Ways To Give
What Can I Donate to My Benefaction DAF?
Cash
Cash gifts are the simplest way to give – the donor will receive a tax receipt for the amount donated, which provides a tax credit to reduce the total tax payable in the year you make the donation.
Publicly Listed Securities
Securities that have appreciated over time are an effective way to maximize charitable giving, while minimizing tax burdens. You will receive a tax credit for the fair market value of securities on the day of donation and you avoid paying tax on the capital gains, provided the gift is a qualifying security, bond or mutual fund.
Donating Optioned Stock
As part of a holistic wealth management approach, it is important to understand all of the tax planning opportunities available, especially those that enable the donor to successfully achieve their charitable giving objectives.
Privately Held Securities
Owners of private companies have many options to donate and there are great tax savings opportunities for charitable shareholders. Benefaction can accept preference shares from a CCPC provided it meets the conditions outlined in our Gift Acceptance Policy.
Life Insurance
Insurance can be used as a charitable asset, enabling you to make a substantial gift in the future. Transfer the ownership of an existing paid-up life insurance policy to Benefaction, or name us as the primary beneficiary.
RRSPs and RRIFs
Donating registered plans can support your charitable interests, while realizing significant tax advantages for your estate. The remaining proceeds of RRSPs and/or RRIFs are taxable in your final tax return. Naming Benefaction as your RRSP or RRIF beneficiary can offset a substantial portion of the tax owed by your estate.
Gifts in Wills
Gifts in your Will represent an easy, yet powerful method to ensure continued support for the causes you care about while demonstrating your commitment for years to come.