Bowen Island Community Foundation

How to Donate

Any one can give, at any time and in any amount. The larger the pool of capital, the more income can be earned and the more good can be done in our community. For this reason, the Foundation has a number of ways for individuals, families, organizations, private foundations and businesses to contribute to this pool.

Gifts may be made in the form of cash, or pledges over a number of years, stocks, bonds, property, bequests, life insurance, memorial grants, transfer of an existing trust fund, or the establishment of an endowment fund by a charity or charitable organization. You may even choose to contribute to an endowment fund already held with the Foundation. If you are in a Capital Gains situation or are Estate Planning, please consider the Bowen Island Community Foundation.

Charitable tax receipts are issued for all gifts.

Prospective donors are encouraged to Contact a Board member to discuss the range of opportunities for charitable giving through the Foundation.

What about donations of Real Estate and other goods?

Official receipts for income tax purposes must be for the fair market value of the donation. Fair market value must be established before issuing an official receipt. For more valuable in-kind gifts, a formal appraisal is required.

What Happens After I Donate?

Your contribution to the Bowen Island Community Foundation is pooled with other donations in a perpetual endowment fund that earns income. The Vancouver Foundation administers the assets of the Foundation. An Investment Committee appointed by the Board monitors performance and adherence to policy. The Board of Directors makes grants from the income earned on the endowment periodically with advice from the Distribution Committee.

Tax benefits: All donations to the BICF are tax deductible and tax receipts are issued for donations over $20.

How do I claim my tax credits?

When you donate to a registered charity, be sure to get an official receipt for income tax purposes. (Only registered charities can issue these receipts.) Attach the original receipt to your income tax return and complete the section of the return that refers to charitable donations.

---

Our Mission   -   Who Are We?   -   How to Donate   -   Funding Choices   -  Recent Grants   -   Board of Directors  -   Privacy Policy