CFKA in the Media

Telling the stories of our impact–made posible because of our donors, initiatives, and granting program– is an important way to highlight how we can collectively make a difference in our community. We’re pleased to share the recent coverage of CFKA across various media outlets.

May 15, 2024: “Fun Fridays are underway with Baxter Arts Centre“. – Cornwall Standard-Freeholder

May 10, 2024: “Community foundation announces grants totalling $330,000” – The Kingston Whig Standard

May 9, 2024: “Kingston Day of Learning Highlights Robotics Program” – Global News

May 7, 2024: “Stark Family Fund gifts more than $60,000 to local organizations” – CountyLive

May 7, 2024: “Spring 2024 community grants will support 26 local charitable initiatives” – Kingstonist

April 23, 2024: ‘A Great Start for Families: Kahwà:tsire Ronwatiyenawá:se Centre’ awarded largest grant in CFKA’s history. –Yahoo News Canada

April 23, 2024: ‘A Great Start for Families: Kahwà:tsire Ronwatiyenawá:se Centre’ awarded largest grant in CFKA’s history. – Hamilton Spectator 

April 22, 2024:Family and Children’s Services of Frontenac Lennox and Addington picks up $800K grant”Global News

April 19, 2024: ‘A Great Start for Families: Kahwà:tsire Ronwatiyenawá:se Centre’ awarded largest grant in CFKA’s history. – Kingstonist 

November 16, 2023: “Thirty Local Community Service Projects Receive Federal Funding” – Kingstonist.

October 20, 2023: ” Kingston Community Health Centre to co-host Resiliency Symposium” – Kingston Whig Standard.

September 7, 2023: “CFKA delivers $477k funding 7 local services” – iHeartRadio

September 7, 2023: “Local youth invited to design a better future at local festival” – Kingstonist

July 6, 2023: “Stark Fund set to support nine local community service organizations in 2023” – Picton Gazette

June 27, 2023: “Stacy Kelly – Building the Foundation” – The Kingstonian Podcast.

May 15, 2023: ” Bridget Glassco: What are ACEs?” – Limstone Lens, YourTV

April 3, 2023: “Community Foundation for Kingston & Area Update” – Limestone Lens, YourTV

December 12, 2022: “Community Foundation hands out $500k to Kingston charities” – Kingston Whig Standard.

June 8, 2022: “Community Foundation grant supports prepared food pilot in area schools” – Kingstonist

April 12, 2022: “41 local projects receive over $500k in grants through Community Foundation” – Kingstonist

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