Gift of Securities
You will benefit from receiving a charitable receipt for the full market value of your eligible securities and mutual funds when you transfer them to Salt and Light Catholic Media Foundation. Donations of publicly traded securities are not subject to capital gains tax. To donate securities or to obtain our Letter of Authorization from Donor to Broker, contact Kristen Carey at 416-971-5353, ext. 2223, 1-888-302-7181 or firstname.lastname@example.org.
Gift of Life Insurance
Life insurance is purchased to protect loved ones from economic loss in the event of the premature death of the insured. Thankfully, few of us use it for the intended purpose, and life insurance can be used as an effective immediate or estate planning tool. For immediate tax savings, a policy owner can transfer an existing or new paid up policy and receive a tax receipt for the value of the policy.
You can also name Salt and Light Catholic Media Foundation as the primary beneficiary of all or a portion of a new or existing life insurance policy. This deferred gift to support our media mission provides no immediate tax benefits, but a donation receipt will be issued for any death proceeds received, which will offset the final tax obligations on your estate.
You can donate real estate, shares in privately-held corporations, royalty interests, works of art, jewellery or other property to Salt and Light Catholic Media Foundation during your lifetime or as part of a legacy gift. The donation receipt will show the current fair market value of the property contributed, which will be determined by one or more qualified, reputable appraiser(s) for gifts of $1,000 or more.
Gift of RRSP, RRIF or TFSA
You can designate Salt and Light Catholic Media Foundation as a beneficiary of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF) or Tax Free Savings Account (TFSA).* Naturally, if you are survived by a spouse or adult children, you will want to provide for your loved ones. However, if you are a single individual/surviving spouse without dependants or you have provided for your loved ones in other ways, designating Salt and Light as a beneficiary of all or a percentage of your RRSP, RIFF or TFSA allows you to make a significant legacy gift to our media ministry without compromising your current financial needs.
*For Donors in the Province of Quebec, please consult your tax professional as the guidelines for designating this type of deferred gift differ from the rest of Canada.