There are many ways to help Out On Screen. With a little planning, you may be able to save on taxes and give a much larger gift than you thought possible. Please contact Drew Dennis at drew@outonscreen.com or 604.844.1615 to discuss the possibilities.
Securities
Great news for donors! Gifts of securities are now the most tax-efficient way to make a charitable donation, thanks to the elimination of capital gains on donations of publicly-traded securities. You can donate stocks, bonds and mutual funds. Shares in private corporations and stock options are not eligible. You can donate securities to Out On Screen easily and safely through our online giving program, Canada Helps. It is easy and takes only a few minutes of your time.
Learn more about the benefits of donating securities through CanadaHelps
Making a gift in your will
A charitable gift in a last will and testament, known as a bequest, can be in the form of a sum of money, a specific property, a percentage of the residue of your estate or a contingency gift. The tax credit resulting from a bequest can provide valuable tax savings to your estate.
Life insurance giving
Life Insurance is one of the easiest and most affordable ways to make a legacy gift and results in a current tax deduction. If you find that you have an existing life insurance policy that is no longer required for its original purpose, it is easy to make this policy a gift. Another way to give with life insurance is by purchasing a new policy and naming Out On Screen as both the owner and beneficiary. A tax receipt is issued for each premium payment, resulting in immediate tax savings.
Registered Retirement Savings Plan giving
By designating all or a portion of your RRSP's or RRIF's to Out On Screen, you can create considerable tax savings for your estate.
Strip bond
"Strip" may sound a little risqué, but actually strip bonds are a great giving alternative. By purchasing a strip bond, a small payment today can result in a substantial gift to Out On Screen in the future. The reason is simple: because the principal can be locked in for up to 30 years, the return of a properly established strip bond is normally quite large. Giving a strip bond means that you are making a major future donation by giving a small amount in the present.
Trusts
With a trust, the donor transfers title of a money-earning asset (i.e. investment) to Out On Screen, but we continue to transfer to the donor all the income that is earned on it. When the donor dies, the asset and all of the income it earns belong to Out On Screen.
* The information presented here is intended to give you an overview of gift options. We strongly recommend that you obtain independent professional advice to ensure your financial goals are considered, your tax situation is reviewed and your planned gift is tailored to your individual circumstances. This information is not intended as legal advice.
Registered Charity #890743792 RR0001
The Vancouver Out On Screen Film and Video Society
