Strategic Giving

Every donation made to BCU Foundation goes towards supporting community-based, cultural, historical, and educational endeavours in Canada. If you are inspired by the work BCU Foundation has done to support these initiatives and you would like to see this important work continue, then consider making a donation to BCU Foundation.

There are many ways to donate: you can make a one-time donation, a periodic donation, a recurring monthly donation, or leave a portion of your estate to BCU Foundation. Contributions made to BCU Foundation are professionally managed and invested to ensure the highest return and the greatest benefit to the designated cause. Many contributions are tax-deductible and could potentially make a significant impact on your taxes.

Contributions can be made by donating directly to the BCUF General Fund or by creating a Designated or Memorial Fund which leaves a personal legacy by making a meaningful contribution, in perpetuity, to your chosen cause or purpose. The annual income earned from investing the capital of a Designated Fund is earmarked for a specific purpose according to your instructions.

Ways to Donate

You can make a one-time donation to support BCU Foundation’s many Ukrainian-Canadian projects or events. Donations of $25 or more are eligible for a tax receipt.

Your monthly donations will provide continued support to BCU Foundation and its mission to promote the vibrant Ukrainian-Canadian identity and heritage.  You can always change the amount of your donation or cancel at any time. Donations of $25 or more are eligible for a tax receipt.

Leaving a gift to BCU Foundation in your will is a meaningful way to leave a lasting legacy without affecting your cash flow during your lifetime.  In your bequest, you can specify a piece of property, cash, or even a percentage of your total estate you wish to leave to BCU Foundation. Your estate will be issued a tax receipt that could significantly reduce or even eliminate estate taxes.

You may choose to make a gift to BCU Foundation that can be acknowledged, publicized, and put to use in your lifetime. With a living bequest, rather than deferring your donation as part of your will, you can see your how your donation benefits the Foundation and the greater community.

If you donate cash, land or personal assets to BCU Foundation, the tax benefits of this type of donation are immediate. Whether your donation is small or large, up to seventy five per cent of income can be written off. If the donation is deferred after death, up to one-hundred per cent of the income can be written off. In fact, the capital gains tax is waived on donations of property.

If you make a gift of securities to BCU Foundation, you will support many Ukrainian-Canadian endeavours and receive a tax benefit as well. Publically traded securities can include stocks, mutual funds, segregated funds, bonds, and employee stock options. By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation that could reduce your yearly taxes.

If you name BCU Foundation as a beneficiary to your RRSPs or Life Insurance Policy, you will get the benefits of tax- free savings while giving back to the Ukrainian-Canadian community. When it comes to transferring your wealth to the next generation, RRSPs are among your most heavily taxed assets. They can only be rolled over to a surviving spouse, but are taxed if they’re transferred to children or next of kin. By naming BCU Foundation as a beneficiary of your RRSPs, you receive the immediate tax benefit and reduce your overall estate taxes as well.  You can also purchase a new life insurance policy by which BCU Foundation becomes both the owner and the beneficiary of the policy. If the Foundation is named as the owner of the policy, continuing premiums are considered donations and are therefore tax deductible

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