Community Foundation offers productive gift-giving option for all of Castlegar
By Castlegar Source
The Community Foundation of Castlegar and District received charitable status from the Canada Revenue Agency earlier this year and can now issue tax receipts to the donors.
Community foundations receive donations from local citizens who wish to give back or leave a permanent legacy in their hometown. These charitable gifts are endowed – pooled and invested carefully. The capital is never touched but provides a perpetual source of income to meet community needs. Donations can be made to the general fund or other options. Donor advised funds allows for continued input into future granting choices. Named funds recognize an organization, family or corporation in perpetuity. Donors can choose a specific field of interest or direct that the income go to a particular local charity or cause they support.
“Charitable gifts can maximize tax and other financial planning benefits,” said Foundation president Bob Jackson. “As the year end approaches, we wish to offer our thanks in advance to all those who will give a donation to the Foundation to make a difference in our community. Our vision is to build a better community, now and forever.
“We are now planning a community launch to provide details about the granting policies and procedures to accept applications for funding,” he added. “The launch will be in the spring of 2014 with the invitation and details to be placed in the media and on our website www.communityfoundationofcastlegar.org .”
Community Foundations have been in existence for over 15 years in the West Kootenay and Boundary Regions. Castlegar is the eighth community in the region to develop a Foundation. The Community Foundations of Canada website has much information – www.cfc-fcc.ca
If you are searching for a way to give back to your community, consider a donation to the Community Foundation of Castlegar and District. Consult with your financial advisor, or call Jackson at 250-365-6113.
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