Why Donate to PARCS?
What if you could make a difference in your community — not only today, not just for your lifetime, but forever? PARCS donors create that kind of vibrant, ongoing support. Ponoka residents need a painless way to support investment within their community. Ponoka residents care about their community and creating facilities for stakeholders to realize their dreams. Ponoka residents need a mechanism that enables them to create a personal legacy and give back to their community.
“Ponoka is my home and I’m proud to be a member of this community. This is where I work, live and play. It’s the place my children received their education, where I landed my career, and where I’ve found life-long friends. I’ve been so blessed to live here; I want to pay it forward by helping others enjoy an amazing life here too. Even when I’m gone, I want my legacy to live on by supporting the things I cherish about Ponoka, and the people I care so much about.”
Some people donate as a memorial for a loved one. Others donate to leave a legacy of their own. Companies donate funds to exemplify their commitment to social responsibility and to involve their employees in community building.
What Does PARCS Offer?
- All funds donated to PARCS are invested in Ponoka.
- Your funds go to building the facilities that benefit our community.
- What you invest will create a donation in perpetuity, establishing your legacy for decades ahead.
- Your donation will go to the specific causes within the community that align with your personal values and interests.
- You can trust that close to 100% of your investment is going to community facilities. PARCS operating costs will be less than 1.0% of annual revenue.
- All qualifying donation recipients are vetted through a stringent process. Your investment goes to PARCS who will distribute the funds consistent with our Mission, Vision and Value statements.
- All investments made on behalf of the PARCS are prudently invested and funding from the revenue is used to support the local community. PARCS is accountable to its members and the community; financial reports are available to the public for review.
- As a registered charity in Canada, PARCS can issue Tax Receipts for all qualifying donations over $20.00.
Who Can Donate to PARCS?
Donations can be accepted from any individual regardless of age. Donations can also be corporate in nature and any company can donate funds to PARCS.
When Can I Donate?
The best time to start your donations is now. There is no age limit! This provides support sooner to the causes and organizations close to you. Many donors have also discovered their donations is an excellent way to encourage a family tradition of caring. They start donations when their children are young to help develop an active interest in the community and facilities.
How Can I Donate?
When you’ve made the decision to donate, you’ll want to consider the options that work best for you and your situation. This way, we can ensure your gift(s) are making the most impact as possible for causes important to you. We also have several donation options available:
CASH
You can direct cash gifts of any amount to PARCS. We can help you set up monthly giving by pre-authorized debit or credit card contributions. Please make all cheques payable to “PARCS”. You can also make an online gift to PARCS through our website. For credit card donations by phone, call (403-Amanda or Tim’s number?) for assistance.
GIFTS IN WILLS
Leaving a gift to PARCS in your will is an easy way to leave a lasting legacy. After you have taken care of your loved ones, leaving a small percentage of your estate for PARCS will make a huge difference to the causes important to you. It will also provide valuable tax savings. You don’t have to let us know in advance that you have named PARCS in your will but doing so will ensure we build your legacy exactly as you intended.
PUBLICLY TRADED SECURITIES
Donors are discovering their publicly traded shares and mutual funds may hold the key to helping them realize their dreams of giving back to the community. They are able to put tax savings to work, as a special tax incentive exists for gifts of publicly traded securities made to Canadian registered charities. If you give publicly traded securities in-kind to PARCS, you are not required to pay tax on any capital gain that results from the gift. You also receive a donation receipt for the fair market value of the securities on the day we receive them in our account.
In Alberta, in-kind gifts of shares and mutual funds may provide up to $240 of additional tax savings for every $1,000 of capital gain than would be the case if you sold the shares and gave the proceeds to charity. This tax incentive is also available for “in-kind” gifts of publicly traded securities made in your will.
LIFE INSURANCE
If you are holding a life insurance policy that is no longer needed for its original purpose, you may be able to turn it into a valuable charitable gift. Alternatively, purchasing a new policy to create an extraordinary gift later may be surprisingly affordable. We can help you find many innovative tax saving ideas for using life insurance to create support for the causes dear to you.
