Giving Wisely

The Community Foundation of the South Okanagan | Similkameen adheres to the highest standards to protect donors’ interests in privacy and accountability.

Tax Benefit

Registered as a Public Foundation with the Canada Revenue Agency, the Community Foundation of the South Okanagan | Similkameen is authorized to issue charitable receipts for income tax purposes for gifts of cash, securities, life insurance, real estate or other forms of property transferred during the donor’s lifetime or later by bequest in a will. Our charitable number is: 140150509 RR0001

You can confirm the charitable status of any charity in Canada by visiting the Canada Revenue Agency’s website.

Questions to Ask

Your charity dollars are an investment, worth considering as carefully as you consider all other financial decisions.

Imagine Canada has put together an excellent Guide to Giving that all donors should read.  In addition, Canada Revenue Agency provides some tips at www.cra-arc.gc.ca/charities.

Here are some guidelines to help you give with confidence.

  • WHAT are your philanthropic goals. Take the time to identify the causes that are most important to you. Do you have a particular area of interest – e.g. arts, environment, poverty – or do you want to support a variety of causes? Think about events or people who have affected your life or your family, your own legacy and the impact you want to have on your community. Making up your mind about what you would like your gift to accomplish is a decision not to be taken lightly.
  • HOW do you want to give?  Do you want to choose a different group each year? Or do you want to establish a long-term commitment that could bring about a substantial change in one specific area? It may make sense to diversify your financial portfolio, but spreading around your giving can limit the opportunity for any of the individual charities to make major change. Also, with the advice of your professional advisor, you can structure your gift to achieve both your financial and your philanthropic goals.
  • WHO do you want to give to?  Investigate the charities. Look at how well a charity communicates who they are, what they do and what they want to achieve. If they’re clear about objectives, they’ll likely be better able to measure and deliver results. Take a look at their programs, so that you can feel comfortable supporting not only the mission of the organization, but also how they’ll get there.  If there are still questions about a charity, check with the Community Foundation of the South Okanagan.  If we don’t know the back story on the organization we will help you find out.
  • IS the charity transpart and open? A charity should be able to assure you that your gifts are being used as you intended. It should have a specific policy on donor rights, including privacy. And it should provide financial results on request.

Investing time and attention to these guidelines will maximize the impact of your giving for you, for the charities you support and for your community.

Make a donation today.

Thinking of starting a Private Foundation? Read more here…