There are many ways to give to Canadore College. We can help you determine what works best for you: a one-time or a monthly gift, an annual gift, a gift in kind, a corporate gift or a gift for the future.
Annual gifts help strengthen all areas of the College, from infrastructure to programming, financial assistance and awards, and the overall student experience. No matter what you give, or whether it is a one-time or monthly gift, all funds received throughout the year make a significant impact.
Gifts In Kind
Gifts in kind may include supplies and other instructional resources, equipment, and property other than cash.
Please note that gifts in kind are accepted at the discretion of Canadore College, and that acceptance is contingent upon whether the gift contributes to the mission of the College. Ultimately the final decision rests with the College’s Executive Team.
If your gift is accepted, Canadore College will issue a donation receipt for the fair market value of the gift as determined by an appraisal process. Gifts valued at $1,000 or less may be evaluated by a knowledgeable College staff member; for gifts greater than $1,000 an independent appraiser must assess the value.
If you are considering making an in-kind gift and would like more information regarding the appraisal process, please contact firstname.lastname@example.org.
Gifts of Securities
Current Canadian legislation allows you to donate publicly traded securities, mutual funds and bonds directly to Canadore College, to avoid paying the capital gains tax on your investments (provided the securities are transferred directly and not cashed first). Donors benefit from excellent tax incentives for gifts of securities.
Gifts of Life Insurance
Donors also benefit from tax advantages for gifts of life insurance, in addition to being able to make a significant contribution to Canadore at a modest cost.
Deferred tax advantages
When you name the College as your policy’s beneficiary, the gift remains outside of your estate and your estate is entitled to a tax credit.
Immediate tax advantages
When you name the College as the owner and beneficiary of a new policy, you immediately receive tax creditable receipts for any premiums paid.
When you transfer ownership of an existing policy to Canadore and also name the College as the beneficiary, you immediately receive tax creditable receipts for the policy’s cash value.
RRSPs and RRIFs
You can also name Canadore College as the beneficiary of your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).
By leaving a gift to the College in your will, you can support our students and innovative programming well in to the future.
We encourage you to discuss any significant giving opportunities with a financial professional.
We’d be happy to discuss these giving opportunities with you and/or your clients.