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| Toronto Arts Council Foundation ph: 416-392-6800 |
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141 Bathurst Street, Suite
101 Toronto, Ontario M5V 2R2 fax: (416) 392-6920 email: info@torontoartscouncil.org |
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Direct Your DonationPut My Money to Work Today!By giving directly to Toronto Arts Fund your contribution is allocated towards the most urgent program needs of Toronto’s arts community. Toronto Arts Fund was initiated in 2002 as part of a ten-year initiative to eliminate the gap in operating revenues between what arts organizations have now and what they really need. Toronto Arts Fund seeks and receives gifts on behalf of the not-for-profit arts sector in Toronto. The Fund is intended to augment, not duplicate, existing fundraising efforts by arts organizations. Invest My Money for Tomorrow By creating an endowment within Toronto Arts Fund your contribution will generate income over the long term, looking after the needs and future of Toronto Arts. Toronto Arts Fund was initiated in 2002 as part of a ten-year initiative to eliminate the gap in operating revenues between what arts organizations have now and what they really need. The capital of your endowment gift is held and invested over a period of years, often in perpetuity, while the income is spent on present-day programming needs. |
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Choose How to GiveOutright GiftAn outright cash gift is one in which every dollar given is allocated directly towards increasing the operating funds of TAC clients. A fully tax receiptable cash gift may be given to TACF at any time throughout the calendar year. Personal or corporate cheques, cash and/or credit card withdrawal are accepted. Ways of Giving Monthly Giving Your annual contribution may be paid monthly through credit card payments or post-dated cheques. All contributions are fully tax-deductible, and a tax receipt will be issued once annually prior to the end of the calendar year, unless you specify otherwise. Your pledge may also be cancelled at any time. Click here to bring up the TACF Monthly Giving Pre-Authorized Debit Agreement form. Gifts of publicly traded securities Donate securities directly to TACF and get a significant decrease in your capital gains tax. Generally, the capital gains inclusion rate is 50%. However, only 25% of capital gains on publicly-traded securities donated to registered charities in Canada (including Toronto Arts Fund) are taxed. Since the tax receipt reflects the full market value of the gift, the tax credits resulting from the gift of security far outweigh the tax payable on the capital gain. Publicly-traded securities include shares, bonds, warrants and options listed on a stock exchange as well as mutual fund units. To make a donation of securities to Toronto Arts Fund, please notify TACF of your intention, and instruct your financial institution or broker to transfer your gift of securities electronically or via certificate form to TACF. You will be receipted for the fair market value of your gift. Gifts of life insurance Make a significant donation to TACF at relatively little cost and is a practical means for you to make a future major gift to TACF and still enjoy benefits of tax relief during your lifetime. Charitable gift annuities Provide a significant gift to TACF that can also provide you some income in your lifetime. Charitable remainder trusts Provide a significant gift to TACF through a trust and receive the income from the trust. Bequest/gifts by will Leave a donation to TACF in your will. TACF is a member of the Canadian Association of Gift Planners' Leave a Legacy program. You can leave a legacy by simply remembering TACF in your will. Please note that undesignated bequests, (meaning gifts that do not stipulate restricted usage of the gifts), are particularly valued as they allow TACF to apply the principal and/or income to its highest programming priorities. Your estate will receive a donation receipt for the full amount of the bequest, this can assist in reducing the tax payable on your final income tax return. It is highly recommended that donors consult with their own tax or legal advisors prior to making a planned gift. Named Endowments You may wish to set up a named fund in honour of a loved one or to mark a special occasion. The minimum amount required to set up an unrestricted named endowment fund is $50,000. The minimum amount required to set up a restricted named endowment is $100,000. Please contact Stacey Sinclair directly to discuss your needs/wishes. |
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