Welcome to MHC!
Giving to MHC
We strive to ensure you have access to the information you need to make appropriate decisions when placing your donation. We’re also serious about providing recognition that matches your preferences and honours your contribution.
Ways to Give
There are many ways to provide a donation, and we’re confident that at least one of them will meet your needs. If you find the array of choices complicated or confusing, we’ll be pleased to discuss your options. If necessary, we encourage you to seek advice from a qualified financial expert.
A cash donation is the most common way of making a gift and the simplest way to show your support for the students and programs at Medicine Hat College. The advantage of a cash gift is that it allows the College to put it to immediate use. Gifts of cash can be made by cheque, money order, VISA or MasterCard.
We all face limits to our personal or business budgets, but pledges allow you to spread the cost of your donation over several years. Once you’re pledge has been established, we’ll send you an invoice each year as a reminder to make your contribution. Tax receipts for eligible gifts will be provided annually, while our recognition program focuses on the eventual scope of your contribution.
Both during your lifetime and through your will, you can donate property to a charity. A gift of property is called a gift-in-kind. Other examples include equipment, software, artwork, shares and real estate, as well as life insurance or a residual interest in real property. A gift-in-kind is normally valued at its fair market value. Tax receipts for your donated property or equipment work in the same way as they do for a gift of cash.
Gifts of Appreciated Securities
Publicly listed securities that have grown in value since they were first purchased offer special benefits for charitable giving. Donors who contribute any appreciated stocks and bonds of companies listed on prescribed stock exchanges will be able to significantly reduce the amount of capital gains tax otherwise payable on the securities, as only 25% of the gain will have to be brought into income. The same securities sold publicly would trigger a capital gains tax in Canada calculated on 50% of the realized gain. When you make a gift of appreciated securities you receive an official tax receipt for the fair market value of the gift, based on the value of the securities on the date of transfer to The Medicine Hat College Foundation.
Honorary or Memorial Gifts
Honorary gifts recognize special individuals, anniversaries or events. Memorial gifts recognize lifetime accomplishments of individuals who have passed away. Honorary or memorial gifts can be unrestricted or designated for use in a particular program or area. All gifts are recognized with a card sent to the individual being recognized or remembered and/or his or her family.