Update #117
With stock markets record-high and the end of the calendar year quickly approaching, there has never been a better time to support KESKUS and to save on taxes!
Even if you have already donated, it’s the perfect opportunity to increase your KESKUS support. By donating before the end of the year, you will receive a 2021 tax receipt, and the tax savings can be even more significant when you donate shares!
This is what it can look like, for Canadian taxpayers, for $10,000 worth of shares that have appreciated in value, donated to KESKUS*, assuming a tax rate of 50%:
With Option B, for Canadians, publicly listed securities donated directly to KESKUS* serve to eliminate the requirement to pay capital gains tax on the appreciation of those shares. Not only that, you will receive a charitable tax credit for the current value of the donated shares.
Donations of shares are also tax advantaged for U.S. donors. Donations of shares must be made to KBFUS, an organization facilitating giving to KESKUS by U.S. donors.
Philanthropy with savings: there’s no better win-win!
December 22, the deadline to initiate the transfer of securities to ensure a 2021 charitable receipt for them, is approaching fast. Donors should consult with their financial advisors to determine what's right for their particular circumstance.
To transfer shares, or to make a leadership gift, please contact Taimi Hooper, Donations Manager, at donations@estoniancentre or at +1.647.250.7136.
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Get involved and help support KESKUS
Please join the growing list of capital campaign donors! KESKUS International Estonian Centre’s donor categories are Kalevipoja Laud for gifts of $100,000 and above (including naming rights for specific areas), Viru Vanemad for gifts of $10,000 and above, and Kungla Rahvas for gifts under $10,000. KESKUS generous leadership donors are listed here.
To make a donation, please call +1.647.250.7136 or email donations@estoniancentre.ca. Donations may be made as a family gift, or in honour of an individual or family. Donations from Canada, U.S. and Estonia will be issued a tax receipt.
Let’s keep in touch!
*in Canada, the donation is made to Estonian Arts Centre, the charity associated with KESKUS. In the US, to KBFUS, an organization facilitating giving to KESKUS by US donors.
**Numbers shown are for illustration purposes only. Actual tax savings arising from charitable donations will vary from donor to donor and depend on the donation amount, actual cost of the shares, sale price, and the donor's tax rate. Donors should consult with their financial advisors to determine what's right for their particular circumstance.