Leaving A Legacy

Your consideration in providing a planned gift – whether a bequest in your will, a gift of life insurance or securities, or a charitable annuity – will make a lasting contribution to the lives and communities where you choose to direct your support. 

Make A Difference Today!

Your donations enable us to continue to develop, fund and our support our capital projects and programs. Ukrainian cultural and educational life in Canada through Ukrainian folkdance groups, choirs, operas, musical ensembles, libraries, museums, summer camps, sports clubs, educational courses, Ukrainian schools, seniors’ and computer clubs; to assist in publishing books, magazines, and the weekly newspaper The New Pathway; to cooperate with Ukrainian organizations in Canada, in Ukraine, and other countries; and to  establish educational ventures such as Kalyna Country, Pier 21 Excursions, and the Paul Yuzyk Institute for Youth Leadership.

To make it easy for you to donate we have set up a number of Donation options for you to donate by Mail, online with the help of “Canada”; through this web site (Visa or MasterCard only) or by visiting our Office.

When making your donation via mail or online please make sure to indicate that you wish to have your donation go towards one of our programs or activities.

Donate by Mail or visiting in person

Send your Donations to:

145 Evans Avenue. Suite 210
Toronto, Ont.  M8Z 5X8

Cheque Memo: Donation “In memory of…” or “For ……………. Programs” etc.

Donate Online through Canada Helps

Canada Helps is a free electronic service that lets you, our members, friends and supporters donate to our Foundation easily and safely. The secure transactions that Canada Helps facilitates are sent directly to the UNF Foundation along with a record and receipt of the transaction to you the sender.

To Donate via Canada Helps visit and you will be directed to a secure Canada Helps Donation Page in the name of the UNF foundation.

Gift in Memory

Mark the legacy of a loved one by making a donation in their honour (cash or gifts in kind). Their legacy will live on in the difference the gift makes for youth in need.

Wills and Bequests

After taking care of your family and loved ones, we welcome you to think about making a meaningful impact on the world by leaving a charitable bequest.

No one should overlook the importance of making a will

A carefully drafted will ensures the financial security and well-being of your loved ones. It is a planning tool that you can use to determine which people and organizations will benefit from your estate, who will handle distribution, and who is to be guardian and trustee for those you love. Without a will, the government distributes your estate according to a legal formula. Taxes and administration costs can reduce the value of your estate, and the settlement may not reflect your wishes or the needs of your family and friends. In drafting or revising your will, the needs of your family should be your primary responsibility. However, there may also be an amount that can be allocated from your estate for charitable purposes and allow you to perpetuate a lifetime of giving. Unless otherwise directed by a donor, the UNF Foundation places all gifts received by bequest in its Foundation General Fund. This will ensure that the Foundation can introduce new programs and continue funding current ones to serve future generations of Ukrainian-Canadians.

Gift of Life Insurance

Naming Pathways to Education as a beneficiary on your life insurance policy is a wonderful way to leave a legacy. We’re happy to accept either your revocable or irrevocable gift of life insurance. Securities:

  • Publically Traded Securities
  • Gifts of Real Estate
  • RRSPs or RRIFs

To learn more about how you can leave or share a legacy, please contact us the UNF Foundation at: 145 Evans Avenue, Suite 210. Toronto, Ont. M8Z 5X8 If you prefer not to donate online, you can give a one-time or monthly donation by calling  416-925-2770.

Types of gifts

All gifts must have certain attributes. A gift must be:

  • voluntary,
  • a transfer of property (for example, cash, stocks, real estate, or clothes), and
  • unconditional.

One type of property is cash. A gift of cash is easy to value, and easy to use! A gift in kind is a non-cash gift, or a gift of property other than cash. There are several types of gifts in kind. Since a service is not property, a donation of services is not a gift. A tax receipt cannot be issued for a donation of services.

