Cash Donations

Unrestricted cash received by a charity for which it issues tax receipts can be spent within two fiscal periods from the date of the gift.

When a (large) donation is offered in cash with a stipulation that it not be used for 10 years, it is treated as capital donation. Cash donations directed to the Legacy for Life Fund and interest earnings can continue to build the capital account.

Once you have decided to make a charitable gift to the Kiwanis Club of Ottawa's Legacy for Life Fund you are best to determine the method that is best suited to you.This decision should be made in consultation with your professional advisors.