Ways to Give
Your donations make an immediate difference in the lives of children and parents from single parent families. Here are a few ways that you can help.
Honour a special person:
Honour someone that is special to you with a Tribute Gift to 1Up and make a difference to single parent families. 1Up would be honoured to send a message to the family to inform them of your thoughtful gift.
Click below. At the bottom of the secure donation form, please choose your tribute.
The Jaime and Caden Memorial Fund:
In memory of Jaime and Caden Traynor, their family and friends have established the Jaime & Caden Traynor Memorial Fund through 1Up with a commitment to supporting single parents with lived experience with mental illness, and particularly those individuals who are, or have a goal to be, community-minded advocates for people experiencing mental illness. Our hope is that the funding will have positive effects on individual’s lives and encourage lasting and meaningful conversations about mental health, with the hope that this brings about more compassion, advocacy, listening, and change.
Click below and choose ‘Jaime and Caden Traynor Memorial Fund’ from the drop-down list.
Christmas Hampers
This program allows your team to work together to support a single parent family.
Our dedicated Christmas Hamper Program for 2022 is full. Please contact Sarah to be notified for 2023 giving season.
Plan An Event
Independent Special Events, or third-party fundraisers, are a very important component of the fundraising activities of 1Up. Fundraising events held by individuals, employee groups and our community partners allow 1Up to increase our capacity to support single parent families access counselling, connections and practical support. Your time, energy and contributions help make all this possible.
Corporate Sponsorship
This program highlights your good work in the community while providing for families. We are happy to work with your team to provide to your valuable contributions that our corporate sponsors have made. We can also provide exposure using our social media pages, website and newsletter. Please contact info@1-up.ca for more information.
Gift of Securities
1. You Will Benefit by Donating Your Publicly-traded Securities – Not Cash
You may not have the available cash, but you can still make a difference and benefit tax-wise by the gifting of “publicly-traded securities”. This is more tax-effective than selling the securities and donating the cash proceeds. If, for example, you sell units of a mutual fund and donate the proceeds to 1Up, you will have an income inclusion of the taxable capital gain, which is equal to 50% of the capital gain realized upon the disposition of the units. Contact Executive Director, Sarah Downey at (250) 385-1114 ext. 224 or sarah@singleparentvictoria.ca
However, if you donate publicly-traded securities “in kind” to a 1Up the inclusion rate on the capital gain is 0% instead of 50%. Your charitable donation receipt is for the same amount as if you had donated the cash proceeds from the sale of the mutual funds, yet the tax owing on the capital gain is eliminated by donating the securities “in kind”.
Example: You want to make a $100,000 donation to 1Up’s Mom’s and Mentor Program.
You have a mutual fund investment valued at $100,000 that you donate.
The adjusted cost base for this investment is $40,000.
The unrealized capital gain on the investment is $60,000.
Income inclusion if you cash in the mutual fund and donate the proceeds: taxable capital gain is 50% x $60,000 = $30,000
VS
Income inclusion if an “in-kind” donation of mutual funds is made through a transfer of ownership to 1UP: 0% x $60,000 = $0
In either situation, you will receive a charitable donation receipt for $100,000, which is the fair market value of the gift.
To donate Gifts of Securities, contact the Executive Director, Sarah Downey at sarah@singleparentvictoria.ca or print and complete our Securities Transfer Form.
Gift in Your Will
Have your made a plan in your will to benefit 1Up Single Parent Resource Centre? Join the CIRCLE OF HOPE by telling us about your plans. By showing your intention to benefit the work of 1Up we are able to ensure that we can help you leave the legacy that you would like, without any unforeseen snags. And, most importantly, we can capture your story and show you our appreciation.
Please contact Executive Director, Sarah Downey at sarah@singleparentvictoria.ca.
If you are considering leaving a portion of your will to 1Up or making a current annuity agreement, the following is some sample wording that you may take to your financial advisor and lawyer.
Sample Bequest Wording
It is recommended to word a bequest so that the Board of Directors can take care of the priorities of the day.
A. To bequest a sum of money, please insert into your will: ”I give to the Victoria Single Parent Resource Centre Society the sum of (amount)…”
B. To bequest a particular property(ies) such as real estate, stocks, bonds, jewellery, works of art, or other items, insert into your will: ”I give to the Victoria Single Parent Resource Centre Society (description of property)…”
(Note: unless the property is useful to Single Parent Resource Centre, it will be sold, and the proceeds, less any appraisals and selling costs, applied per the terms of the bequest.)
Purposes of Bequests
Whatever the form of the bequest, it may be designated for unrestricted uses, for a restricted use, or to establish an endowment. Below are “purpose” clauses that can be added to any of the examples of bequest language listed above under the forms of bequest.
A. Unrestricted use: “…to be used for the general purposes of Victoria Single Parent Resource Centre Society.” [May also add, “… at the discretion of the Board of Directors.”]
B. Restricted use: “…to be used for (detailed description of what you want the bequest to accomplish).”
Donors are encouraged to communicate with the Executive Director to ensure that the restricted use is considered a request that can be honoured. Examples:
“…to be used in support of the Practical Support Fund”
“…to be used for support of ongoing operations.”
“…to be used for support of parent education.”
C. Establish an endowment with a minimum of $10,000
“This gift may be merged with any of the investment assets of the Victoria Single Parent Resource Centre Society, but it shall be entered in the Charity’s books and records as the JOHN AND MARY JONES ENDOWED… (Counselling Fund, etc.). The income from the endowment shall be used to… (support the health and well-being of parents through counselling services and emergency support…).”
Note: Before providing specific language for an endowment the donor(s) and their agents should check with appropriate officials of the Single Parent Resource Centre to make sure that the proposed endowment is consistent with the mission of Single Parent Resource Centre and that the amount of the bequest would be sufficient for the endowment.
Power to Vary Provision
It is recommended that the following paragraph be added if the bequest is either for a restricted use or to establish an endowment:
“If, in the opinion of the Board of Directors of the Victoria Single Parent Resource Centre Society, it should become impossible, inadvisable, or impractical to use this gift for the specified purpose(s), then the Board may in their discretion use the gift to the best advantage of the Charity, keeping in mind the original wishes of the donor. In any such alternative application, the support provided by this bequest shall be clearly identified with the name of MARY JONES.”
