Ways To Give
Achieve your charitable goals by centralizing all your giving in one place, then benefit from efficient, tax-wise giving methods.
We pride ourselves on our flexibility and expertise in helping you develop a philanthropic solution that fits your goals.
Are you considering opening a fund at the JCF but are not sure what type of gift to make?
Here are a few options to consider.
Making a Gift Today: A DAF
Witness the impact of your generosity in real time. It all starts with a Donor Advised Fund.
A DAF allows you to make simple, tax-effective donations whenever you please.
The benefits are many:
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Receive a charitable tax receipt immediately after donating
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Grow your funds and therefore your impact tax-free
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Fund your account from a wide variety of assets
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Check your balance and contribution history anytime
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Centralize all tax receipts in one digital location
Do you wanna make the world a better place? We make it easy to create the change you wanna see in your community. How?
By creating a donor-advised fund, you can simplify how you manage your philanthropy. Centralizing all your giving in one place enables you to give to the causes you choose in the most tax effective way. Essentially, it’s a bank account for your philanthropy.
Here’s how it works. You make a deposit in your fund in the most tax wise way. We can help you determine that. You then get a charitable tax receipt, which you can use against your income tax filing this year or over the next five years. With that in place, you can now recommend grants to any registered Canadian charity. Notify us of your grants by email, phone, or through our automated online system.
We’ll process your grants twice a month, all in your family’s name. That’s right. No more checks to write or looking for misplaced receipts.
We manage everything for you. You’ll continue to receive proper recognition from your favorite charities, and we send you quarterly statements so you can track your fund.
It’s like having your own private foundation without the costs, administrative and investment burdens leaving you more time to experience the joy of giving.
What’s more we offer you complete privacy, flexibility, and expert advice. You can either choose to invest your fund in our pooled investment fund, or in some cases recommend a manager of your choice. Our team is here to support your charitable goals, whatever they might be.
If you think a donor-advised fund could be right for you, contact us.
If you have an investment portfolio, you probably know that in Canada all gains are taxable, but there is an exception.
You can donate marketable securities and have zero tax to pay on the gain. This is one of the most tax effective ways to give to your favorite charities.
Let me explain. Selling Marketable Securities triggers a 50% tax on the gain. However, if securities are donated into your fund at the JCF, there is no tax to pay and you get a donation tax receipt. For the full market value.
Brokers buy and sell stocks all the time as they manage your portfolio. So anytime you sell stocks that have appreciated in value, you get hit with a capital gain that is taxable. But if you instruct your broker to transfer those marketable securities into your fund at the JCF, there is no tax to pay.
Let’s look at this in more detail. You bought marketable Securities valued at $50,000 a number of years ago. They’re now worth a hundred thousand dollars. If you sold them, your tax exposure would be $25,000. That’s roughly $12,500 to pay in tax if you donate them into your fund At the JCF, you get a donation tax receipt for the full market value.
You now have a hundred thousand dollars in your fund to grant to your favorite charities, and you pay zero tax. Donating. Marketable securities from a holding company can be even more beneficial.
JCF is where smart philanthropy starts.
Contact us for more information on how we can help you reach your goals.
Gifts of Cash
and Marketable
Securities
Making a cash donation is hassle-free: Simply write a cheque, set up a bank transfer, or authorize a charge on your credit card. A gift of cash will generate a tax receipt in the year it is given.
For gifts of publicly traded securities, bonds, or real estate, a tax receipt will be issued for the fair market value of the gift at the time of the donation. For gifts of securities and real estate (on a secondary residence), you may also benefit from tax savings by eliminating the potential capital gains tax.
Securities Calculator
Making a
Deferred Gift
When you make a deferred gift, you can incur significant tax advantages for your estate while leaving a lasting legacy for future generations.
Get Started
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Bequest
A bequest is a flexible gift that gives you full control of your assets during your lifetime, while also preserving the ability to make modifications to your future gift. You can structure a bequest to leave a specified dollar amount, a percentage, or the residue of your estate in your Will. The estate will receive a tax deduction for any bequest to a charity. Most importantly, because you are not actually making a gift until after your lifetime, you can change your gift at any time.
*These descriptions are informational only and do not constitute legal or tax advice as to how a specific gift vehicle will impact you. Always consult with your professional advisors. -
View Transcript
Would you like to leave a legacy to causes close to your heart at a relatively low cost? You can use life insurance to reach your philanthropic goals.
