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The following assets can be given outright or can sometimes be used to fund a life-income gift.
Gifts of Cash
Did you know that this simplest of gifts provides a substantial tax credit and delivers immediate benefits to us?
Cash is the simplest medium for a donation, and provides immediate benefits for Wycliffe. Cash can be used to make both outright gifts and life income gifts. You may make your cash gift by cheque, by wire, online by credit card, or by hand delivery to the Stewardship/Development office . If you mail your gift of cash, the date of the gift is the postmark date on the envelope in which it is mailed.
Gifts of $10,000 or more made either in a single payment or pledge over a longer period may be used to create endowed funds for special purposes. An endowed fund is perpetual and the income from an endowed fund is applied to the purpose for which the fund was created.
If you are considering a gift of cash, email us, or call us at 1-800-463-1143, ext. 291 so that we can assist you through every step of the process.
Appreciated Listed Securities
Did you know that the CRA now allows you one of its most significant tax breaks for these gifts?
Here's all the information you need about how to transfer appreciated listed securities—stocks, bonds and mutual fund shares—to us. MORE
Gifts of Real Estate
Did you know that you can make a substantial gift to us through a transfer of residential, commercial, or undeveloped real estate? MORE
Gifts of Business Interests
Did you know that you can give us privately-owned shares or another interest in a family business?
Contact us for more information.
Gifts of Partnership Interests
Did you know that you may be able to transfer an interest in a partnership?
Learn how these gifts are made and how we review such gifts.
Gifts of Artwork and Collectibles
Did you realize that you can give books, antiques or works of art and qualify for a tax credit?
Items of tangible personal property like books, art, and collectibles may bring significant benefit to Wycliffe if we can use them or sell them. When you donate artwork and other property, you receive a donation receipt for the appraised, full market value. You will be taxed on 50% of the capital gain, but your tax credit should exceed the tax on any gain, resulting in net savings for you.
If you are considering such a gift, our office will be able to guide you in determining if the pieces are acceptable, and in securing an independent appraisal to establish the value for your donation receipt.
If you are considering a gift of art or collectibles, email us or call us at
1-800-463-1143, ext. 291 so we can assist you through every step of the process.
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