Donation FAQ
Who do I make my cheque out to?
Please make your cheques out to UBC Library. If you wish your cheque to go to a specific fund, please enclose a note with this instruction.
Where can I mail a cheque?
Cheques can be mailed to:
Library Development Office
Irving K. Barber Learning Centre
1961 East Mall
Vancouver, B.C. V6T 1Z1
How can I update my mailing address?
You can update your address by calling us at 604-827-4112, or e-mailing us at library.development@ubc.ca.
What are the recognition opportunities for my gift?
Every gift to UBC makes a difference to our students and programs. All donors are recognized with a thank you letter, along with a tax receipt. Named opportunities are available for capital gifts.
Donors who give more than $1,000 become automatic members of one of our giving clubs:
• Wesbrook Society – Honours donors who contribute $1,000 to $24,000 annually.
• Chancellor’s Circle – Honours donors who have made lifetime contributions of $25,000 to $249,999.
• President’s Circle – Honours donors who have made lifetime contributions of $250,000 and above.
• Heritage Circle – Honours donors who have arranged a future gift for the University.
Members of giving clubs are honoured at annual events. Click here for more details.
What are the tax benefits of making a gift to UBC Library?
The Canadian income tax system encourages charitable gifts by granting tax credits to individual donors (corporations may claim deductions). For annual donations under $200, you will receive a tax credit of about 22 cents per dollar donated. For donations exceeding $200, you receive even more – approximately 43 cents for every dollar donated.
Provincial tax credit varies depending on the province where you live. We encourage you to consult a qualified financial advisor for the most accurate information regarding your personal taxation situation.
To estimate your tax credit, use our tax savings calculator below*:
| Your donation amount ($): | |
| Tax savings: | |
*The formula for the above calculation is:
- entered amount
-
(0.2205 x donation amount (up to $200)) + (0.437 x (donation amount minus $200))
2007 Federal Tax Credit: 15.5% on Donation Amount up to $200 then 29% on remainder
2007 BC Provincial Tax Credit: 5.7% on Donation Amount up to $200 (this may change to 5.35% in 2008) then 14.7% on remainder - line 1 minus line 2
For more detailed information regarding charitable giving, see the Canada Revenue Agency website.
Additional tax tips
- Charitable donations may be claimed up to an annual limit of 75% of net income (100% for gifts made in the year of death, including testamentary gifts such as bequests).
- Individuals and corporations who donate shares or other securities get a tax break on any resulting capital gain. As of the May 2, 2006 Federal Budget, any capital gains arising on the donation of securities will be tax-free.
- The securities must be publicly traded on certain stock exchanges; for example, the TSX, the NYSE or certain other listed exchanges.
- Unclaimed charitable donations can also be carried forward up to five years.
- Either spouse can claim the tax credit, regardless of which spouse's name is on the charitable donation receipt.