Ways to Give

There are many ways to make a gift to the Thunder Bay Community Foundation.  It is important to take the time to determine how to make "the best gift" – the gift that provides maximum benefit to the community within one’s capacity to give. The Thunder Bay Community Foundation accepts the following gifts:

Gifts of Cash
A very straightforward way of making a gift to the Thunder Bay 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 immediately to generate funds to support charity. The donor enjoys immediate tax savings. More Info

Gifts of Appreciated Securities
Gifting appreciated securities enables the donor to give the most to the Thunder Bay Community Foundation for the least cost. Over the past several years, federal budgets have effectively reduced the taxable portion of the capital gain on gifted appreciated securities from 25% to NIL. In effect, the tax payable on the appreciation of the gifted securities is zero so the donation tax credit can be used to offset taxes on other income. More Info

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 you to make a significant gift at a fraction of the value from your disposable income. You can provide for your gift now. Your annual payments are generally modest and eligible for tax credit, giving you annual relief on your income tax return. More Info

Charitable Bequest
A bequest in your will may specify a certain sum of money, a particular asset, or a portion of your estate to be donated to the Thunder Bay Community Foundation. You may specify that your bequest be used to establish a new fund in your name, be added to an existing fund or be added to a fund that you or your family have established during your lifetime. More Info

Charitable Remainder Trust
This is an arrangement under which you irrevocably transfer property (cash, securities or real estate) to a trustee, usually a trust company. You retain the right to the income from the trust, either for life or for a specified term of years. At the end of that time, the residual capital is payable to the Thunder Bay Community Foundation. Expert council is needed to complete this type of transaction. More Info

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.