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Tax-smart Donations
Maximize your impact and save on taxes
You can have an even greater impact at Nellie’s when you choose to give with one of our tax-smart donation options.
While a cash donation provides a charitable tax receipt, you can take advantage of even greater tax benefits by donating securities or setting up a charitable gift annuity.
Both options provide immediate tax advantages, with securities donations eliminating capital gains taxes, and a charitable gift trust allowing you to make a sizable donation while receiving a guaranteed income for a fixed period.
Discover how these gifts can support Nellie’s while maximizing your tax savings.
This information is not financial or legal advice. Please speak with your independent financial advisor and/or lawyer to determine whether a tax-smart donation is right for you.
When you donate stocks and shares directly to a non-profit charity, you pay no capital gains tax on any increase in their value — as you would if you sold the securities and then donated the proceeds. This allows you to maximize your charitable donation and your charitable tax deduction.
Publicly listed stocks and securities include shares listed on most Canadian and international stock exchanges.
We recommend you speak with your financial advisor to determine which securities would provide the best tax advantage while also supporting your personal financial goals.
How do I arrange this?
To make a gift of stocks and securities, visit our Canada Helps page.
To discuss donating stocks and securities, please contact Ingrid Graham, Executive Director at ingrid@nellies.org or 416-645-1419.
When you gift your life insurance policy to Nellie’s, you’re choosing a tax-efficient way to make a large and lasting donation to us, in some cases with a modest contribution.
To benefit from immediate tax savings, you will need to make Nellie’s the owner and beneficiary of an existing or new life insurance policy. Keep in mind, you will no longer have the ability to change beneficiaries after you do this.
We recommend you speak with your financial advisor about the best way to leverage a life insurance policy to support both Nellie’s and your personal financial interests.
How do I arrange this?
You’ll need to name Nellie’s as the beneficiary and owner of your life insurance. Your insurance provider will be able to help you do this.
To discuss donating a life insurance policy, please contact Ingrid Graham, Executive Director at ingrid@nellies.org or 416-645-1419.
Essential information for your insurance provider
Here are the details your insurer will need to make Nellie’s the beneficiary and owner of a life insurance policy:
Legal name: Women’s Hostels Incorporated (Nellie’s)
Charitable registration number: 11930-2727-RR0001
Mailing address: 970 Queen St. E., P.O. Box 98118, Toronto, ON M4M 1J8
A charitable gift annuity converts your savings into a fund that provides a gift to Nellie’s while also giving you an income that is largely or completely tax-free.
In practice, this would mean donating a minimum of $50,000 to Nellie’s. You would then receive a tax receipt for the portion counted as an immediate donation (at least 20%). The remainder is then used to purchase an annuity from an insurance company providing a guaranteed income.
We recommend you speak with your financial advisor and lawyer to determine if a charitable gift annuity offers you the best tax advantage while also supporting your personal financial goals.
How do I arrange this?
To discuss setting up a Charitable Gift Annuity, please contact Ingrid Graham, Executive Director at ingrid@nellies.org or 416-645-1419.