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Eden Foundation

Mission

mission2

“In the spirit of Christian stewardship, to encourage individuals, constituent churches and the broader community to provide financial support for Eden Health Care Services programs, which bring hope and healing to those with mental health concerns.”


How funds are used

Contributions to the Eden Foundation are used to fund the mental health recovery programs of Eden Health Care Services and go principally to…

  • Fund new program development
  • Subsidize existing services
  • Provide funds for capital projects
  • Build equity for the future

The Foundation accepts financial gifts through donations, bequests, wills, and endowments. It also co-ordinates several fundraising events throughout the year as well as more major fundraisers from time to time, connected to specific capital campaigns. Rather that drawing from a large equity base, the Foundation disburses 90% of annual contributions to support the ongoing mission of EHCS programs. Typically about 10% of annual donations go into an equity-building account managed by the Foundation. In order to provide services and programs that are not funded through government and other funders, the Eden Foundation depends on the ongoing generosity of its supporting donors to support these vital services.


Planned Giving

The government – In the interest of promoting planned giving, the government continues to improve the tax advantage for individuals and estates.

A variety of options are available. Various approaches provide different advantages and have different resource requirements.

The Investment Plan

  • Objective – to create a permanent endowment fund which will provide funds for the Foundation in perpetuity.
  • Suitable for clients with current good cash flow needing tax advantages now.
  • Donors agree to a fixed set of donations (usually five years) for which they receive a donation credit.
  • Funds are invested for growth for a period of time and then income from the principal is used by the Foundation.

Life Insurance

  • Objective – to create a large donation upon death
  • Tax implications
    1. Option 1

      The premiums to pay for the life insurance policy (usually five years) are tax deductible when made. Upon death, the proceeds of the policy are given to the Foundation but no charitable contribution is granted.

    2. Option 2

      In this case, the estate is named as the beneficiary and upon death, the will directs the proceeds of the policy to the Foundation. The donation generates a charitable tax credit in the amount of the proceeds. In this case, the premium payments are not tax deductible.

Income Plan

  • Objective – to make a donation and yet provide an above-average return for income purposes.
  • Suitable for individuals with a lump sum of money which is being used to provide investment income.
  • The sum is donated to the Foundation and the proceeds used to purchase a life annuity from an insurance company. The annuity is a guaranteed income stream for the life of the donor.
  • Depending on age, the donation may provide for an immediate tax receipt plus above-average income. Upon death, the payments cease and there is no residual for the estate. This plan works best for those over 70 who do not need this money for their estate.

Income Trusts

The Income Plan

  • Objective – to create a permanent endowment fund which will provide funds for the Foundation in perpetuity.
  • Suitable for clients with current good cash flow needing tax advantages now.
  • Donors agree to a fixed set of donations (usually five years) for which they receive a donation credit.
  • Funds are invested for growth for a period of time and the income from the principal is used by the Foundation.

Donation of Real Estate or Stock

  • 2006 amendments to the Income Tax Act enhance the ability of Canadians to support the Eden Foundation or other registered charities. A person may now donate publicly traded securities to a registered charity without having to pay any capital gains tax. As a result, more money can be placed in the hands of registered charities and put to work for Eden’s mental health programs at a lower cost to the person making the donation.
  • If you are holding publicly traded securities, we would encourage you to investigate the benefits of this type of donation.

Bequests

  • In addition to their regular donations, some supporters have provided for the future of Eden programs in their will. These bequests have provided a critical financial buffer during periods when the costs of operations exceed donations. Please consider a bequest to Eden Foundation as part of your estate planning to ensure that we can continue to provide services to those who need support.

How Can I Give?

You can share in the vital work.

  • Donations: A personal donation indicates your interest in promoting hope and healing.
  • In Memory: A contribution to honour the memory of a friend or relative is a meaningful memorial.
  • Bequests: A gift stipulated in your will becomes a continuing expression of your concern.
  • Endowments: An endowment allows you to continue supporting Eden’s work many years in the future.
  • Life Insurance: A gift of life insurance guarantees your gift to charity at your death. Premiums are tax deductible.