Wednesday, 28 September 2022

Donations to the Friends of the GDH are tax efficient

When you donate to the Friends of the Golden & District Hospital, Canada Helps will issue to you a charitable donation tax receipt for the full amount of the donation. You can print the tax receipt directly from the donation page or retrieved at a later date. The tax receipt can also be emailed to you.

Some charities charge a large administration fee reducing the amount available to the cause however, Canada Helps only takes a small administration fee of 3% and transfers the funds to the East Kootenay Foundation for Health (EKFH) where it is segregated into an account specifically for the Friends of the Golden and District Hospital. The EKFH takes about 5% as an administration fee when equipment is purchased, so for every dollar donated approximately 92 cents is available to the hospital for the purchase of equipment. A very efficient way for you to support our community hospital!

Your tax credit will vary depending on your level of donation. For a resident of BC:
For a donation of $1000, the tax credit is approximately $389.72
For a donation of $500 , the tax credit is approximately $171.22 
For a donation of $200 , the tax credit is approximately $40.12
The tax credit reduces your tax payable.

To estimate your amount of tax credit click the link below;

Canada Helps tax credit calculator

The online fundraising page, Giving Thanks to the Golden & District Hospital 2020, is accepting donations until Saturday October 8th 2022.

Large or small, all donations show you care.

To Donate today, click the link below

$25, $50, $100, $250, or more

Keith W Hern, Friend of the Golden & District Hospital

 

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