Ways to Donate

Gifts of Cash

Cash is the simplest and easiest gift you can make. All donations over $10 are issued a tax receipt for the full amount of the gift. You may consider making a pledge to EFry or a monthly donation. This allows you to complete your gift by making regular payments over time.

Gifts of Securities

Publicly traded securities include shares, bonds and mutual funds. Tax savings are much greater when donating these publicly traded securities directly to EFry rather than donating the cash proceeds from the sale of the securities. In May of 2006, the federal government announced the elimination of the capital gains tax on such donations. This means even more tax savings for you as a donor. We recommend that you consult an accountant or financial planner when considering this type of gift.

Bequests Made in your Will

By designating EFry as a beneficiary in your will, you can create a lasting legacy without diminishing your assets today. Your estate will be issued a donation receipt for the value of your gift and this may help to reduce possible estate taxes. We recommend that you consult an accountant, lawyer or financial planner when considering this type of gift. It is important to ensure that the legal name "The Elizabeth Fry Society of Greater Vancouver" is the designated beneficiary.

Life Insurance

Gifts of life insurance are made by transferring ownership and beneficiary status of an existing policy to EFry. You may also decide to take out a new policy naming EFry as the beneficiary. You receive a tax receipt equal to the cash-surrender value. We recommend that you consult an accountant or financial planner when considering this type of gift. It is important to ensure that the legal name "The Elizabeth Fry Society of Greater Vancouver" is the designated beneficiary.

Gift of Property

You can donate your real estate property today, continue to make full use of it, and enjoy an immediate tax benefit. We recommend that you consult an accountant or financial planner when considering this type of gift.

Charitable Remainder Trust

A Charitable Remainder Trust is a means for a donor to establish a trust and making an irrevocable gift to EFry. The gift will come into effect upon your death but you will immediately receive a tax receipt for the value of your gift and continue to receive the income earned by the capital during your lifetime. We recommend that you consult an accountant or financial planner when considering this type of gift. It is important to ensure that the legal name "The Elizabeth Fry Society of Greater Vancouver" is the designated beneficiary.

RRSP & RRIFS

You may choose EFry as a beneficiary of your RRSPs and RRIFs. This means that all or a portion of these assets could be left directly to EFry upon your death without having to pass through your estate. This can reduce or eliminate probate fees payable on these assets. The taxes owing on your donated RRSPs or RRIFs at death may be offset by the charitable tax credits generated by your donation. We recommend that you consult an accountant or financial planner when considering this type of gift. It is important to ensure that the legal name "The Elizabeth Fry Society of Greater Vancouver" is the designated beneficiary.

Charitable Insured Annuity & Charitable Gift Annuity

You can be guaranteed to receive regular payments for the rest of your life that are largely tax-free and you can provide for a significant future gift to EFry. We recommend that you consult an accountant or financial planner when considering this type of gift. It is important to ensure that the legal name "The Elizabeth Fry Society of Greater Vancouver" is the designated beneficiary.

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