Our Donate Shares Gift Program is designed for individuals and families wishing to support charitable causes in a meaningful way, without the time and cost associated with establishing a private foundation . It is an easy, convenient way to support charitable causes, today and in the future, while receiving important tax benefits.
Through this program, you can make initial and ongoing contributions to a charitable gift fund managed by the Community Foundation of the North Okanagan .
Key Features and Benefits of the Donate Shares Gift Program
- Contribute cash, appreciated publicly listed securities or other assets to the fund, then recommend grants to the charitable organizations of your choice
- Make a deferred contribution by naming your fund as the beneficiary of a charitable bequest, a life insurance policy, a qualified registered retirement plan, a charitable remainder trust or another existing private foundation
- Receive an official charitable donation receipt for the full fair market value of your contribution
- Give your fund a unique name that reflects your family's legacy
- Name grant advisors and successors to your fund so your family's legacy continues
- Make recommendations on how account earnings are distributed to your favorite charities throughout your lifetime and, if desired, in perpetuity
The Donate Shares Gift Program could be ideal if you:
- Need a charitable giving solution that allows you to make a lasting gift, but you prefer to be free of all administrative obligations
- Want to able to recommend which charities receive grants
- Want to take advantage of the tax benefits of a charitable gift fund, including the ability to donate appreciated securities such as shares without paying capital gains tax