Together We Can Make A Difference
We are a local organization established, governed, and operated by local people who care.
We bring donors to the table as community builders and work closely with them to align their philanthropic vision with the community’s needs. Further, we provide a highly personal and flexible service to our donors and accept a wide range of assets that provide donors with maximum tax advantages.
With your donated asset and our due diligence, we build a permanent fund that provides a regenerative, passive source of income to support and enrich the community we all live in and love.
By connecting visionary donors with causes that truly matter, we’re able to invest in people, projects and non-profit organizations that make our communities stronger – now and for the long-term.
Together we can create something special that will last forever.
Read about the types of gifts we accept below, and use the Giftabulator® to see the impact of your gift – on your taxes and for our community.
There are 6 main types of gifts
Cash
Cash gifts can be made by donating hard cash, cheques or money orders, e-transfers, payments on credit card, or a pre-authorized contribution, which can be set up for donations made monthly, annually, or on any schedule of your liking.
Cash gifts are appropriate for any donor of any age who can afford to give up some principal and the income it would otherwise earn.
E-transfers can be sent to donations@crfoundation.ca
Cheques can be mailed to:
Box 736
Campbell River BC V9W 6J3
Credit Card Payments are accepted using the fillable form at the bottom of this webpage. We use PayPal to accept payments but you do not need a PayPal account to complete this form, just a credit card number.
Pre-Authorized contributions can be set up in your online banking portal or by contacting or visiting your bank in person.
Appreciated Securities
Appreciated Securities can include publicly listed shares, rights, and debt obligations, shares of a Canadian public mutual fund corporation, units of widely held Canadian mutual fund trusts, and more.
Appreciated Security donations will result in an immediate donations receipt for fair market value of the security, determined as the closing price on the day the gift is received by the Campbell River Community Foundation. This type of gift results in favorable reductions in capital gains taxation, and can be made during a donors lifetime or after, through their estate.
This type of gift is most appropriate for donors with investment portfolios that include appreciated securities.
The Campbell River Community Foundation is set up to receive the gift of appreciated securities directly. By donating directly to us, a donor ensures the full value of their donation is received and that no third party deducts an administration or processing fee from their donation.
This form can be used to make a direct donation to the Foundation:
Voluntary_Donation_to_Charitable_Organization
Wills, Estates, and Bequests
Including a charitable bequest in your estate plan ensures that a donors possessions are distributed as they see fit, rather than as the government determines. Further, the inclusion of a charitable bequest reduces the tax owing on the estate. If the bequest is significant enough, it has the power to completely eliminate taxes on the estate entirely.
Individuals can consider a bequest of cash, securities, RRSPs and or RRIFs, real estate, or gifts of other tangible property.
While not required, a donor might consider establishing a named fund with the Campbell River Community Foundation during their lifetime and leaving their willed asset to their already established fund.
This type of gift is appropriate for any individual who has a net positive valued estate. For thorough and complete advice on charitable bequests through estate planning, individuals should work with a certified estate planning professional.
For clarity in a bequest, please stipulate the Campbell River Community Foundations charitable registration number: 870435161 RR 001
Real Estate
A gift of real estate can vary from personal residences and vacation homes to rental properties, farmland, and commercially developed land. A donor may choose to give a gift of Real Estate immediately if they realize they no longer require a property, or they may consider retaining the use of the property during their lifetime and leaving the property to their chosen charity in the form of a Charitable Remainder Trust and claiming a tax credit for the charitable portion of the gift.
Life Insurance
Life Insurance is a commonly acquired earlier in life by parents, homeowners, and business owners, to protect against economic loss in the event of their premature death. It may be acquired later in life to provide the liquidity needed to settle an estate and pay taxes.
When an individual reaches a financially stable or positive place in their life, often they let their life insurance policy lapse. Individuals with life insurance policies should talk to their insurance provider about either transferring ownership of the policy to the Campbell River Community Foundation, or continuing to pay their policy and naming the Campbell River Community Foundation as the beneficiary of the policy. This is a practical way to make a significant gift to the CRCF.
