Sisters Present $5 Million Gift

Oct 20, 2021 | Featured, Foundation News/Updates

The Sisters of Providence of St. Vincent de Paul challenge the Foundation with transformational gift 

It was with both gratitude and excitement, shared by everyone present, that Foundation board members Rob Wood (Chair) and Gayle Barr (Past Chair) met with several Sisters of Providence of St. Vincent de Paul to receive their change-making $5M gift.

These funds will be used to help the Kingston and area communities respond to some of the greatest needs among our youngest and oldest citizens.

The occasion was marked with the Sisters reading the lyrics of Jan Novotka’s song All I do Today (2002), words chosen to highlight their wishes for this gift and the community:

May all I do today Be for the healing of the whole
May all I do today Mend our broken world
May all I do today Bring blessing on the Earth
May all I do today Be for the good of all

The Sisters’ challenge to the Foundation was to use these funds to stimulate transformative, sustainable, systems-level change in two identified areas of need: to prevent and mitigate the lifelong impacts of Adverse Childhood Experiences (ACEs), and to reduce the social isolation and loneliness felt by seniors – both significantly amplified by the experience of COVID-19.

Wanting to achieve immediate and maximum impact from their gift, the Sisters of Providence of St. Vincent de Paul Community Impact Fund is intended to be fully expended on high-impact community initiatives and programs over the next five to ten years.

“We are honoured, humbled, and thrilled that the Sisters have entrusted us with this gift to drive meaningful change in our community,” said Tina Bailey, the Foundation’s Executive Director.

Work is well underway to address ACEs. Early results from the funding include the delivery of trauma informed training to hundreds of people in the Kingston area. The training has been so well received, that they are working on delivering the training widely across the community. To make this possible, over 40 individuals from a wide range of organizations – from schools to service agencies to city staff – have now been trained as facilitators to deliver this training to staff within their organizations and the community at large.

Our work to address seniors’ isolation and loneliness is just getting underway. We welcome your ideas, which can be sent to

We will continue to share updates about this transformational gift over the coming months and years.


 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.

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 if you need any further assistance.


Community Foundation for Kingston & Area