Gifts in kind

Gifts in kind include all types of property, except for cash.  In order to issue a tax receipt for a gift in kind, a charity must be able to determine the gift’s value. Depending on the type of property, valuing it can be very straightforward or very complex. Valuing property is discussed in the Valuing Gifts and Advantages section. There are many different kinds of property:

  • Tangible property (property that a person can touch)
    • real property (land and attached buildings)
    • capital property (property that is purchased with the intention of holding or using it, rather than reselling it)
      • depreciable property (property that is expected to be used, generally in a business, over a number of years)
      • personal use property (property generally used by a person, not in a business context)
        • listed personal property (specifically identified property that is expected to increase in value over time, such as various types of collections)
        • other personal use property
      • other capital property
    • non-capital property (inventories of goods held for resale)
  • Intangible property (that is, property that has no physical form)
    • securities and investments
      • qualifying securities (generally, securities that are traded on a stock exchange)
      • non-qualifying securities (securities that are not traded on a stock exchange)
    • interests in tangible property
      • leasehold interests (the right to possess and use a property for a period of time, through a lease)
      • residual interests (the remaining rights to a property after the current owner continues to possess and use it; these rights are usually created in a will)
    • intellectual property (trademarks, patents, licenses, and so on)
    • other legal rights and intangibles

The particular classification of a property depends in part upon the circumstances of the owner of the property. For example, an article of clothing could be:

  • personal use property, if the owner is an individual who wears the clothing;
  • non-capital property (i.e. inventory), if the owner is a clothing retailer; or
  • depreciable property, if the owner is a business that provides the clothing to its employees as uniforms to be worn on the job.

Bequest options and sample wording

There are several options you might consider when making a bequest to the UNF Foundation in your will. You can specify a dollar amount, a specific property, a percentage of your estate, or the portion that remains after you have provided for your family. You may also name the UNF foundation as a residual beneficiary in the event others you have named do not survive you.

1. A specific amount of money or property

The UNF Foundation can be named in your will to receive a specific amount of cash, or property such as an art collection, a home, parcel of land, etc.

Specific amount bequest

“I direct my Trustees to pay or transfer the sum of $…..… to the UNF Foundation to be added to its Foundation General Fund.”

Gift of real property

“I direct my Trustees to transfer and convey all my interest in real property (…description) to the UNF Foundation to be added to its Foundation General Fund.”

2. Percentage of your estate

Distribution of your assets can be arranged on a percentage or share basis. The bequest then remains in the same proportion to each other, despite fluctuations in the value of your estate from time to time. This is an especially important concept in a time of stock market volatility. “I direct my Trustees to pay or transfer….% of the residue of my estate to the UNF Foundation to be added to its Foundation General Fund.”

3. Residual bequest

Whatever property remains in your estate after debts and testamentary expenses are paid, and after specific bequests under your will have been fulfilled, is known as the residue of your estate. You can leave all or part of the residue of your estate to the UNF Foundation under your will. “I direct my Trustees to pay or transfer the residue of my estate to the UNF Foundation to be added to its Foundation General Fund.”

4. Double-purpose bequest

A sum of money can be directed to be held in trust under a will. The income from such a trust can be paid to a spouse or other beneficiary and the capital of the trust can be paid to the UNF Foundation, for placement in Foundation General Fund, upon the death of your spouse or other beneficiary. Wording will vary according to the trust agreement.

Life Insurance Policies

All about gifts of life insurance

One way that individuals can make a large gift to charity is by giving a gift of life insurance. The charity then receives the proceeds of the insurance policy when the individual dies.

An individual can give an insurance policy to a charity when the policy is first issued or at any time after that.

There are three parts to a gift of insurance that charities should understand. These are:

  • the insurance policy,
  • any premiums paid to keep the policy in force, and
  • the proceeds of the policy when the insured person dies.
Insurance policy

When an insurance policy is given to a charity, it must be an unconditional transfer of ownership of the policy. The policy might have no value (as is the case with a term life insurance policy or a newly issued whole life policy) or it might have a value (as is the case with an existing whole life insurance policy). If the policy has no value, the charity cannot issue a tax receipt to the donor.

