Your contributions will help preserve Savary for future generations.
Donations to SILT are tax deductible and may be made online by clicking on the button below:
Or donate by mail by sending cheques to:
Box 141, Lund, BC V0N 2G0
Fed reg. Charity # 89858 6425 RR0001
Contact Liz Webster at email@example.com or
phone (604) 483-4743 or (604) 414-0073 for more information.
WHAT YOUR DONATION MEANS
Setting land aside for preservation is truly a gift to present and future generations. Savary Island is the most ecologically sensitive of all the Islands in the Strait of Georgia, and yet it is under the most pressure from potential development. It is subdivided into over 1710 small lots, giving it a lot density nine times greater than Bowen Island and 20 times greater than Denman.
In the last 10 years development has doubled on Savary. This makes preserving sensitive areas and green places in island neighbourhoods increasingly important. We are very thankful for the visionary thinking of our donors and all who contribute to the preservation of the island. Together we are making a difference.
All monetary gifts will receive a tax receipt for their full value
Canadian donors receive a tax receipt from SILT for their contributions. This may be used to off set income tax the donors owes. American donations of $1000 or more will be provided with a U.S. 501(c)(3) charity acknowledgment receipt that can be used for U.S. income tax purposes. Americans or individuals with U.S.-sourced income can use this unique service by making a donation to the Tides Canada Exchange Fund at Tides Foundation. Contact Tides Canada (firstname.lastname@example.org) to receive a donation form to contribute to the SILTS Tides Canada Exchange Fund at Tides Foundation in the U.S. by cheque or securities.
American donations of land now have added benefits for donors. Tax relief and no capital gains. Read more about the International Program to accelerate land conservation in Canada.
ways to give
By selecting the right type of gift, you can maximize your tax advantage and the estate planning benefits of your donation while helping SILT continue its vital role in conservation. If you are considering a planned gift to SILT, we recommend that you seek professional legal and financial advice. SILT is at your service to offer assistance to you and your advisor to enhance the effectiveness of your gift. What follows is an outline of the various types of gifts you may wish to consider.
- Making a monetary gift is a simple and effective way to donate. All monetary gifts will receive a tax receipt for their full value. The gift may be used to commemorate someone dear to you. If re- quested, that person will be notified. Gifts to the United Way may also be directed to SILT. If requested, the United Way will ensure that the money is forwarded to us.
- Gifts of publicly listed securities (stocks, bonds or mutual funds) make an excellent gift to SILT. It can eliminate entirely the tax payable on capital gains. In addition, the donor receives a tax receipt for the full value of the donated securities.
- A gift of life insurance, either new or exist- ing, can provide a significant and afford- able lifetime contribution to the work of SILT. The donor will receive a charitable tax receipt for the cash surrender value of the policy and further receipts on payment of subsequent premiums. This means your future gift may save you tax dollars today. Proceeds of a life insurance gift are immediately payable to SILT in cash upon death.
- A charitable bequest is a gift of money or land made in the donor’s will. This method of assisting SILT in the preservation of Savary Island may reduce the taxes payable by the donor’s estate.
- A residual interest gift is an arrangement where you irrevocably give land or personal property to SILT while retaining the right to use the property for life or a specified number of years. A similar arrangement is a charitable remainder trust. With both these types of gifts, the donor receives an immediate tax credit for the present value of SILT’s interest to be received in the future.
- The immediate gifting of land to SILT is the most direct way of preserving a specific parcel of land on Savary Island. An appraisal is required to establish the present market value of the land. This becomes the amount of the tax receipt which you will receive. The full amount can be claimed against income in the year of the gift and any unused portion may be carried forward for up to five years. If your land is already developed at the time of gifting SILT will work with you to determine the future use of the land.
- You may also make a gift of land to SILT under Environment Canada’s Ecological Gifts Program. The land must be certified as ecologically sensitive, as much of the land on Savary clearly is. Like gifts of publicly traded securities, donations of this type have the added advantage that any capital gains tax is eliminated (normally it is imposed on 50% of the capital gain). A charitable tax receipt is also provided for the full market value.
- If the donor wishes to continue owning and using ecologically sensitive land a “partial interest” in the land may be transferred to SILTS by way of a conservation covenant, easement or servitude. This is a legal agreement that is registered on title and protects a property’s conservation value by permanently placing terms and conditions on its use as determined by the do- nor. For example, limits on the number and location of structures can be established. The value of the restriction be- comes the amount of the tax receipt.
Click on the button below to read more information for potential donors.