemorate a person, family or important event. Initially, these Funds are deemed ‘Donor Advised Flow Through’ until the family’s readiness to confirm direction and structure after which the relevant documentation is formalized.

Designated Student Award Fund
Donors establish a Fund designated to a specific educational institution that selects deserving individuals pursuing education or training.

Donor Advised Student Award Fund
Calgary Foundation administers the Fund by creating and distributing applications and disbursing funds to the institution the selected recipient is attending.

Most Common Types of Gifts

Benefits to Charitable Organizations

  • Available for immediate use
  • Liquid
  • No risk

Benefits to the Donor

  • Donation receipt for full amount
  • Straightforward transactions
  • Satisfaction of seeing gift at work today

Gift Example

  • Cash
  • Cheque
  • Credit Card
  • Pre-Authorized Contributions (PAC), usually paid monthly

Most Appropriate For

  • Everyone (any age) who can afford to give up some principal and the interest it would otherwise earn

Benefits to Charitable Organizations

  • Immediate Use
  • Liquid
  • Little risk
  • Generally simple and low cost to implement

Benefits to the Donor

  • Donation receipt for fair market value
  • No capital gains tax
  • Satisfaction of seeing gift at work today

Gift Example

  • Bonds
  • Mutual Fund Units
  • Employee Stock
  • Option Shares

Most Appropriate For

  • Owners (any age) of stocks, bonds and other securities who can afford to give the asset and the interest or dividends it earns

 

  • Expectancy of future gift provided that bequest wording is not changed
  • Satisfaction of providing for future gift while retaining full control of property
  • Donation receipt for use with final income tax return
  • For bequest of listed securities, no capital gain tax, for most other property 50% of capital gain will be taxable but can be offset by tax credit from gift, likely resulting in tax savings to estate.
  • Cash, securities, real estate, tangible personal property
  • All individuals (any age), but especially older persons with few or no heirs

Benefits to Charitable Organizations

  •  Immediate access to cash value, assurance of death proceeds if policy retained (Term policies are often not retained as donor gets older)

Benefits to the Donor

  • Donation receipt for cash value and any future premiums paid
  • Small current outlay leveraged into larger future gift

Gift Example

  • Any whole life policy (participating or universal)
  • Term policy
  • (personal)

Most Appropriate For

  • Persons (generally ages 30- 60) who i) have an older policy no longer needed,
  • or ii) want to make a large gift but have limited resources

Benefits to Charitable Organizations

  • Proceeds available as soon as property is sold
  • Sometimes property itself can be retained and used
  • Valuation and ongoing maintenance considerations can add complexity to gift administration

Benefits to the Donor

  • Donation receipt for fair market value (FMV) determined by appraisal (independently obtained by charity)
  • 50% of gain taxable, (unless property is donor’s primary residence, in which case no taxable capital gain), offset by tax credit from donation receipt

Gift Example

  • Real estate including principal residence, vacation properties, and investment properties

Most Appropriate For

  • Owners (generally over 50) of a principal residence or investment property who do not need the property or the proceeds from its sale

Understand the different types of gifts that exist to help determine how contributions can have the greatest impact. All gifts listed HERE.

 

When you can see the pressure come off somebody, or an organization, because they don’t have to struggle with funding, it’s huge

Marcy Field

Calgary Foundation Donor