Cash donations – The most straightforward gift, whereby you will receive an income tax credit for that year. For convenience pre-authorized monthly contributions can also be set up.

Gifts of Public Securities – Gifts of appreciated public stocks, bonds, mutual fund units or shares to Virsa, are eligible for an extra tax incentive on top of the regular credit. The capital gains are eliminated, rather than the regular rate of 50% when sold.

Bequests – Leaving funds or property through a charitable bequest in a Will allows you to retain use of the property while living. Your estate receives the tax credit in the year of death.

Charitable Gift Annuities – This “life income” strategy combines a gift and an annuity that pays income to you. Virsa would receive an immediate gift and you will get partially tax-free payments from the annuity for life.

Gifts of Insurance – Life insurance can also be used to fund donations. Individuals can name Virsa as a beneficiary on a life insurance policy. If you transfer policy ownership to Virsa, you will receive tax credits during your life for each premium payment. Alternatively, if you wish to retain ownership of the policy it can create a tax credit for your estate at death.

Charitable Remainder Trusts – Created during your lifetime by placing assets in trust for the ultimate benefit of Virsa. You will continue to receive the income from the assets during your lifetime and an immediate (discounted) tax receipt is issued for a future gift.