A donation often costs less than you think. For example, a $1,000 donation made in Manitoba generates a tax credit of approximately $422.80, and so the actual cost of your donation is $577.20. In just a few seconds, Canada Revenue Agency's charitable donation tax credit calculator can determine the total tax credits of your donation.
Strategic charitable giving can help you save on taxes while supporting the charities you care most about.
Choose what works best for you.
GIFTS OF CASH go to work immediately to meet the fundraising priorities of the school and our students.
CHEQUES can be payable to Balmoral Hall School and mailed to:
Philanthropy Office Balmoral Hall School 630 Westminster Avenue Winnipeg MB R3C 3S1 Canada
CREDIT CARD DONATIONS may be made Visa, MasterCard or American Express.
To make a gift on your credit card, please choose an option:
Mail your credit card information to the address above.
ONLINE PAYMENT THROUGH BANK may be made directly to Balmoral Hall School. Most major banks have Balmoral Hall School set up online as a ‘Bill Payee’ (unfortunately Credit Unions do not). Simply log on to your online banking portal, and add Balmoral Hall School as a Bill Payment Payee (like you would pay your utilities). Under account number/name please use “DONATION.” Please note once you submit it could take up to 2 business days to receive your donation through to our bank.
SECURITIES can be donated by downloading this Securities Transfer Form. Please contact the Philanthropy office to discuss your plans so we can work with our broker to arrange the contribution. Click on the tips below for more details!
Your gifts must be completed by midnight on December 31st in order to receive a charitable deduction for the current tax year.
Although Balmoral Hall is closed for the winter break at the end of December and into early January, you can still make an online donation, or mail a cheque. Ensure the post-mark on your envelope is dated in December to qualify. Keep in mind that gifts of stocks or other securities may take 2-3 weeks to process at year-end.
*Please note that if you are making an online donation, your credit card will not be processed until the week of January but still qualifies for a tax receipt dated with the previous year.
Do you own securities or mutual funds that have increased in value since you bought them? Then making a direct donation of those shares is the more tax-efficient way to support your favourite charities.
The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities. Capitals gains are the increase in the value of your securities over the price you paid at purchase.
When you sell your shares for cash, you’re responsible for the tax due on the gain, even if you plan to donate the proceeds from the sale. If you pay the tax out of those proceeds, there’s less money left to donate. Your charity receives a smaller donation and you have a smaller tax receipt to claim against your income tax at the end of the year.
But when you donate your securities, those capital gains aren’t subject to tax. This means your charity receives a larger gift, and you’ll benefit from a tax receipt for the full value of your eligible securities or mutual funds.
To arrange a gift of securities:
Submit the appropriate Securities Transfer Form to your financial advisor.
Securities are transferred to GMP SECURITIES L.P., Account Transfer Department, 145 King Street West, Suite 300, Toronto, ON M5H 1J8.
Securities are sold and the donation is forwarded to Balmoral Hall School or BH Foundation.
Balmoral Hall School or BH Foundation sends you a tax receipt.
Hundreds of companies across the country match employee contributions to nonprofits. If you are a current employee, spouse or retiree, your employer may have a Corporate Matching Gift Program to augment your contribution to Balmoral Hall School. Check with your human resources department to find out their policies on gift matching.
A big gift seems hard to make until you break it down. Whether you want to contribute once per year, or once per month, we can find something that fits into your charitable giving plans.
We invite you to join the Monthly Giving Program. With options of post-dated cheques, direct withdrawal from your bank account, or on credit card, spreading out your annual contribution over several months can be an easy way to make a larger gift that immediately impacts students.
Please select “Recurring Gift” on the online donation form, or call (204) 784-1615 to arrange a monthly contribution.
The First-Time Donor’s Super Credit supplements the value of the charitable donation tax credit by 25% on donations made by a first-time donor. You are considered a first-time donor if neither you (nor your spouse or common-law partner) have claimed a charitable donation tax credit since 2007. Visit the Canada Revenue Agency to learn more about the First-Time Donor’s Super Credit.
You can receive a U.S. tax receipt for your donation to Balmoral Hall School. Simply make your check payable to:
FRISBE (Friends of Independent Schools & Better Education) and mail to: 811 Karl Johan Avenue N. Tacoma, Washington 98406 U.S.A. Please note on your check that you wish them to direct your donation to Balmoral Hall School.
You can also receive a U.S. tax receipt for your donation to any BH Endowment Fund held at The Winnipeg Foundation. Simply make your check payable to:
The Winnipeg Foundation U.S.A. and mail to: The Winnipeg Foundation 1350 – One Lombard Place Winnipeg, Manitoba R3B 0X3 Canada
Did you know you can continue doing what you love - supporting a bright future for BH girls - even after your lifetime? Many of our donors have found that arranging a gift as part of their estate plans provides an opportunity to make a larger gift than they ever thought possible.
The most popular options are:
A bequest in your will
A life insurance policy where Balmoral Hall is named the beneficiary
To learn more about our legacy program and recognition offered through the Meliora Petens Legacy Society, please click here.
If you are new to our school community or are unsure where your support is most needed, consider choosing to give to the Head’s Fund. This fund allows Mrs. Kamins to take advantage of opportunities throughout the school year and make an immediate difference in the lives of BH girls.
Working with advisors who understand the tax planning opportunities above is the key to success. They can help you avoid potential problems and maximize opportunities you may not be aware of.
Please note: This information is not intended as legal or tax advice, and Balmoral Hall School recommends that you consult with your personal tax adviser regarding charitable deductions, as your tax circumstances may be different.
Donate securities and don't pay capital gains tax.
Cash and listed securities are the most common property used for making gifts in Canada, but why are gifts of listed securities becoming so popular? Read an article by DeWayne Osborn published in the spring 2014 issue of Balmoral Hall’s Portal magazine to compare a donation of cash to a donation of securities.
Find out how on a $100,000 donation, the after-tax cost can be as low as $21,600.
This article in the Globe & Mail by Tim Cestnick illustrates a real example of how a donation of securities from a corporation can save you big tax dollars.