ECSF Round 2
The Community Foundation for Kingston & Area is now accepting applications for the Emergency Community Support Fund (ECSF) Round 2.
We are proud to take part in a second round of funding from the Government of Canada’s Emergency Community Support Fund, alongside Community Foundations of Canada, the Canadian Red Cross and United Way Centraide Canada. Community Foundation for Kingston & Area and United Way KFL&A are proud to be a part of this important investment and will collectively receive over $340,000 from the Fund for distribution into local communities ($180,000 through United Way KFL&A and $164,018 through Community Foundation for Kingston & Area).
How to Apply
To apply for Community Foundation funding please read the Community Foundation of Canada’s Applicant Guide to clearly understand what is eligible.
Online applications will be accepted from October 5, 2020 – October 30, 2020, through the CFC’s national portal: https://cfc-fcc.smapply.ca/
There is no minimum amount for the grant, however there is a maximum of $40,000 per project.
Applicants will receive a decision no later than
December 15, 2020 at 11:59 PM PST.
Specifically, eligible projects will:
- Clearly address a pressing social inclusion or well-being need caused by COVID-19;
- Serve one or more vulnerable groups as defined in the Applicant Guide;
- Be carried out in a short timeframe – between April 1, 2020 and March 31, 2021.
Applicants may apply to more than one funder. Applicants may not, however, apply to more than one funder for the same program activities and related costs.
Applicants who received ECSF funding in Round 1 can submit an application in Round 2 for project costs which were not funded in Round 1.
Applicants who were declined in Round 1 of ECSF can submit an application for the same or different project costs, as long as funding for the project costs was not provided by any of the ECSF funding intermediaries in Round 1.
We encourage charities in the community who are serving vulnerable populations to apply to the Fund. Grants can be used for a variety of purposes, including to cover staffing or resource needs, purchase assistance and more.
Community Foundations of Canada Information Webinar
The webinar took place on Tuesday, October 6, 2020 and provided information about how to apply to the second round of ECSF. The webinar included speakers from the Canadian Red Cross, Community Foundations of Canada and United Way Centraide Canada.
You can listen to the webinar here: https://www.youtube.com/watch?v=PHyzZn44x2M
The Emergency Community Support Fund
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.
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.
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 email@example.com if you need any further assistance.