The insurance company that issued the policy will be able to provide the value of the policy to the charity so that the charity can issue a tax receipt to the donor.

Insurance premiums

Once a policy is owned by a charity, premiums will generally have to continue to be paid to keep the policy in force. (Some whole life policies may be “paid up”; that is, no further premiums are required to keep the policy in force.) If the donor pays the premium, she is considered to have made a gift to the charity equal to the amount of the premium. In essence, this is no different from a donor making a cash gift to the charity, which the charity then uses to pay the insurance premium.

The charity can issue a tax receipt for the amount of the premium the individual paid. The charity should obtain a copy of a statement or receipt from the insurance company to support the amount of the premium paid and also who made the payment.

Insurance proceeds

When an insured individual dies, the insurance company pays out the proceeds of the insurance. When a charity collects insurance proceeds on a policy it owns, this payment is not a gift and no receipt may be issued. This is because the policy was a gift, and was receipted accordingly at the time it was donated. But if the policy was not owned by the charity, and the charity was simply named as the beneficiary of the insurance, then the proceeds are a gift, and a tax receipt for the amount of the proceeds may be issued to the owner of the policy (usually the insured individual’s estate).

Making a Gift of Securities

In May 2006’s Federal Budget, publicly listed securities to charitable organizations became exempt from any capital gains tax. The 2008 Federal Budget included an amendment to the tax law, adding exchangeable shares to the list of securities that the tax treatment already applies to, which includes:

  • Shares listed on most Canadian and certain foreign stock exchanges
  • Prescribed debt obligations
  • Shares of the capital stock of a Canadian public mutual fund corporation
  • Units of widely held Canadian mutual fund trusts
  • Interest in related segregated fund trusts

The benefits of donating a gift of securities to the UNF Foundation are twofold. First, you will receive a tax receipt for the fair market value of the donation in the amount of the closing trading price on the day the UNF Foundation receives the security. Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security.

Donating Securities to the UNF Foundation—it’s fast, it’s easy and both you and your community benefit!

An example of the tax benefit of donating securities to the UNF Foundation

  Option 1
Sell security and give cash
Option 2
Donate security “in kind”
Market value of security $10,000 $10,000
Cost base $5,000 $5,000
Capital gain $5,000 $5,000
Taxable capital gain (50%) $2,500 $0
Tax due on gain at 46% $1,150 $0
Tax receipt for gift $10,000 $10,000
Value of tax receipt at 46% $4,600 $4,600
Net tax savings $3,450 $4,600

This example uses Ontario federal and provincial combined tax rate.

Donating securities to The UNF Foundation involves two easy steps:

  • 1. Complete the UNF Foundation’s Gift of Securities Share Transfer Form
    and contact us to let us know to expect your donation. Please note that the Share Transfer Form is for the UNF Foundation’s records and does not initiate transfer of the securities.
  • 2. Instruct your broker to transfer your securities to the UNF Foundation’s brokerage account. Please do not transfer securities to The UNF Foundation without notifying us first.

For questions or assistance, please contact our office at 416-925-2770.

Frequently asked questions about gifts of securities

For more details on The UNF Foundation Toronto’s approach to handling securities, please review the following information.


How does The UNF Foundation handle gifts of securities and how long does the process take?


Length of Time

1: Donor decides to donate security, notifies the UNF Foundation and instructs their broker to transfer their shares to UNF Foundation’s account.

Time varies and is dependent on donor’s broker/investment adviser—typically one to three days*

2: Security is transferred to UNF Foundation’s brokerage account by donor’s broker and is immediately sold.

One to three days

3: Cheque representing net proceeds of the sale is sent to the UNF Foundation by the UNF Foundation Toronto’s broker.

