The B’nai Brith Foundation is the department of B’nai Brith Canada responsible for raising the funds that enable the organization to realize its continuing commitment to the ideal of "People Helping People". With the assistance of a dedicated volunteer base and innovative and strategic fund-raising techniques, the Foundation generates the financial support that secures the present and future viability of services and programmes that enrich the community. Your support is needed to ensure that the Foundation can continue to generate the necessary financial resources. For additional information or to make a donation to the Foundation please contact Hyla Reichmann at (416) 633-6224, ext. 128. or via e-mail at: hreichmann@bnaibrith.ca
Award of Merit Dinners
The B'nai Brith Foundation has considerable success with its Award of Merit Dinners. The Dinners have experienced increased levels of attendance that represented the public's support of B'nai Brith Canada multiplicity of programmers and services. The public's recognition of B'nai Brith Canada certainly underscores the increasing support that exists for the mission and mandate of the organization. Equally important was the tribute that members of the community paid to the stature of the honorees who, in turn, were prepared to commit to B'nai Brith Canada. Further, the Success of these dinners was significantly augmented by the energy and leadership extended by the Tribute Chairs who helped mobilize support for these events.
MAKING A DONATION
Your donation to the B’nai Brith Foundation enables B’nai Brith to continue its 128 year tradition of providing programs and services that help the elderly, children from lower income families and the physically and emotionally challenged. All donations are fully tax-deductible.
People tend to think of “Estate Planning” and/or “Planned Giving” as something that applies to the wealthy, and that they need not concern themselves with what they perceive are very complicated procedures. Nonetheless, in today’s society, when people combine house values, potential life-insurance proceeds, pension plan benefits and other income sources, its surprising how quickly one can reach the threshold where Estate Planning is advisable. Planned Giving is a very special form of charitable giving that can provide the donor with important tax, and other financial benefits. Everyone truly owes it to his or her loved ones and to themselves to examine their situation in light of the present tax laws. The various options include: Charitable Gift Annuities, Publicly Traded Securities, Bequests, Charitable Remainder Trusts, Life Insurance, etc.
In the past, The B’nai Brith Foundation has hosted a number of successful Brunches for a select group of B’nai Brith members who were interested in exploring various estate planning options. These sessions, were addressed by Jerry White, host of Money Talks, Family Fortune, and Personal Wealth on CFRB and the author of over 40 books on financial planning. In Toronto, Mr. White was joined by Joel Cuperfain LL.B., Tax and Planning Group, Manulife Financial, and Chair of the B’nai Brith Foundation’s Planned Giving Program. In very informative and stimulating presentations, they offered their expertise and insights on ways to increase wealth and minimize taxes, as well as citing benefits that could accrue from Estate Planning. If you are interested in attending our next session in order to learn how you might
increase your personal wealth, please contact Hyla Reichmann at (416) 633-6224, ext. 128. or via e-mail at: hreichmann@bnaibrith.ca.
There are many ways you can make a gift to the B’nai Brith Foundation.
The following presents you with various options and vehicles for donations.
CASH GIFTS
The most popular method of supporting the Foundation is through a gift of cash. Cash gifts provide the B’nai Brith Foundation with immediate support. Under recently announced changes to the Income Tax Act, you can claim a tax credit in respect of gifts up to 75% of your net income; excess amounts can be carried forward for up to five years.
CHARITABLE GIFT ANNUITIES
A charitable life income annuity can provide you with an income stream for life and provide a current gift to the B’nai Brith Foundation. There are a variety of tax effective structures that can be undertaken using charitable annuities.
PUBLICLY TRADED SECURITIES
As a result of recently announced tax incentives, gifts of publicly traded securities are quickly becoming a popular and attractive method of making a gift to the B’nai Brith Foundation. Under the 1997 federal budget, the capital gains tax on gifts of publicly traded securities has been cut in half. In addition, you will receive a charitable receipt for the full fair market value of the gift.
NON-MONETARY GIFTS
You may wish to gift property other than publicly traded securities to the B’nai Brith Foundation. The Foundation is pleased to receive gifts of real estate, works of art, other personal property and interests in trusts. You will receive a charitable tax receipt for the full fair market value of the gifted property. The B’nai Brith Foundation may retain the gift or use the cash proceeds derived thereof.
