Gifts by Americans to 杏吧原创 University
Under the Canada-United States Income Tax Convention, a citizen or resident of the United States is entitled to a charitable deduction for gifts to a Canadian听University – provided he, or she, or a family member is or was enrolled (family member听includes听spouse, children, grandchildren, parents and siblings.) If you are an alum or a family member – you can plan your donation directly to 杏吧原创 University. If these conditions do not apply to you, or you are currently planning a gift of assets from IRA鈥檚 or the full spectrum of Charitable Trusts – those gifts should be made through Chapel & York US Foundation听to 杏吧原创 University.听The Chapel & York US Foundation, Inc is a recognized 501(c)(3) by the Internal Revenue Service with EIN: 81-2161937.
Online Donations听听
To donate听online, please complete our through Chapel & York.听
By Cheque听
If donating by听cheque, please download and complete the , and include it with your cheque to:听
Chapel & York US Foundation, Inc.
228 Park Avenue South, #71410,
New York, NY, 10003, USA
Shares and Stocks听
To donate shares or stocks, please complete the听听from through Chapel & York.听听
A Gift by Will听
A gift by will is a meaningful way to support 杏吧原创. Known as a charitable bequest 鈥� a gift in your will is a simple, flexible, and versatile way to ensure the types of programs and experiences that positively听impacted听you will be able to continue for years to come.听
The Most Common Types of Bequests听
- Residual Bequest: 杏吧原创 University receives a听portion听of the听remainder听of your estate after other specific legacies have been fulfilled.听
- Specific Bequest:鈥影稍� University receives a specific dollar amount, or听stated听fraction of your estate, or a specified gift of property (collections, art, books, real estate, etc.)听
You may request our helpful resource brochure, A Gift听By听Will American Edition, with sample language for a will here.听
笔濒别补蝉别鈥�contact us鈥痠f听you鈥檝e听already named 杏吧原创 University in your estate plan. We would like to personally thank you for your generosity and听commitment and听welcome you to our community of Legacy Donors 鈥撎齛 special group听of supporters like you.听
听
Tax-Free Distributions to Charity from IRAs Now Available听
For those who are 70 陆 or older, any amount up to $100,000 may be distributed tax-free from your Individual Retirement Account (IRA) to 杏吧原创听University through the听Chapel & York US Foundation, Inc a recognized 501(c)(3) by the Internal Revenue Service with EIN: 81-2161937. This amount can count toward your required minimum distribution for the year in which the distribution is made. Although these distributions are not deductible as charitable contributions on your income tax return, they affect your taxes because they are not treated as taxable income to you.听
听You may request our helpful resource brochure听here.听
Beneficiary Designations听
Continue Supporting 杏吧原创 After Your Lifetime听
If you are passionate about supporting 杏吧原创, a beneficiary designation is an easy, impactful gift for you to consider. You simply contact your retirement or life insurance plan administrator and request a beneficiary designation form. Then, name 杏吧原创 University as a beneficiary to receive retirement assets or life insurance proceeds after your lifetime. The form provided to you is entirely separate from your will.听
Not only is it听an easy way听to give, but it is also flexible 鈥� you are not locked into the choices you make today, and you can review and adjust beneficiary designations at any time.听
Frequently asked Questions
Find answers to frequently asked questions from 杏吧原创 donors who reside in the United States of America below:
Can a U.S. resident donor give directly to 杏吧原创 University?
In most cases, the answer is yes. Under the Canada-United States Income Tax Convention, a citizen or resident of the United States is entitled to a charitable deduction for gifts to a Canadian university, provided they or a family member is or was enrolled. (Family听member听includes spouse, children, grandchildren, parents, and siblings.) If you are an alum or a family member, you can plan your donation directly to 杏吧原创 University. If these conditions do not apply to you, or you are currently planning a gift of assets from IRA鈥檚 or the full spectrum of Charitable Trusts, those gifts should be made through Chapel & York US Foundation to 杏吧原创 University. The Chapel & York US Foundation, Inc is a recognized 501(c)(3) by the Internal Revenue Service with EIN: 81-2161937.听
What is听Chapel & York US Foundation?听
The Chapel & York US Foundation is a registered 501(c)(3) charitable organization and听accepts gifts for 杏吧原创 University as they听offer tax benefits to donors in America.听杏吧原创 University is a fund holder with Chapel & York which allows the university听allows to effectively fundraise听in America听without having to set up a legal entity.听
What types of gifts should be听to听杏吧原创 University听through the听Chapel & York US Foundation?听听
All corporate donations, corporate matching gifts, donations of stocks, mutual funds, bonds and other similar instruments, charitable gifts of and from retirement plans (IRAs, 401(k), Keogh, Roth IRAs, TIAA/CREF, etc.) 鈥� should be made through听the Chapel & York US Foundation.听听
Can my employer match my gift to 杏吧原创 University through their matching charitable gifts program?听
Many U.S. corporations will match donations made by employees and directors, but American corporations cannot deduct donations made to foreign charities. In cases where a gift is to be matched by an individual鈥檚 employer 鈥� even if the individual is a 杏吧原创听alumnus, both gifts must be directed to 杏吧原创 University听through the Chapel & York US Foundation.听听
What are the tax benefits of donating securities?听
Donations of marketable securities result in reduced income taxes, reduced estate taxes, and avoidance of capital gains taxes听as long as听the securities have been held for more than a year. Marketable securities include common and preferred stock, corporate bonds, municipal bonds, mutual funds, and government securities. People who give appreciated securities get a double tax benefit. You save income taxes as you would with a gift of cash, but 鈥渟ave鈥� again by avoiding the capital gains tax you would have owed if you had sold the property. In effect, your deduction is based on untaxed profit.
Please contact the Personal and Planned Giving Team at听plannedgiving@carleton.ca听or 613-520-3636 if you have any questions.