Charitable Foundation
The Rotary District 5370 Charitable Foundation was established to provide assistance to clubs in fundraising for their charitable projects.
The Foundation is registered with the Canada Revenue Agency as a "public foundation". This means that it is able to collect funds for charitable activities and issue tax receipts for these funds.
Here's a brief summary of how the Foundation can assist your Rotary club:
1. Your club identifies a suitable fundraising project as well as the donee of the funds raised. (Please note that there are specific regulations as to donees - see the "Qualified Donees" page)
2. The funds raised are sent to the Foundation, along with a list of the donors and amounts for income tax receipt purposes. The funds are held in trust until they are needed by the club (see #4). Interest earned on these is used by the Foundation for administrative purposes.
3. At year-end, the Foundation will provide your club with the tax receipts, for distribution to the donors.
4. When advised to do so, the Foundation will provide you with a cheque for presentation to the donee.
The above is a very short summary of how the Foundation can serve your club. Please see the additional pages in this section for more information.
When your club has a fundraising event, please contact one of the following individuals to discuss the details and procedures to be followed, as there are strict Canada Revenue Agency rules which must be adhered to. Nevertheless, there are many imaginative ways your Rotary Club can benefit from being able to provide tax receipts as part of your fundraising activities.
Contact:
Foundation President - Julius Buski
The Foundation is registered with the Canada Revenue Agency as a "public foundation". This means that it is able to collect funds for charitable activities and issue tax receipts for these funds.
Here's a brief summary of how the Foundation can assist your Rotary club:
1. Your club identifies a suitable fundraising project as well as the donee of the funds raised. (Please note that there are specific regulations as to donees - see the "Qualified Donees" page)
2. The funds raised are sent to the Foundation, along with a list of the donors and amounts for income tax receipt purposes. The funds are held in trust until they are needed by the club (see #4). Interest earned on these is used by the Foundation for administrative purposes.
3. At year-end, the Foundation will provide your club with the tax receipts, for distribution to the donors.
4. When advised to do so, the Foundation will provide you with a cheque for presentation to the donee.
The above is a very short summary of how the Foundation can serve your club. Please see the additional pages in this section for more information.
When your club has a fundraising event, please contact one of the following individuals to discuss the details and procedures to be followed, as there are strict Canada Revenue Agency rules which must be adhered to. Nevertheless, there are many imaginative ways your Rotary Club can benefit from being able to provide tax receipts as part of your fundraising activities.
Contact:
Foundation President - Julius Buski
Rotary Club of St. Albert - Saint City
e-mail: buski@shaw.ca
Ph. (780) 973-6820
OR
Foundation Treasurer - Ryan May
e-mail: ryan@rtjmay.ca
Ph. 587-783-4344
We are here to help!
e-mail: buski@shaw.ca
Ph. (780) 973-6820
OR
Foundation Treasurer - Ryan May
e-mail: ryan@rtjmay.ca
Ph. 587-783-4344
We are here to help!