It is with your support that any student, regardless of their financial background, will graduate with the skills required to pursue the career of their choice. The Cambrian Foundation has several options on how you can contribute to the success of our students.
Gifts in Kind
A wide range of non-cash donations, such as equipment and other tangible personal property are commonly referred to as Gifts in Kind. These gifts help to enhance our student’s educational experience.
Benefits of a gift in kind:
- You receive a charitable tax receipt for the appraised, fair market value determined on the day the gift is made;
- Gifts in Kind can be made during your lifetime, or through your estate by including instructions in your will
Leave a Lasting Legacy through a Planned Gift
Bequests – Wills are a central pillar of estate planning. A gift by will, known as a bequest, provides you with the opportunity to support Cambrian College once your needs and those of your loved ones have been met. Gifts can be a specific dollar amount, a particular asset, or a percentage or residue of your estate.
Retirement Plan Assets – Cambrian College can be named as a direct beneficiary of Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs).
Life Insurance Policy – You can donate a new policy to Cambrian without affecting other assets intended for family members. By making the College the owner and beneficiary of a new policy, the proceeds pass outside of your estate. Life insurance is not taxable when paid out as a death benefit. Payment to the charity is prompt and no probate fees are applicable.
You receive an annual tax deduction for all premium payments. For example, with a donation of a $50,000 life insurance policy with a premium of $500 a year, you can claim the full $500 each year as a charitable donation.
Charitable Gift Annuity – A gift annuity combines your gift to Cambrian College with an annuity. The College purchases the annuity on your behalf through a licensed life insurance company. Your guaranteed annuity payments continue throughout your lifetime, unaffected by changes in the economy or interest rates.
Charitable Remainder Trust – Assets (money, securities, and real estate) is transferred into a trust to be managed by a trustee, such as a financial institution, a lawyer or another individual. The income generated from the capital is paid to the beneficiaries during their lifetime and Cambrian is named as the remainder beneficiary.
Benefits of a planned gift:
- Reduce the amount of tax owed on your estate.
- Have no impact on your current lifestyle.
- Support an institution that is important to you.
- Create a lasting gift for generations to come.
- Commemorate a loved one.
Employees at Cambrian College are the guiding force behind providing our students with an unparalleled learning experience. Each year, many employees go above and beyond by donating to programs, facility enhancements and student scholarships and bursaries.
You can make a one-time gift or an ongoing donation through convenient payroll deduction. And you can direct your support to your own program or division – or to any area that is meaningful to you.
Employee Giving Payroll Deduction Form
Matching Gifts – You Can Double or Triple Your Gift!
Many employers sponsor matching gift programs and will match charitable donations made by their employees. If your company is eligible, the impact of your gift to Cambrian College may be doubled or possibly tripled! This effectively increases the value of your gift at no extra cost to you. View a list of companies with matching gift programs.
To learn more about any of the information above please contact Darlene Palmer, Director of Development at the Cambrian College Foundation, 705-566-8101 extension 7894 or email@example.com