The Niagara Community Foundation accepts the following gifts
- Appreciated Securities
- Insurance Policies
- Other Assets
Gifts of Cash
A very straightforward way of making a gift to the Niagara Community Foundation is by way of cash or cheque. This is an attractive form of gift for the donor who has cash readily available and wants to make an immediate donation. The Foundation is able to invest the donation to generate funds to support charity. The donor enjoys immediate tax savings.
Gifts of Appreciated Securities
Gifting appreciated securities enables the donor to give the most to the Niagara Community Foundation for the least cost. The 2006 Federal Budget reduced the capital gains inclusion rate for these donations to zero. In effect, taxpayers can now donate qualifying securities with appreciated gains to a charity and not have to pay any tax on the capital gain that would otherwise be realized. Gift of Securities Form
Gifts of Insurance Policies
A gift of life insurance, by either making the Foundation the owner and beneficiary of an existing policy or purchasing a new policy and making annual premium payments, has many benefits. It allows donors to make a significant gift at a fraction of the value from their disposable income. The annual payments are generally modest and eligible for tax credit, giving annual income tax relief.
A bequest in a will may specify a certain sum of money, a particular asset, or a portion of an estate, to be donated to the Niagara Community Foundation. Donors may specify that a bequest be used to establish a new fund in their name, be added to an existing fund or be added to a fund that the family has established during the donor's lifetime.
Gifts of other Assets
(property, art, royalty interests, closely held corporate securities, gifts-in-kind)
The Foundation will consider gifts of other assets on an individual basis because there are a number of factors to consider with each type of gift. Please contact the Foundation office if you are considering this type of gift.