Growing Your Fund
The Jewish Foundation of Manitoba accepts the following forms of charitable gifts:
A gift of cash by cheque or credit card is the most straight-forward type of charitable gifts.
Publicly Traded Stocks, Bonds, Mutual Funds
Gifts of appreciated stocks, bonds, and mutual funds result in a charitable tax credit for the full market value of the donated asset, and provide a special exemption on capital gains tax.
Many people find that the protection offered by life insurance policies is no longer needed later in life. Thus a life insurance policy can become an ideal tool for charitable giving. A few steps need to be taken to donate a life insurance policy. You start by irrevocably assigning your insurance policy to the Jewish Foundation of Manitoba and naming it as the sole beneficiary. You can make annual tax-deductible contributions to cover the policy's annual premium. Or, if the policy is paid up, you will receive an immediate tax deduction in an amount equal to the policy's cash surrender value.
In addition, establishing a life insurance policy early in life may result in a meaningful gift through lower annual premiums.