Approximately three days

4: The UNF Foundation issues gift-in-kind charitable receipt on the same day as receiving the cheque

One day

*Please note that the time required for Step 1 is longer when working with a discount brokerage or donating mutual funds.

Answers to your questions

Is there a minimum value of a gift of securities that will be accepted by the UNF Foundation?

Yes, the UNF Foundation will only accept gifts of securities valued at $1,000 or more. This limit reflects the high cost of processing this type of gift to both the donor and the UNF Foundation due to costs such as the brokerage commission and market changes.

In addition, please note that a minimum of $1,000 must remain with the UNF Foundation. We value all donations and request that donors wishing to give a gift that is less than $1,000 do so by visiting CanadaHelps, by cheque or by personal visit.

When will the UNF Foundation sell my security? What will be the value of my tax receipt?

The UNF Foundation sells the securities immediately upon receipt. You will receive a gift-in-kind charitable tax receipt for the closing price of the security on the day that it is received in the UNF Foundation’s account.

When will I receive my tax receipt?

Your tax receipt is issued and available once the UNF Foundation receives the cheque for the sale of the security. This is typically within 10 business days of the date that the securities are received in the UNF Foundation’s account.

I want to donate share certificates. What do I need to do?

Share certificates can be donated in the donor’s name or transferred to the UNF Foundation’s name.

If donated in the donor’s name, the certificates must be signed and a photocopy of the front and back of the donor’s driver’s license or a signature guarantee on the certificate from the donor’s bank included, along with a letter from the donor directing the certificates to The UNF Foundation. Please contact The UNF Foundation at 416-925-2770 for more details.

How does the UNF Foundation handle flow through shares?

As long as the shares have a Committee on Uniform Securities Identification Procedures (CUSIP) number and are eligible for sale on a Canadian and certain foreign stock exchange, the process for donating flow through shares is the same as regular traded shares. Please contact The UNF Foundation at 416-925-2770 for more details.

Can I donate the proceeds from a sale of shares to the UNF Foundation?

Yes, but this type of donation will be handled as a cash donation and will not benefit from the capital gains tax exemption applied to a gift of securities.

I’m with a discount brokerage. Will this impact the timing of the process?

Yes, typically the processing time to transfer the share from a discount broker can take up to ten business days. In the case of mutual funds, the process can take longer. Please contact The UNF Foundation at 416-925-2770 for more details.

What is the UNF Foundation’s process for handling exchangeable shares?

Exchangeable shares can be donated directly to The UNF Foundation (typically in certificate form) or donated after they are exchanged.

If the shares are donated directly, The UNF Foundation’s broker will exchange them for shares of the underlying company, which could take up to one week. The donor is receipted based on the closing price of the underlying shares on the date the exchange is complete. If the shares are exchanged prior to donation to the UNF Foundation, the process is the same as any other share and the donor will receive a gift-in-kind charitable tax receipt for the closing price on the day that the shares are received in the UNF Foundation’s account.

How does the UNF Foundation handle designated gifts of securities?

As the cost of the processing securities is greater than with other types donations, a minimum gift of $1,000 must remain with The UNF Foundation.

How does the UNF Foundation handle the difference between the receipted amount for a gift of securities and the net proceeds from the sale? How does this affect the designated portion of a gift?

The UNF Foundation is only able to distribute the net proceeds from the sale of a gift of securities, which reflects the selling price minus the brokerage fees. This may be different from the receipted amount.

If you wish to donate a specific gift amount to the UNF Foundation’s General Fund that exceeds what is available for distribution based on the net proceeds, you may “top up” your donation to compensate for any shortfall arising from a loss/fees on the sale of the securities.

Which brokerages does The UNF Foundation deal with?

The UNF Foundation is fortunate to have relationships with all of the major brokerages in Toronto. Please contact The UNF Foundation at 416-925-2770 for more details.

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