Executive
Kris Millan, Chair
Monica LaBarge, Vice Chair
Cara Chesney, Treasurer
Robert Wood, Secretary
Stacy Kelly, Executive Director
Finance & Audit
Cara Chesney, Treasurer (Chair)
Dean Duff
Greg Fisher
Kris Millan
Bill Walsh
Stacy Kelly, Executive Director
Investment
Chris Clayton, Investment Advisor, BMO Nesbitt Burns
Peter Finnegan, CIF, PFP, Portfolio Manager, BMO Nesbitt Burns (Chair)
Louis Gagnon, PhD, Distinguished Faculty Fellow of Finance, Smith School of Business, Queen’s University
Marc Grieves, PFP®, FCSI®, DFSA™, Financial Advisor, EdwardJones.
Tim Kingston, BCom, Vice President and Financial Consultant, CIBC Wood Gundy (retired)
Richard Kizell, BA, RFP, CLU, CFP, Certified Financial Planner, Investment Planning Counsel – Downtown Kingston
Monica LaBarge, Vice-Chair, Board of Directors, Community Foundation for Kingston & Area
Lynnette Purda, PhD, CFA, Associate Professor and RBC Fellow of Finance, Smith School of Business, Queen’s University
Jay Rayner, Investment Advisor, Assante Capital Management
Stacy Kelly, Executive Director, Community Foundation for Kingston & Area
Marc LeBlanc, MBA, CIM, FCSI, Investment Advisor, Portfolio Manager, First Vice President, CIBC Wood Gundy (non-voting)
Governance
Greg Fisher
Felix Lee
Lester Webb
Roger Wilson (Chair)
Alison Young
Stacy Kelly, Executive Director
Nominating
Denise Cumming
Kris Millan
Roger Wilson (Chair)
Rob Wood
Stacy Kelly, Executive Director
Grants Strategy & Impact
Denise Cumming (Chair)
Dan Hendry
Willa Henry
Constantin Mugenga
Patricia Orser
Jo Reynolds
Donna Segal
Lorna Willis
Stacy Kelly, Executive Director
Community Grants
Spring 2024 Committee Members
We are grateful to our community-based volunteers who provide their expertise and insights to review applications ot our Community Grants Program.
Chair: Willa Henry | Co-Chair: Patricia Orser
- Elspeth Christie
- Denise Cumming
- Patty Devlin-Brens
- Jane Errington
- Susan Furino
- Daria Juudi-Hope
- Steve Knechtel
- Margaret McGowan
- Paul Mackenzie
- Ghislaine Marcotte
- Beth Pye
- Patricia Robson
- Cherrilyn Yalin
The Stark Family Fund
Board Representative: Peter Finnegan
Tim Beatty, Linda Beatty, Kyle Beatty, Ryan Beatty, Jill Beatty, Lisa Camp, Lillian Guernsey, and Janet McConnell.
I NEED FUNDING
275 Ontario Street Suite #100
Kingston, ON K7K 2X5
Phone: 613.546.9696
Fax: 613.531.9238
Email: info@cfka.org
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.
|
|
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.