Support Comes in Many Forms
Get the "Financial Scoop"
Financial support is vital to our operation.
You can help in the following ways:
The Horse Protection Society is pleased to be able to accept donations of several kinds including:
- cash
- cheque or money order
- credit card
- in-kind gifts of goods
All donations go toward supporting the care of our horses and our programs. HPS is able to offer donation tax receipts for any donation of $20.00 or more.
How to Make a Gift
- You can donate online through our site using Pay Pal.
- You can donate through the Canada Helps website at www.canadahelps.org
Simply type in our name – Horse Protection Society of BC – and you will be directed as to how to donate.
- You can mail your cheque or money order to:
The Horse Protection Society of BC
6336 126th Street,
Surrey, BC, Canada
V3X 1T9.
Make a One Time Gift
Your one time gift will help HPS care for our horses by enabling us to purchase items such as:
- One bale of local hay $9
- One bag of feed $18
- Mineral/salt block $15
- Ground Flax $30
- De-Wormer $15
- Hoof Care $35 ($280 annually)
- Dental Visit $250 (minimum)
- Vaccines (annually) $200
- Rain Sheet $100
- Winter Blanket $175
- Stall Blanket $75
- Sponsor a horse for a month $500
- Sponsor a horse for a year $6000
Monthly Giving
If you would like to become a monthly donor consider sponsoring one of our horses and become a HPS Champion. What does it cost to be an HPS Champion? Full support of a horse is $500/mo. You can choose to sponsor for any amount. When you commit to support a horse you can send post dated cheques, you can pay on our secure website, through PayPal every month, or you can make an annual donation. All help is greatly appreciated!
If you feel you would like to be an HPS Champion, check out our Project and Program horses (on the "Our Horses" page) then contact us:
hps@telus.net or 604.539.8391
Legacy Giving
The Horse Protection Society relies entirely on the generosity of our supporters to fulfill our mission to support and promote the total well-being of horses. There are several ways to make a legacy gift including:
1. Create a Bequest in your Will
If you choose to name HPS as a beneficiary in your will, you will leave a legacy that lives on in the lives of countless horses.
We will work with you and your legal counsel to determine the most appropriate bequest you can make. Please contact us directly for assistance.
2. Name HPS as the Beneficiary of a Life Insurance Policy
You may have a life insurance policy that you no longer need. Keep the policy and name HPS as the beneficiary. Your gift will go directly to HPS and bypass your estate meaning no disputes about your intentions and lower probate fees. Plus your estate will receive a tax receipt for the full amount of the gift.
3. Name HPS as the Beneficiary of a RRSP or RRIF
Many Canadians are shocked to learn that the assets held in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) become fully taxable income to one’s estate in one’s year of death (unless a beneficiary designation allows the plan to be rolled over to a spouse or dependent child).
By making The Horse Protection Society of BC the named beneficiary of your RRSP or RRIF, the donation tax credit can dramatically reduce or even eliminate your tax liability.
When you name a charity as the direct beneficiary of a RRSP or RRIF, your estate is entitled to a donation receipt for the amount paid out on death. As this asset passes directly to the charity, probate taxes can be avoided and the risk of creditor claims can be minimized.
You can make the change of beneficiary by completing paperwork with your financial institution but it is always a good idea to include your intentions with such accounts in your will as well.
4. Other Ways to Give Using Your RRSP or RRIF
Many people have considered donating to charity but what has perhaps been overlooked, is a planning opportunity that has always been available should you wish to donate a portion of your RRSP or RRIF to charity. Note, this opportunity produces the best results if you’re not in the top tax bracket, which kicks in at income over $120,000 for 2007, as will be explained below.
Say you wish to donate $1,000 of stock from your RRSP to charity. You will face tax on the $1,000 withdrawn at your full marginal tax rate but you will also be entitled to a donation receipt equal to $1,000.
For someone in the top tax bracket, it’s a simple in and out - the tax on the RRSP withdrawal will be offset by the donation tax credit.
For everyone else, however, because you get a donation credit at the highest rate for any donations you make over $200 per year, the credit can exceed the tax on the RRSP withdrawal, allowing you to use the remaining donation credit to offset tax on your other income.
Let’s assume that Eli is retired and is living on income from his investments which totals about $25,000 a year, putting him in a 21% tax bracket in Ontario. Assuming he already made $200 of donations during the year and he makes a special donation of $1,000 from his RRSP, Eli would owe $210 of tax on the RRSP withdrawal but he would also receive a tax receipt for $1,000, which is worth just over 40% or $400 in tax savings.
In other words, by donating $1,000 of RRSPs to charity, he not only withdraws the funds ‘tax-free’ but also gets an additional $190 ($400 -$210) of tax credits, which can then be used to reduce taxes on his investment income.
by Jamie Golombeck, CIBC
*Always consult with your tax advisors for the most current figures and advice.
Tribute Gifts
Honour the animals and people that have touched your life by giving a gift in their name. See our Tributes page for more details.
Other Ways to Support HPS
- Organize your own fundraiser such as a car wash, bake sale, garage sale or craft sale.
- Donate the proceeds from your horse shows, horse clinics or any event you participate in.
- Take up a collection at work with co-workers. Ask your employer to match funds raised.
- Put out a collection box at your work place.
The Horse Protection Society of BC has been a Charitable Organization since 1984
Registration No. BN89180 0575 RR0001