Here’s how it works.
You take out a life insurance policy naming the JCF As owner and beneficiary. You pay the premiums annually and in exchange, the JCF provides you with a donation tax receipt for the value of your annual premiums. At death. The JCF will receive the proceeds, set up a fund in your name, and give to the causes you have designated.
It’s an easy way to make a meaningful gift. For example, let’s say you’re a 48 year old woman in good health and you take out a life insurance policy of a hundred thousand dollars, naming the JCF as the owner and beneficiary, your annual premiums would be about $3,600, which qualify for a donation tax receipt resulting in a tax savings of $1,800 each year.
If you pay this policy off in 10 years, it costs you $18,000 to create a legacy gift of a hundred thousand dollars. In this simple way, you create so much value for the charities that you care about.
You can also donate a policy owned by a company, so your company pays the premiums at death.
The proceeds are received by the company, paid out to the estate, and then pursuant to the terms of your will, a donation is made to the JCF. The JCF will then provide the estate with a tax receipt for the proceeds, which as you can imagine is incredibly valuable, often leading to a negligible or even no-cost gift.
You can also donate mature insurance policies you no longer need.
Life Insurance
Modest investment, significant impact. Either purchase a new policy and name the JCF as owner and beneficiary or transfer an existing policy that you no longer need to the JCF.
Click for Illustration Gifts of Life Insurance Calculator -
View Transcript
You’ve been thinking about making a meaningful contribution to a cause close to your heart, but wonder if you might need to rely on the income that would otherwise be generated by your capital.
What if you could do both?
Give generously now while taking care of you and your loved one’s.
Financial security.Both are indeed possible with a charitable remainder trust, which allows you to donate now while still benefiting from the annual income of the trust.
Here’s how it works. Let’s say you and your spouse are 74 years old and would like to donate $1 million to your favorite charity. You make a donation to the JCF using a charitable remainder trust based on actuarial calculations.
You could receive a donation receipt of $700,000, which you can use to offset taxes now or over the next five years.
If you’re in the highest tax bracket, that will save you approximately $350,000 in taxes. That’s an immediate benefit to you, but you benefit long-term as well. In our example, you could get 3.5% annual return, giving you $35,000 of income every year during your and your partner’s lifetime.
Now you’ve created a legacy gift of a million dollars that will benefit the charities you care about most.
The JCF team is here to support your philanthropic goals. If you think a charitable remainder trust might be right for you.
Contact us for more information.
Charitable
Remainder TrustA Charitable Remainder Trust (CRT) is a tax-saving alternative for older donors who want to make a gift while preserving or maximizing their current income. It offers the donor lifetime income along with substantial, immediate tax savings. After your life, the property in the trust will be transferred to the charity of your choice.
Click for Illustration Gifts of CRT Calculator
Frequently
Asked Questions
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You can give in several ways:
Cash Donations: Make gifts by cheque, credit card, or bank transfer.
Publicly Traded Securities: Donate stocks, bonds, or mutual funds that have appreciated in value, receive a donation tax receipt based on the full fair market value, and be exempt from capital gains tax.
Life Insurance: Donate a new or existing policy to the JCF, or designate the JCF as the beneficiary of a policy. Let us know how you want the proceeds to be distributed.
Bequests: Include the JCF Montreal in your will or estate plan and let us handle disbursing it to the charities you recommend.
Charitable Remainder Trust (CRT): Donate assets into a CRT, receive an immediate donation receipt based on the present value of the gift, and receive steady income for life from the assets. Let us know where you want to direct the capital.
Gifts of Real Estate: Contribute property such as land or buildings.
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DAFs let you establish a fund with an initial tax-wise gift, receive an immediate donation receipt, and recommend grants to registered Canadian charities over time. The JCF handles the administrative and investment management, making giving simple and flexible. Any taxpayer can donate into the fund; the taxpayer that donates the asset is the one that receives the donation receipt. All gifts are combined in one fund, and granted to registered Canadian charities of your choice, recognized in your fund’s name. Think of it as your philanthropic bank account!
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Yes. You can make a donation in someone’s name or establish a fund in their honor, which provides recognition and supports the causes that matter most to you and your family.
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Contact the JCF to discuss your philanthropic goals. Together with financial advisors, our team can help you choose the most suitable giving option and guide you through the donation process while ensuring tax efficiency.