Donors who transfer ownership of the policy will receive a donation receipt for the cash surrender value and annual premiums paid on the policy. Donors who retain ownership rights of the policy and name the Foundation as the beneficiary will receive a donation receipt to their estate for the full value of the death benefit.
Donors considering a Life Insurance gift should work with their life insurance advisor to ensure clarity and accuracy for this type of gift.
Charitable Remainder Trusts
Charitable Remainder Trusts can be of interest to donors with significant assets that wish for the income of their trust to continue for their heirs lifetime and are interested in gifting the remainder to the Campbell River Community Foundation.
This type of donation is most appropriate for donors with considerable assets and still require income or wish to provide income for an heir but wish to make a gift of the remainder trust. Examples of gifts can be investment assets, real estate, artwork, or other high valued assets.
Donors benefit from this type of gift by receiving a donation receipt for the present value of the remainder interest, they retain the income generated, and they can eliminate probate fees of their trust is established during their lifetime.
Donations FAQ’s
- Pools the charitable gifts of many donors into a permanent income earning endowment that benefits the people of the Campbell River area.
- Makes grants from the earnings of the endowment fund to support a broad variety of initiatives, from health, education, social services, to arts and culture.
- Provides leadership as a community conveyor, bringing people from all sectors together to address issues and leverage opportunities.
- A volunteer board of directors, donate their time and skill sets to lead and manage the Foundation.
- The foundation also employs a staff of two comprised of an Executive director and administrative assistant who ensure the work gets done.
We offer different types of funds to help donors fulfill the impact that is the most meaningful to them.
Endowed Funds are pooled in our Endowment Fund and are permanent. Annual income from the fund is made available based on the structure of the Fund Agreement between CRCF and the establishing donor.
- Unrestricted Funds – these help us make grants each year based on changing community needs.
- Field of Interest Funds – these funds make grants that support a particular area of interest that you may have – perhaps its children, environment, mental health, or something else!
- Agency Funds – these are started by registered charities and the revenue is returned annually to the charity that established the fund to support their changing needs – perhaps its administration, a pilot project, a capital acquisition, or something else. It can change from year to year.
- Restricted Funds – these are similar to Agency Funds, but they are started by a donor instead of a charity.
- Donor Advised Funds – a donor will make a recommendation to the Board of Directors annually for final approval on which organization the revenue should go to.
- Scholarships – when a donor endows a scholarship fund one time, it returns income every year that is made available to students that fit the criteria of the application as per the donors interests.
- Memorial Funds – these are funds that are endowed and return income every year in memory of the late loved one. Memorial Funds can be established in any of the above listed areas from unrestricted to scholarship funds.
Non-Endowed Funds are when a donor, corporation, or other funder provides funding to the Foundation to make available immediately. Funding an unfunded grant application, Neighbourhood Small Grants, the Community Services Recovery Fund, and the Community Prosperity Fund are examples of non-endowed funds that we sometimes also refer to as Flow Through Funds.
All types of endowed and non-endowed funds are reviewed by the Board of Directors and disbursed in accordance with CRA regulations.
An endowment fund, quite simply, is money set aside (invested) to earn revenue to fund some type of charitable activity. The principal value of the endowment fund is kept intact, while the investment earnings can be distributable dollars used for charitable grants to nonprofits. Thus, an endowment fund can be held permanently, allowing donors to support causes they care about in perpetuity.
- Establishing and endowment allows donors to support Campbell Rivers needs in a lasting way while suiting the donor’s interests.
- With considerable tax benefits an endowment fund can be an important part of your overall financial plan.
A selection committee examines at all the applications and decides how to divide up the funds, based on the needs of the community.
Vital signs is a detailed report done semi annually that measures the vitality of our community and supports action towards improving the quality of life.