BEQUESTS IN A WILL
You can make a gift to the B’nai Brith Foundation through your will. A bequest is simply a direction in your will to pay a certain amount to the B’nai Brith Foundation. Your estate will receive a tax receipt for the full value of the bequest which can be used to reduce the tax payable on your final tax return. You can claim a tax credit on your final return for charitable gifts up to 100% of your net income on your final tax return; excess amounts can be carried back to the previous year.
CHARITABLE REMAINDER TRUSTS
You can establish a trust for your assets, continue to receive the income from the assets as long as you live and get an immediate tax benefit. The assets pass to the Foundation upon your passing.
LIFE INSURANCE
A gift of life insurance is a way of making a larger gift than you may have otherwise thought possible without encroaching on estate assets. You could either gift an existing policy to the B’nai Brith Foundation, or take out a new policy and name the B’nai Brith Foundation as owner and beneficiary. If you gift an existing policy, the B’nai Brith Foundation will issue you a charitable tax receipt for the amount of the policy’s cash surrender value.
Whether you gift an existing policy or take out a new policy, the B’nai Brith Foundation will issue you a charitable tax receipt for any future premium payments you make with respect to the policy.
You may also gift the proceeds of a life insurance policy, which you own, to the B’nai Brith Foundation. Such a gift will be treated as any other charitable bequest under your will.
DONOR RECOGNITION
The B’nai Brith Foundation gratefully acknowledges the generosity of all our donors. Our donor recognition program is designed to publicly acknowledge major donors.
EXPERT ASSISTANCE
The B’nai Brith Foundation will provide, at no cost, tax assistance for the structuring of your charitable gift. A team of experts is available to meet with you to provide guidance.
The Foundation annually embarks on a series of direct solicitation campaigns. Each of these campaigns is geared to particular sectors of the community with differing potential for giving. As part of this one-on-one solicitation, special attention is being directed to major donors, both individual and corporate. In addition, there is a special division raising funds which are being set aside in an endowment trust fund to generate resources for B’nai Brith Canada’s future operations.
The Clothing Donation Programme has become a significant ongoing project of B’nai Brith Canada. Currently there are 36 sites, with the attractive green bins, located in the area bounded by Leslie Street, Dufferin Street, St. Clair Avenue and Richmond Hill. Items have been donated to such programs as “Out of the Cold”, numerous women’s shelters, Zareinu Educational Centre, natural disaster victims and immigrant families.
Dufferin Area
Coulter’s Mills Marketplace (Dufferin & Clarke)
Costco-Best Buy (Dufferin & Wilson)
Bathurst Area
Woodland Plaza (Bathurst & Elgin Mills)
Bathurst Glen Plaza (Bathurst & Carrville)
Rosedale Heights Plaza (Bathurst & Atkinson)
Promenade Village Shops (Bathurst & Centre)
Promenade Mall (Bathurst & Clarke -East and West sides)
The Beth Avraham Yoseph of Toronto Synagogue (613 Clarke Ave.)
Garnet Williams Community Centre (501 Clarke Ave. West)
Blockbuster Plaza (Bathurst & Steeles)
Main Exchange Plaza (Bathurst & Steeles)
Toys 'R Us (Steeles & Hilda)
Sophia Condominium site (Bathurst & Patricia)
Esso Service Centre (Bathurst & Drewry)
B’nai Brith Canada Alzheimer’s Home site (Bathurst & Kenton)
In 2002 B’nai Brith Continued its very successful Direct Mail Program. The generosity of the recipients continues to increase. Much of the success of the program can be attributed to the personal investment of the chairman, Howie Malach.
Each year, The Foundation mounts a variety of fundraising events in cities across Canada. These events, geared to the nature of the local community, can take the form of entertainment evenings, golf tournaments, auctions, bazaars, etc.
For further information or to make a donation, contact Hyla Reichmann
B’nai Brith Foundation
15 Hove Street
Toronto, Ontario
M3H 4Y8
Tel: (416) 633-6224 Ext. 128
Fax: (416) 630-2159
E-mail: hreichmann@bnaibrith.ca
