HOW CAN YOU HELP?
There are several methods to make a donation to the Southern Okanagan Secondary School Enrichment Fund Society. This brochure provides an outline of them to assist you in making your decisions.
Although not the primary reason for giving, a $200 donation may result in a 15% Federal tax credit. There may be an additional credit Provincially (if in BC) of an additional 5%. Therefore, a $200 donation could translate to a $40 reduction in total tax liability. A $400 donation could translate into an additional $90 reduction in total tax liability.
A one-time lump sum of $10,000 at a 5% rate of return results in a lifetime scholarship of $500 annually. You, the donor, may benefit by a tax credit of $4,478.
If you are interested in making a donation, please complete this Donor Form.
The information provided is solely for information purposes and you should consult with your tax advisor.
GIVING
CASH GIFTS
Cash gifts are the most common forms of donation. They may be made in a lump sum donation or may be pledged over a period of years.
The Society accepts one time gifts of cash or annual commitments to provide financial aid in the form of a scholarship awards in the year the gift was given.
The Society may accept cash donations to be designated for specific purposes as agreed upon by the donor and the Society, which furthers the aims of the Society.
Donations are invested and the principal is held in perpetuity. The interest earned is distributed annually for the students’ scholarships.
LIFE INSURANCE AND ANNUITIES
Donations can easily be made through life insurance and annuity plans. The Society may be named the sole beneficiary or may share the benefits with one or more named beneficiaries. Premiums paid on policies and plans where the Society is the owner and beneficiary are treated as donations for tax purposes.
BEQUESTS
Naming the Southern Okanagan Secondary School Enrichment Fund Society as the primary or secondary beneficiary in a will is a method of providing a significant contribution.
GIFTS OF SECURITIES AND PROPERTY
The Society is able to accept donations of real estate, stocks, bonds, gifts-in-kind and other forms of securities and assets in consultation with the Society. The receipted value of the gift is based on its market value on the day of the transfer.
DONATIONS TO THE VANCOUVER FOUNDATION
If you wish to make a donation via etransfer to the Enrichment Fund Society, please send to sossenrichmentfundsociety@gmail.com or if you would like to make a donation in care of the Vancouver Foundation, please refer to the following website: www.vancouverfoundation.ca/sosenrichmentsociety
CONTACT US
Southern Okanagan Secondary School Enrichment Fund Society
PO Box 1445
Oliver BC V0H 1T0