Plan a Gift

If you are planning a substantial charitable gift, there are several tax-smart ways to donate, such as a gift of securities that will save you the capital gains tax. Please see the list below and expand each item to read more. Your accountant, investment advisor or lawyer will discuss options designed to satisfy your objectives, family needs and financial circumstances. A Quadra Island Foundation representative would be pleased to meet with you to ensure that your gift fits your giving goals.

Securities

Gifts of publicly traded securities that have grown in value are a tax-effective way to give. When you transfer securities to Quadra Island Foundation, you will be issued a charitable tax receipt for the full market value of your gift, and you will not be required to pay any capital gains tax on the transferred securities. Click here for the forms to initiate a securities transfer.

A foundation representative would be pleased to meet with you to ensure that your gift fits your giving goals. Because of the process involved, we suggest a minimum value of $1,000.

Life Insurance

When you give a gift of life insurance, you can turn a relatively small gift today into a much larger gift in the future.

There are three options:

• You may be able to pay a modest amount each month for an insurance policy, making the Quadra Island Foundation the owner and beneficiary. This would give you the benefit of a tax receipt, and at the same time create a future gift of great value.
• You may have a paid-up insurance policy to donate, which would provide you with a charitable tax receipt for the cash-surrender value of the policy. This would provide the Quadra Island Foundation with a sizeable gift in the future without reducing your present income or cash flow.
• You may choose to name the Quadra Island Foundation as the beneficiary of a policy, creating a future tax receipt for your estate.
• Click here to see a graphic that illustrates these options.
• More information is available here and on our Answers to Frequently Asked Questions page.

Funds from Your RRSP, RRIF or TFSA

It’s possible to designate the Quadra Island Foundation as the beneficiary for your RRSP, RRIF or TFSA. Or, you can bequest of any of these in your will. Your estate will receive a charitable tax credit that will reduce taxes owed.

Charitable Trusts

A trust transfers assets to a trustee to hold for the benefit of another. This is done to control future distribution of wealth, to protect assets and for tax and estate planning.

It’s possible to set up a charitable remainder trust which enables the recipient—usually either a donor or a member of the family—to receive lifetime income from the trust, with Quadra Island Foundation becoming the capital beneficiary when the trust recipient dies.

Financial and legal advisors can help you explore the suitability of trusts.

Leave a Gift in Your Will

If you already have a will and wish to include a bequest to Quadra Island Foundation, have your lawyer draft a new will or prepare an addition, called a codicil. Your lawyer will need to know:

Legal name: Quadra Island Foundation
Address: P.O. Box 402, Heriot Bay, BC V0P 1H0
Registered charity number: #71728 4079 RR0001

Honouring a Special Person

We deeply appreciate the many people who choose to make a donation in memory of a loved one. Such donations are added to our endowment fund and benefit the community in perpetuity—a truly lasting remembrance.

Others choose to make a donation to honour a family member or friend for a notable achievement, a significant birthday or anniversary—or just because. Donations that memorialize and honour individuals are recognized in our annual report.

If you are donating to Quadra Island Foundation using PayPal or CanadaHelps, please tell us so we can be sure to connect your donation to your special person.