DONATING ITEMS OR GIFTS IN KIND (NON-CASH GIFTS)
If you would like to donate to us, please fill out this online form.
METHODS OF DONATION
- Cash: Cash donations can be made to any GGB member.
- Cheques: Cheques can be made to "Generously Giving Back Ltd".
- Direct deposit to our bank account.
If you would like to make a donation with any of the above three methods, please contact us and we'll discuss the details of what and/or who to give them to.
- E-transfer: E-transfers should be sent to firstname.lastname@example.org.
TAX DEDUCTIBLE RECEIPTS
If you would like to claim a charitable tax credit or deduction, we are happy to provide official tax receipts on all donations over $25.
For donations of any items or non-cash gifts in kind, please attach a copy of your receipt in the email, clearly showing the value of the item(s) at time of purchase. If there is no purchase receipt for the item(s), then we will provide a tax receipt for an amount that is based on fair market value of the item(s).
Please check the appropriate checkbox on the forms to request this, or you can specify this in the email to us.
All receipts will be emailed out to you at the end of December so you can have it ready for filing your income tax return. If you would like to obtain one earlier (i.e. your end of fiscal year is earlier than December) you can make a request to us by email.
What is fair market value (FMV)?
According to the CRA website, fair market value is normally the highest price, expressed in dollars, that property would bring in an open and unrestricted market, between a willing buyer and a willing seller who are both knowledgeable, informed, and prudent, and who are acting independently of each other.
How do we, a registered charity, determine the fair market value of a gift in kind?
Generally, if the fair market value of the property is less than $1,000, a qualified Board Member who is competent and knowledgeable of the item will evaluate the particular item being donated.
If the fair market value is expected to be more than $1,000, we will have it professionally appraised by a third party (that is, someone who is not associated with either the donor or the charity).
If you have any questions at all, feel free to email us.