2021/2022 Community Builder Award

Sep 29, 2023 | Donor Stories, Featured, Foundation News/Updates

Left to right: Mary Jane Philp, Rohit Shukla, Jim Brown, Joan Lee, Joyce Hostyn, Nathan Nesdoly, Stacy Kelly (CFKA ED)


Announcing 2021/2022 Community Builder Award 

At a special event held on September 14 at The Broom Factory, the Community Foundation for Kingston & Area was honoured to announce that Jim Brown & Joan Lee have been named our 2021/2022 Community Builder Award recipients.

Jim Brown and Joan Lee are passionate community builders in the truest sense of the word. For well over 20 years, they have supported underserved populations and community causes and programs throughout the Kingston area. Their commitments include increasing access to education, caring for the health needs of our citizens, promoting the arts, and, most recently, mobilizing our community to recognize and address the climate emergency. They truly care about the community they call home and advocate for, volunteer for, and philanthropically support causes they believe in. They are addressing the climate emergency and its impact on vulnerable populations head on with both philanthropic support, and personal advocacy and education. They believe in the ability to effect change by providing support to the people and programs that make our communities better. They truly embody the spirit that together we thrive.

Joan Lee and Jim Brown have supported and engaged with local various charities, including Community Foundation for Kingston & Area (CFKA), St. Lawrence College, Kingston Regional Arts Council; Kingston Literacy, Chinese Canadian Association of Kingston & District, Museum of Health Care at Kingston; Kingston Community health Centre, Pathways to education, United Way KFL&A. Jim last served the Board of the Kingston Community Health Centres.

Loyal donors through CFKA since the 1990s, Jim and Joan have established numerous funds with us to better our community, including the James S. And Grace Brown Memorial Youth Advantage Fund, Henry Lee & Loretta Lee Memorial Legacy Fund, and The Climate Crisis Fund, which collectively seek to support areas such as youth education, truth and reconciliation, newcomers, local food security, energy and other initiatives that seek to prevent and or alleviate further hardships.

Joan and Jim are motivated by the fact that climate hardship is felt first and most by our most vulnerable community members and that the climate crisis will be the defining driving force in everyone’s lives this century. To energize the community about climate change, they have purchased books for library programs, sponsored guest speakers, and donated funds to programs addressing this critical issue, as well as advocated with countless individuals and organizations to make addressing the urgency a priority conversation.

Jim is the retired President of Brown’s Fine Food Services Inc. that has provided food services, catering, hospitality, retirement dining services and thrift items to organizations throughout the region and Joan retired from Queen’s Faculty of Health Sciences.

About the Community Builder Award

CFKA established the Community Builder Award in 2018 as a memorial to Geoff Sandiford, who was President of CFKA in 2014. The Award recognizes individuals or groups making a difference in Kingston and area. Past recipients include: Brigadier General (retired) Bill Richard,  former MPP, Sophie Kiwala and Jimmy Hassan, Founder/CEO Canadian Colours Kingston Foundation.

 

Donate

 When you give to the Community Foundation you can have confidence that your community will continue to benefit from your gift for many years to come.

2023 Year End Tax Tips

 Both the federal and provincial governments offer donations tax credits that, in combination, can result in tax savings of up to 55% of the value of your gift in 2023, depending on your province or territory of residence. With total cash donations up to $200 in a year, the federal donation credit is 15% of the donation amount. For total donations exceeding $200 in a year, the federal donation credit jumps to 29% (33% to the extent taxable income exceeds $235,675) of the donation amount. Provincial donation credits are also available and the total credit may be up to 55% once total annual donations exceed the $200 in a calendar year.

December 31 is the last day to make a donation and get a tax receipt for 2023. You can help a wide range of charities with a single gift to our endowed Community Fund, support your favourite charity or cause by giving to one of our over 225 funds, or establish your own fund.

Credit Card or VISA Debit Card

If you’re ready to make your gift now, then use our secure online giving page. You have the option of choosing any one of our funds, giving ‘in memory of/in honour of’ instructions, and more. Or, if you prefer, you can simply call 613-546-9696 to make your donation over the phone using your Visa, MasterCard, or AMEX, or VISA Debit card. You can make a one-time gift, or sign up to make a regular monthly donation.

Cheque

Please make your cheque payable to Community Foundation for Kingston & Area (or “CFKA”), and write your intended fund in the memo line.  Drop it off or mail to: 275 Ontario Street, Suite #100, Kingston, ON, K7K 2X5.

Publicly-Traded Securities 

Gifting publicly-traded securities, including mutual funds and segregated funds, with accrued capital gains “in-kind” to a registered charity or a foundation not only entitles you to a tax receipt for the fair market value of the security being donated, it eliminates capital gains tax too. You should plan gifts in-kind well before year end, to allow for sufficient time to make arrangements. A gift of publicly-traded securities is the transfer of ownership of stocks or bonds to the Community Foundation for Kingston & Area. If you own shares that have increased in value, 50 per cent of the capital gains are taxable. However, if you donate these shares in-kind to CFKA, the gain is tax-exempt. Learn more.

Form 1: Direction to Transfer Securities or Mutual Funds Electronically as a Charitable Donation Complete Form 1 to give your financial advisor/broker the instructions to make the gift to CFKA. The form contains all the information your advisor will need to make the transfer. They will then submit this form to our broker at CIBC Wood Gundy to advise that the transfer is pending.

Form 2: Notice of Transfer of Securities
Complete Form 2 and send it to CFKA to advise us of your gift, and instruct as to what you would like your donation to support.

Proposed Changes to Alternative Minimum Tax

Tax Element Current AMT Regime Proposed AMT Changes
Tax Rate and exception level 15% flat tax rate on an adjusted taxable income in excess of a $40,000 exemption 20.5% flat tax rate on an adjusted taxable income in excess of a $173,000 exemption
Calculating the adjusted taxable income for AMT purposes 100% of non-refundable tax credits included. 50% of non-refundable tax credits included.
Treatment of donations of publicly listed securities 0% of capital gains from donations of publicly listed securities included. 30% of capital gains from donations of publicly listed securities included.

Your AMT may be higher in 2024 (compared to 2023) if your taxable income is over about $173,000, and you have income taxed at lower rates than ordinary income, or deductions or credits that reduce taxes payable, including: Capital gains, Stock options,  Canadian dividends, Unused non-capital losses, net capital losses, or limited partnership losses from prior years, and  Non-refundable tax credits, including the donation tax credit. Speak to your tax profession to see how AMT could affect your situation in 2024, and, if appropriate, to consider triggering a gain or exercising employee stock options.

Contact us at 613.546.9696 or giving@cfka.org if you need any further assistance.

 

Community Foundation for Kingston & Area