Make a Gift
Giving makes a difference
The size of the gift doesn’t matter. Lakeland College appreciates each gift, from the smallest monthly cash donation to multi-million dollar gifts.
People like you make gifts for all types of reasons.
- Your grandchild is a Rustler, and you contribute to our adopt an athlete program.
- You once received a scholarship and want to give others the same boost, and establish an award.
- You plan a bequest because you’re an alumnus and you believe in your school.
- Your business decides to sponsor an event.
- You donate a hail-damaged vehicle to the apprenticeship program.
The easiest gift is a cash donation. It’s as simple as clicking the Donate button.
You can choose where your gift goes – to a particular program or to an area that’s most in need.
Each drop down menu below outlines different ways you may give to Lakeland and its students. We encourage you to discuss your options with a tax consultant or other qualified advisor.
Check our Donor Bill of Rights.
Lakeland College's charitable registration number is 119002731 RR0001.
Bequests |
A bequest is an easy gift to make. How you make your bequest depends on the kind of gift you are giving. You’ll need help from your lawyer or estate planning advisor to choose the best method. Typically real estate, personal property, business interests and cash are left via a will, a revocable trust or a simple codicil to your current will. The bequest is transferred tax-free to Lakeland College after your death. Your estate receives a charitable tax receipt for the gift. |
Cash |
You can give a cash donation any time. It could be a one-time gift, or a monthly donation. How much and when is your choice. You also choose where your gift goes. You can pick an area that means the most to you, or simply to the area of greatest need. It’s simple to make a cash donation. Drop off or mail a one-time gift to our office, or donate online. If you are interested in a recurring gift, you can also start with the online donation system. You can choose to do an e-transfer, payroll deduction or credit card. |
Event support |
Buying a ticket or participating at an event are both easy ways to support our students. You’ll get more than a tax receipt — you’ll get a meal, entertainment or a round of golf. An event to remember. Feast on the Farm Rustler’s Golf Tournament To enter yourself or a group, or to discuss sponsorship, please call Sheray Thomas at 780 871 5472 or email sheray.thomas@lakelandcollege.ca. |
Gifts-in-kind |
Gifts-in-kind benefit both Lakeland College and you, the giver. We get the equipment or product, and you get a tax receipt. Gifts-in-kind can be particularly important for Lakeland’s many student-led learning activities. Often specific equipment or technology is required. Or a gift-in-kind could support a college event such as the President’s Gala or Feast on the Farm. We accept such gifts respecting both your wishes and Lakeland’s values and needs. As a rule, unless we can effectively use the article in our operations or learning activities, the gift-in-kind will be sold. If the gift is worth more than $1,000 it will be valued by an independent appraiser. Before we can give you a charitable receipt we need some paperwork. If it is something brand new, we need either:
If the goods are used, we need an independent appraisal. If your gift’s fair market value is over $1,000 then there are more rules about who can do the appraisal. If you want more details about the tax implications, check the Canada Revenue website about gifts-in-kind. |
Land and Other Capital Property |
If you choose to give capital property, such as land, you need to be aware of all the tax rules related to depreciation, capital gains and fair market value. Generally capital property is something you bought as an investment or to earn income. If sold, such property would result in a capital gain or loss for income tax purposes. This includes but isn’t limited to:
Canada Revenue Agency will:
You have options based on the fair market value and actual cost base, as well as if it was depreciable property. For the best information about tax consequences, you should check the Canada Revenue Agency website, a tax consultant and or chartered accountant. |
Life Insurance |
Donating your life insurance to charity has two benefits:
You also have 3 options about how to use life insurance as a charitable donation. Before you make a decision, talk to a tax consultant or other qualified advisor. They’ll help you make the best decision for you. Name Lakeland College as the beneficiary on your policy. All the premiums you pay during your lifetime will be considered a gift and you’ll receive a charitable receipt for your annual premium payments. If Lakeland College is your beneficiary, we’ll receive a lump sum gift. Your estate will receive a charitable tax receipt for that amount. Donate an existing or new life insurance policy directly to a charity. In this case Lakeland College. Again, you’ll receive a charitable receipt for the annual premiums. Donate certain assets to Lakeland College and use a life insurance policy to replace the value of the donated assets. This is known as wealth replacement. Even though you are making a sizable donation, your estate remains at the pre-gift value. You’re eligible for a fair market value charitable receipt for the gift-in-kind. With those tax savings you can buy a life insurance policy for an equivalent value of the gift. Your heirs are then the beneficiaries of the life insurance policy. The life insurance proceeds aren’t included in your estate and are payable tax free to your heirs. |
Contact |
To get in contact with us, please reach out to external.relations@lakelandcollege.ca. |