Any one can give, at any time and in any amount. The larger the pool of capital the Foundation has to invest, the more income can be earned and the more good can be done for our Bowen Island community.
Gifts may be made in the form of cash, or pledges over a number of years, stocks, bonds, property, bequests, life insurance, memorial grants, transfer of an existing trust fund, or the establishment of an endowment fund by a charity or charitable organization. You may even choose to contribute to an endowment fund already held with the Foundation. If you are in a capital gains situation or are estate planning, please consider us.
Prospective donors are encouraged to contact
Soren Hammerberg or any of our Directors to discuss the full range of opportunities for charitable giving through the Bowen Island Community Foundation.
We issue official receipts (for income tax purposes) that reflect the fair market value of the donation. We need to establish what that fair market value is before issuing the receipt. For more valuable in-kind gifts, we may require a formal appraisal to be done.
Donations to the BICF are tax deductible. We issue tax receipts for donations over $20 unless otherwise stipulated by the donor.
All donations are deposited to the designated fund and in the case of our flow through funds, granted back to the community. All donations to our endowed funds are managed by the Vancouver Foundation with all income generated in accordance with the terms of the endowment.