Ways to Give

List of 9 items.

• 1. Determine the cost of your gift

  The Globe & Mail wrote an article recently Charitable Donation Tax Credit Calculator to determine the total tax credits of your donation, based on your income.

• 2. Remember the deadline

  Your gifts must be completed by midnight on December 31st in order to receive a charitable deduction for the current tax year.

   

  Although Balmoral Hall is closed for the winter break at the end of December and into early January, you can still make an online donation, or mail a cheque. Ensure the post-mark on your envelope is dated in December to qualify. Keep in mind that gifts of stocks or other securities may take 2-3 weeks to process at year-end.

   

  *Please note that if you are making an online donation, your credit card will not be processed until the week of January but still qualifies for a tax receipt dated with the previous year.

• 3. Give Securities instead of cash

  Do you own securities or mutual funds that have increased in value since you bought them? Then making a direct donation of those shares is the more tax-efficient way to support your favourite charities.

   

  The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities. Capitals gains are the increase in the value of your securities over the price you paid at purchase.

   

  When you sell your shares for cash, you’re responsible for the tax due on the gain, even if you plan to donate the proceeds from the sale. If you pay the tax out of those proceeds, there’s less money left to donate. Your charity receives a smaller donation and you have a smaller tax receipt to claim against your income tax at the end of the year.

   

  But when you donate your securities, those capital gains aren’t subject to tax. This means your charity receives a larger gift, and you’ll benefit from a tax receipt for the full value of your eligible securities or mutual funds.

   

  To arrange a gift of securities:

  1. Submit the appropriate Securities Transfer Form to your financial advisor.
  2. Securities are transferred to RF SECURITIES CLEARING L.P., Account Transfer Department, 145 King Street West, Suite 200, Toronto, ON M5H 1J8.
  3. Securities are sold and the donation is forwarded to Balmoral Hall School or BH Foundation.
  4. Balmoral Hall School or BH Foundation sends you a tax receipt.

  To make a flow through donation to Balmoral Hall School, for example, to support initiatives like our Student Impact Fund, download the Balmoral Hall School – Flow Through Account Form.
  
  To make a donation to the BH Foundation endowment fund download the BH Foundation Securities Transfer Form.

   

  * December 15 is the Balmoral Hall year-end deadline for donations of securities to allow sufficient time to process the transfer before the school closes for winter break.

• 4. Give someone else's money

  Hundreds of companies across the country match employee contributions to nonprofits. If you are a current employee, spouse or retiree, your employer may have a Corporate Matching Gift Program to augment your contribution to Balmoral Hall School. Check with your human resources department to find out their policies on gift matching.

• 5. Break it down

  A big gift seems hard to make until you break it down. Whether you want to contribute once per year, or once per month, we can find something that fits into your charitable giving plans.

   

  We invite you to join the Monthly Giving Program. With options of post-dated cheques, direct withdrawal from your bank account, or on credit card, spreading out your annual contribution over several months can be an easy way to make a larger gift that immediately impacts students.

   

  Please select “Recurring Gift” on the online donation form, or call (204) 784-1615 to arrange a monthly contribution.
  
  Your Gift Over 1 Year
  

  $10,000	$192.31/week
  $5,000	$96.15/week
  $2,500	$48.08/week
  $1,000	$19.23/week

  *12-month installments
  
  
  Your Gift Over 5 Years
  

  $100,000	$1,666.67/month
  $75,000	$1,250.00/month
  $50,000	$833.34/month
  $25,000	$416.67/month
  $10,000	$166.67/month
  $5,000	$83.34/month

  *60-month installments
  

  
  
  

• 6. Receive a U.S. tax receipt

  You can receive a U.S. tax receipt for your donation to Balmoral Hall School.
  
  Simply make your cheque payable to Friends of Independent Schools & Better Education (FRISBE) and mail to:
  Friends of Independent Schools & Better Education (FRISBE)
  533 – 117 E. Louisa St.
  Seattle WA  98102
  United States
  
  Please note on your cheque that you wish to direct your donation to Balmoral Hall School.
  
  

  You can also receive a U.S. tax receipt for your donation to any of our endowed funds held at The Winnipeg Foundation.
  
  Simply make your cheque payable to The Winnipeg Foundation U.S.A. and mail to:
  The Winnipeg Foundation
  1350 – 1 Lombard Pl.
  Winnipeg MB  R3B 0X3
  Canada
  
  Please note on your cheque that you wish to direct your donation to The Balmoral Hall School Foundation.
  

• 7. Plan a future that costs you nothing now

  Did you know you can continue doing what you love - supporting a bright future for BH girls - even after your lifetime? Many of our donors have found that arranging a gift as part of their estate plans provides an opportunity to make a larger gift than they ever thought possible.

   

  The most popular options are:

  1. A bequest in your will
  2. A life insurance policy where Balmoral Hall is named the beneficiary

   

  To learn more about our legacy program and recognition offered through the Meliora Petens Legacy Society, please click here.

• 8. Keep it simple

  If you are new to our school community or are unsure where your support is most needed, consider choosing to give to the Head’s Fund. This fund allows Mrs. Kamins to take advantage of opportunities throughout the school year and make an immediate difference in the lives of BH girls.

• 9. Seek out good advice

  Working with advisors who understand the tax planning opportunities above is the key to success. They can help you avoid potential problems and maximize opportunities you may not be aware of.