Deep River and District Community Foundation



Donating to the Deep River and District Community Foundation

Types of Donations

  • Flow-through (immediate use) to a local charitable organization of your choice for current needs
  • Cash donation to an endowment Fund of your choice
  • A gift of stock, bonds, property, art, or insurance
  • A bequest in your Will — cash or any of the above

Donations may also be made In Memoriam or for special occasions as a Gift. Either In Memoriam or Gift donations can be any of the above. See "Submitting your donation" below.

If an aggregate of $5,000 or more is donated, one can start a Fund, perhaps to honour a person or support a favourite cause, and name conditions for disbursal of its earnings. See "Starting your own endowment fund" below.

Tax benefits of Charitable Donations

All donations of $10 or more will be eligible for a tax receipt.

Tax benefits from bequests are more beneficial to an estate than are the immediate benefits from life time donations. You may want to consider remembering the DRDCF in your Will.

Tax Receipts

Tax receipts for donations received between January and June will be sent out mid-year. Those received between July and the end of December will be sent in time for tax filing.

Submitting your donation

Fill out the Donation Form , In Memoriam Donation Form , Gift Donation Form , or Pledge Form  and send your gift to:
PO Box 1171 , Deep River, ON, K0J 1P0

  • Cheques should be made payable to "DRDCF"
  • Include your address and email on the donation form to ensure that you receive a tax receipt
  • Indicate whether your donation is to be placed in an Endowment, Flow-through (for immediate use), or a Bequest
    • Endowment — Indicate the Fund to which the donation is to be applied. If you do not specify a Fund, you may specify a charitable area — if you specifiy neither a Fund nor a charitable area, your donation will be placed in the Community Fund, under Unrestricted Funds (see Funds tab)
    • Flow-through — Indicate which charity you would like your donation to support
    • Bequest — Indicate whether your donation will be an endowment or a flow-through to a charity

For additional contact information please see the Contact page.

Donations to the DRDCF can also be made through CanadaHelps.org.

Starting your own endowment fund

Reasons you might consider starting a special fund include:

  • An exciting family project, to collect within the family, or from special friends and endow a fund in memory of a loved one.
  • A business or company wishing to honour a respected colleague.
  • A club which may want to invest for the future.
  • Alumni wishing to endow a scholarship.
  • A (charitable) organization might want to invest a surplus for future purposes.

The advantage of endowing a Fund with the DRDCF is that the Foundation will look after the investment, tax reporting and all the management of your endowment. You will receive the tax advantages of the investment in the form of a receipt to include with your tax return. You can define the charity or class of charities that will benefit from your generosity, and you can advise the Foundation on a regular basis on how the income from your Fund should be used if you choose (a Donor-Advised Fund).

The first step in starting your own Fund is to discuss your aims and intentions with the Foundation. Please contact the DRDCF Secretary — see the Contact page.

Possible endowment funds include:

  • A Memorial Fund - a lasting memory of a loved one - each year grants made from the fund income will be announced.
  • A Scholarship Fund - each year a donation will be made to an institute of higher education in support of a named scholarship recipient.
  • A Designated Fund - income from the Fund is directed to a specific charity or group of charities.
  • A Donor-Advised Fund - the donor, or successors, advise the Foundation on the allocation of the income from the Fund.
  • A Registered Charity Fund - the Foundation will administer and invest the assets of a local charitable organization.

The possible endowment choices are limited only by the rules of the Federal tax department.

Bequest Donations

If you leave a gift to the Foundation as part of your Will it is automatically placed in an Endowment Fund. There is no need to make a request for endowment, but you may wish to give a direction on the use of the gift.

There are some tax advantages to making a donation through a bequest, the principal one being that whereas the living tax payer may donate only 75% of annual income and receive tax reduction privileges, an estate may donate 100% of income for the year of death and a further 100% for the last full year of life. It is possible for your estate to be tax free, if you donate an amount equal to all the tax owing to one or more charities. You may prefer your money going to a charity rather than into the coffers of the government.

Discuss the possibility of a bequest with your lawyer when making your Will.

There are several more complex ways of realizing a donation similar to a bequest. You should discuss the details of these arrangements with your insurance company or your lawyer.

How do donors give to Community Foundations?

Canada's 191 Community Foundations receive most of their funds from donations of cash. In 2015, total assets of Community Foundations in Canada amounted to over $4.8B. These assets enabled grants of more than $215M to be given to Canadian community organisations and charities in 2015.

Other ways to give include donations of shares, bonds, and mutual funds, as well as real estate, works of art, insurance, bequests, and transfers from private foundations. Bequests are typically donations of cash or property left in Wills or given by the estate of the deceased. Much of the money available to foundations in large cities comes from significant bequests, often in the million-dollar range.

Please consider giving to the DRDCF when making your Will, or when making decisions as executor during estate disbursements.