Ways to Give

All charitable donations are tax-deductible and Mission Community Foundation will issue a tax receipt for all gifts over $10. However, the tax credit available depends on the amount you donate. For example, up to $200, the credit is 26% and the actual costs to you will be $148. For amounts over $200, the tax credit increases to 44%, which means that on your second $200, the actual cost to you would be $112.

Other ways to give include donations:
  • Beneficiary in your will
  • Real estate
  • Artwork, coin sets, rare books, etc.
  • Life insurance policy or the proceeds thereof
  • Insured annuity
  • A gift in memory of a friend or relative
  • A multi-year pledge
  • An interest-free loan for a specified period
  • (CAFT) Customer Automated Funds Transfer (requires voided cheque for monthly withdrawals to any of the 72 funds)

A Beneficiary in Your Will

When you die, Revenue Canada considers that you disposed of all your property just prior to death. That means that the tax liability for the year of your death could be quite considerable. In many instances, this will result in being taxed at the highest rate. If you leave a donation to the Foundation in your will, 100% of the donation can be applied against your taxes for the year of your death. Any excess can be used to claim a refund on your taxes for the year prior to your death.

Beneficiary of Life Insurance Policy

You could also leave the Foundation as the beneficiary of any life insurance policy that you currently have.  That will leave a considerable tax deduction on your estate when you die.  Another innovative way to maximize your donation, if you contribute regularly, is to buy a life insurance policy with Mission Community Foundation as the owner and beneficiary of the policy while you pay the premiums. The whole amount of the premium is deductible as a charitable donation.  The net result of this option will be a larger contribution for the same cost.