FAQ
- To Who and Where do I send my donation?
- I made a donation, but I haven't received my tax receipt. Who do I call?
- Does my gift qualify for charitable credit against my Canadian income taxes?
- What is the tax credit cut-off for gifts that I make?
- If I live outside the country, is my gift still tax deductible?
- What if I don't want to be publicly recognized for my gift?
- Who do I contact if I want to run an event on behalf of the Foundation?
1. To Who and Where do I send my donation?
All cheques for student awards should be payable to RDC Foundation. Cheques can be mailed to:
RDC Foundation
100 College Blvd.
PO Box 5005
Red Deer, Alberta
T4N 5H5
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2. I made a donation, but I haven't received my tax receipt. Who do I call?
Please contact Chris Morrison at 403.342.3235 or by email.
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3. Does my gift qualify for charitable credit against my Canadian income taxes?
Yes it does. The RDC Foundation is a fully qualified and duly registered Canadian Charity, recognized in all Provinces and Territories.
For general middle income earners, your combined (Federal + Alberta) charitable credits result in tax savings approximately equal to 31% of your total annual donations (to ALL sources) over the first $200. Those earning $66,000 or more experience tax savings of 43%, and the highest earners save taxes equal to more than 46% of their gift. Please feel free to speak with us in confidence about how much tax savings will result from your charitable giving.
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4. What is the tax credit cut-off for gifts that I make?
Tax credits may be applied up to 75% of your annual net taxable income. Unused credits may be carried over for use, in whole or part, in any of up to five subsequent tax years. Tax credits for an estate gift may be applied up to 100% of the net taxable income reported of a final tax return, plus unused credits may be carried back and applied up to 100% of the net taxable income reported in the prior year.
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5. If I live outside the country, is my gift still tax deductible?
If you have a Canadian taxable income, your tax credits may be applied to offset tax on that income as if you were a resident of Canada.
If you are a US resident, but are also a graduate of RDC and/or a qualifying relation to a RDC alumnus (Spouse, Parent, Sibling, Child), your gift to RDC achieves full charitable deduction on your IRS Income Tax return.
If you are US resident but have a different relationship to RDC than mentioned above, your gift may still achieve full IRS Deduction status.
If you have any further questions regarding tax credits, please speak to Michael Donlevy at 403.342.3175, or by email.
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6. What if I don't want to be publicly recognized for my gift?
We will of course respect the wishes of those donors who prefer to give without recognition. At your request, we will keep your donation anonymous.
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7. Who do I contact if I want to run an event on behalf of the Foundation?
Richard Deschenes will be happy to speak with you. He can be reached at 403.342.3317 or by email.
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Revenue Canada Registered Charity Number 89051 5570 RR0001