Current Gifts

Cash  
Cash is immediate and simple.  A tax receipt is issued for the full amount. Donors receive the satisfaction of seeing their gift at work today.

Securities
Securities include publicly traded shares, bonds, and mutual funds. A tax receipt is issued for the full market value on the date of transfer and provides for no tax to be paid on any of the capital gain realized. Funds are available for use immediately.

Real Estate
A tax receipt is issued for the fair market value, as determined by appraisal, on the date of transfer.  Funds are available for use as soon as the property is sold.


Deferred Gifts

Bequests under terms of a will
Either set amounts or a share of the residue of an estate is donated through a will

Life insurance
A new or existing life insurance policy can be donated.  The beneficiary, as well the owner, is the Community Foundation of Nova Scotia. A tax receipt is issued for the cash value, if any, at transfer and each year when the premium is paid by the donor, a tax receipt is issued for the amount of that premium. A small current outlay is leveraged into a large future benefit.

Bequest of retirement plan accumulations
This includes registered retirement savings plans (RSPs) and registered retirement income funds (RRIFs).  A tax receipt is issued that offsets the tax payable on distribution of the fund.