The Stark Family Fund
In 2002, the Stark Family Fund was created at the Community Foundation for Kingston & Area with a $1.2 million gift from the last two surviving members of the Stark family: Ival and Ruth.
The Stark family included five sisters: Leata, Keitha, Sylvia, Ival and Ruth; who were lifelong residents of Bloomfield in Prince Edward County. Without any heirs, the family decided to establish a permanent endowment fund from the accumulated estates of the five sisters and their spouses, to support the needs of the local community. Through the Stark Family Fund, the family’s strong sense of civic responsibility will continue to sustain worthy projects and causes in their beloved community.
Click here to learn more about the Stark sisters and the legacy they left.
Income from the Stark Family Fund goes toward supporting a broad spectrum of community activities and charitable causes in the fields of education, health, social services, animal welfare and culture in Prince Edward County. Grant applications are reviewed by a Grant Selection Committee based in Prince Edward County and chaired by Linda and Tim Beatty.
The 2023 call for applications is now closed. Learn more about the 2023 Recipients!
Fields of Interest
Animal Welfare, Arts and Culture, Community Development, Education, and Health and Social Services.
The geographic area served: the Municipality of Prince Edward County.
Specific Eligibility Criteria
All project proposals must meet our general eligibility criteria.
Successful projects will be characterized by many of the following traits:
- they build on existing community strengths and assets;
- they respond to clearly identified local needs and provide demonstrable enrichment to the community;
- they use resources efficiently and effectively;
- they involve meaningful partnerships;
- they strive for a significant and/or lasting impact;
- they benefit a wide audience;
- they show innovation, creativity, proactive thinking, and a degree of risk.
Grants for the following will not be considered:
- to cover deficits or retire debts;
- to provide endowment funds;
- to support the operating expenses of established organizations or programs (including predictable replacement of office equipment);
- for sectarian, religious, or political purposes;
- to respond to annual fund drives for sustaining support.
Grants will not normally be given:
- to contribute to major renovation or capital construction costs;
- to individuals (with the exception of scholarships or other extraordinary cases where supported by an intermediary organization that is a charity registered with Canada Revenue Agency);
- to provide money for fundraising activities;
- to cover wages of full-time staff.
Preference is given to new initiatives but a promising program may receive more than one grant in its early years provided there is evidence that the program is developing successfully. An established program may receive a grant when it faces a new opportunity or an unexpected problem.
Applications are now submitted through our application portal, available here.
Grant Agreements & Final Reporting
If you are awarded a grant, you will be required to sign a Grant Agreement Form outlining the Terms and Conditions of the award before you receive your cheque. You are required to complete a Final Report within 30 days of the completion of your project. The Final Report is intended to help you evaluate the initiative and to help us evaluate the impact of our grants. See the Next Steps section on our website for details.
For further assistance, please contact Alyce Soulodre, Grants Officer, at 613.546.9696 Ext 105 or email@example.com.
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 firstname.lastname@example.org if you need any further assistance.