Thanks to the generosity of our donors and funders, East Scarborough Storefront is working in community in a new way, leveraging the power of collaboration. And it’s exhilarating. It’s messy. And it’s working!
We have built relationships with people and institutions that are helping transform the community. And we have developed a model that supports meaningful community change – by, for and with community members.
We thank each of our supporters for helping to build. community. together.
Note: East Scarborough Storefront is a project of Tides Canada Initiatives Society and operates under the business name East Scarborough Storefront – Tides. While we ask you to make your cheques out to East Scarborough Storefront – Tides, your tax receipt for donations will be issued from Tides Canada Initiatives Society.
WAYS TO GIVE
There are many ways to donate to East Scarborough Storefront – Tides.
- Click here or on the Donate Now button to make a donation on-line.
- If you prefer to do it over the phone using your credit card, simply call 1-416-208-9889 and speak to our Coordinator of Administration.
- If you’d like to mail a donation to us, please send it to 4040 Lawrence Ave E., Scarborough, ON M1E 2R2. You can use our offline donation form to provide us details about your donation. Download the PDF form here.
If you prefer to speak to someone to make your donation, please call 416-208-9889 and speak to our Coordinator of Administration.
By leaving a donation to The Storefront in your will, you’re supporting a cause you’ve cared about during your lifetime and you’re leaving a legacy of lasting change. You’re building. community. together. forever.
We realize that leaving a donation is a thoughtful gesture that can take time and deliberation. We also know it can be an emotional decision. We will do our best to continue to earn the trust and confidence you have placed in us.
What is the legal name of The Storefront?
For the purposes of remembering The Storefront in your will, our full legal name is Tides Canada Initiatives Society and we operate under the business name of East Scarborough Storefront-Tides. So, in your will, you can identify The Storefront as your beneficiary as follows: Tides Canada Initiatives Society, in support of East Scarborough Storefront. Our charitable registration number is 130560188RR0001.
How do I leave a donation in my will?
The two most common ways to leave a donation are to consider a residual bequest (i.e. leave a percentage of the amount of your estate after all debts, expenses and specific bequests have been honoured) or consider a specific bequest (i.e. leaving a specified amount of money).
Your donation can be either unrestricted (i.e. your donation will support The Storefront’s work supporting people, building community and facilitating collaboration) or it can be restricted (i.e. your gift will support a specific project or area of interest at The Storefront).
Sample clauses for your will
The following language is a resource for you, your family and professional advisors to use as a reference for leaving a donation to East Scarborough Storefront in your will. We would be happy to work with you to customize the language below.
To give a percentage or portion of your estate
“I give to Tides Canada Initiatives Society (130560188 RR0001), in support of East Scarborough Storefront or its successor, xx% of the residue of my estate.
To give a specific amount (or specific bequest)
“I give to Tides Canada Initiatives Society (130560188 RR0001), in support of East Scarborough Storefront or its successor, the sum of $xxxxx.”
“I give to Tides Canada Initiatives Society (130560188 RR0001), in support of East Scarborough Storefront or its successor, $xxxx to be paid in cash or securities.”
A will is a legal document. We strongly encourage you to seek legal estate planning advice from a qualified professional if you are making a will or changing your will. We would be pleased to confer with you and your counsel to help draft bequest clauses. All calls will be kept confidential. For more information or to discuss this matter, please call Beth Weintrop at 1.866.TIDES.CA (843.3722) ext. 9947 or 647-497-9947
Naming us as a beneficiary of your RRSP/RRIF
You can make us a beneficiary of your RRSP/RRIF by naming Tides Canada Initiatives Society (130560188 RR0001), in support of East Scarborough Storefront on the plan’s documents. Simply advise the institution holding your RRSP/RRIF of the change. In doing so, the proceeds from your RRSP/RRIF bypass your estate (and probate taxes) and flow directly to us. In addition, your estate will receive a charitable tax receipt that may help offset taxes.
Naming us as a beneficiary of a new or existing life insurance policy
You can make us a beneficiary of your new or existing life insurance policy by naming Tides Canada Initiatives Society (130560188 RR0001), in support of East Scarborough Storefront on the plan’s documents – simply advise the institution holding your life insurance policy of the change. In doing so, the proceeds from your life insurance policy bypass your estate (and probate taxes) and flow directly to us. In addition, your estate will receive a charitable tax receipt that may help offset taxes.
Purchasing a new life insurance policy and making us the owner and beneficiary
By naming a charity as owner and beneficiary of a life insurance policy, you receive a charitable tax receipt for each premium payment. In addition, the proceeds from the life insurance policy are not part of your estate and will flow directly to your charity of choice. There is no additional tax receipt to your estate. Contact Beth Weintrop (1-866-843-3722 ext. 9947) at Tides Canada to learn more about this option.
We are also happy to discuss other types of deferred gifts such as Charitable Gift Annuities, Real Estate or Charitable Remainder Trusts. Please call Beth Weintrop at 1-866-TIDES-CA (843-3722) ext. 9947 or 647-497-9947
Making a gift of publicly traded securities is an easy, tax efficient way to make a gift today, or in the future. When you donate publicly traded securities (stocks, income trust units, bonds, and mutual fund units) directly to a charity, they are exempt from capital gains tax. In addition to receiving a charitable tax receipt for the fair market value of your donation, you will have the added benefit of the capital gains exemption on donated securities.
If you have publicly traded shares in your portfolio that would generate a substantial taxable gain if you sold, you should consider donating shares to make your next gift. You will receive a tax receipt for the full market value of the shares at the closing trading price on the day they are received and will not owe capital gains tax on the advantage of the shares from the cost base. Your fund will receive the net value of the sale of the shares less brokerage commission.
The key to executing this tax strategy successfully is to make sure you gift the securities to a registered charity, DON’T sell them and donate the cash.
Here’s how it works:
CURRENT tax incentives:
|Donate securities worth $10,000 with a cost base of $4,000|
|Capital gain ($10,000 – $4,000)||$6,000|
|Taxable gain (0% inclusion rate)||NIL|
|Tax on gain (@ 45%)||NIL|
|Tax credit on gift (@ 45%)||$4,500|
|Net cost to you ($10,000 – $4,500)||$5,500|
BEFORE the May 2006 tax incentives:
|Sell public securities worth $10,000 with a cost base of $4,000 and donate the proceeds|
|Capital gain ($10,000 – $4,000)||$6,000|
|Taxable gain (50% inclusion rate)||$3,000|
|Tax on gain (@ 45%)||$1,350|
|Tax credit on gift (@ 45%)||$4,500|
|Net cost to you ($10,000 + $1,350 – $4,500)||$6,850|
For further information on making a gift of securities to The Storefront, please contact Beth Weintrop at 1-866-843-3722 ext. 9947.