The CFPEI 2025 Vital Signs® Report is now available! To read and/or download the report (available in both French and English) visit www.cfpei.ca/vitalsigns2025/
Creating Opportunities for Students on PEI (COSPEI) Gold Rush is an ongoing year round weekly raffle (must be 19+ to play/win) to raise funds for participating Home and Schools across the Island. To learn more about the COS PEI Gold Rush, or to sign up and play (must be 19+ to play/win) click Read More!
Community Grants
Each year Community Foundation of PEI opens for an intake of Community Grant applications to various funds. This year, the Spring round of funding opened Saturday, March 1, 2025 and will close Friday, April 18th, 2025 at 11:59pm Atlantic. (Some exceptions apply, visit the Community Grant Application Portal for fund specific information) www.cfpei.ca/apply/community/
Scholarships
Each year Community Foundation of PEI opens for an intake of Scholarship applications to various funds. This year, the Spring round of funding opened Saturday, March 1, 2025 and will close Friday, April 18th, 2025 at 11:59pm Atlantic. (Some exceptions apply, visit the Scholarship Application Portal for fund specific information) www.cfpei.ca/apply/scholarships/
Last week, the Canada Revenue Agency and the Department of Finance confirmed that the federal government’s decision to extend the 2024 charitable donation tax deadline to February 28, 2025, will take effect.
The extension is intended to address the impact of last year’s four-week Canada Post mail disruption, which significantly affected charities during the crucial holiday giving season when mail-in donations are essential.
Here’s what you need to know:
- The deadline applies to donations made up to February 28, 2025, for the 2024 tax year.
- It covers “cash” donations or those made by cheque, credit card, or electronic payment.
- The extension does not apply to gifts in-kind, payroll deductions, or bequests from individuals who pass away after 2024.
- For full details, please visit the Canada Revenue Agency’s Announcement
Giftabulator is a financial tool for individuals to use to explore ways to reduce or even eliminate tax implications, while maximizing their charitable gift to the charity, or charities of their choice! Whether giving now, or estate planning to give in the future, CFPEI’s Giftabulator makes giving clearer than ever.
Disclaimer
This information is provided for illustrative purposes only. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. and the Community Foundation of PEI assume no liability for errors and omissions. To assist you in taking the next step, please contact your accountant, lawyer, financial advisor or the Community Foundation of PEI. The information provided on the GIFTABULATOR® application is for educational purposes only. The examples of specific outcomes that are illustrated are for informational purposes only and are not recommendations. No information or data is stored on the website and thus your information is completely anonymous. The scenarios presented in the GIFTABULATOR® application are not meant to provide legal, accounting, tax, financial or other professional services/advice. All materials are provided as is without warranty. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. assumes no liability for errors and omissions.
Assets
– Lifetime Capital Gains Exemption: A capital gains exemption of $835,714 is available for small business corporation shares and fishing property. For farms it is at $1,000,000. Note that the value utilized for the capital gains exemption is $835,714. This exemption can only be used once during life, per person, for both small business shares, and farms. The GIFTABULATOR® Tool is for illustrative purposes only, and for any business donations, it should be handled by a tax professional.
Income
– Salary Income Amount: User selection of income range will result in the selection of an income amount that will place them at the lowest of the income bracket selected.
– Bequest Amount: A bequest is an amount you can donate to receive a tax credit. It is calculated using cash, registered investments, real estate (non-principal residence) and/ or other assets. Please note that you can donate your primary residence, however, it has been omitted here because primary residences are not taxed.
Have you ever wondered how donors could give more to your organization without impacting their financial security? With Giftabulator®, it’s possible—and it could mean transformative gifts for your charity.
What is Giftabulator®?
Giftabulator® is a simple, innovative tool that helps donors explore tax-efficient giving strategies. By showing them how to maximize their contributions while minimizing taxes, it empowers them to make larger gifts than they thought possible.
Why Does This Matter to Your Charity?
Many donors only consider cash gifts from post-tax income, but there’s a smarter way. For example, by donating appreciated assets like stocks or mutual funds, donors can:
- Avoid capital gains taxes on the asset’s appreciation.
- Claim tax credits for the full market value of the gift.
It’s a win-win: donors achieve greater financial benefits, and your organization receives more impactful contributions.
How Can Giftabulator® Benefit You?
By introducing your donors to Giftabulator®, you’re equipping them with the knowledge and tools to give bigger, smarter, and more meaningful gifts. The platform is user-friendly and demonstrates the potential benefits in real-time.
Discover how Giftabulator® can revolutionize giving for your supporters. Click below to explore the tool and see its potential for your charity!
Disclaimer
This information is provided for illustrative purposes only. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. and the Community Foundation of PEI assume no liability for errors and omissions. To assist you in taking the next step, please contact your accountant, lawyer, financial advisor or the Community Foundation of PEI. The information provided on the GIFTABULATOR® application is for educational purposes only. The examples of specific outcomes that are illustrated are for informational purposes only and are not recommendations. No information or data is stored on the website and thus your information is completely anonymous. The scenarios presented in the GIFTABULATOR® application are not meant to provide legal, accounting, tax, financial or other professional services/advice. All materials are provided as is without warranty. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. assumes no liability for errors and omissions.
Assets
– Lifetime Capital Gains Exemption: A capital gains exemption of $835,714 is available for small business corporation shares and fishing property. For farms it is at $1,000,000. Note that the value utilized for the capital gains exemption is $835,714. This exemption can only be used once during life, per person, for both small business shares, and farms. The GIFTABULATOR® Tool is for illustrative purposes only, and for any business donations, it should be handled by a tax professional.
Income
– Salary Income Amount: User selection of income range will result in the selection of an income amount that will place them at the lowest of the income bracket selected.
– Bequest Amount: A bequest is an amount you can donate to receive a tax credit. It is calculated using cash, registered investments, real estate (non-principal residence) and/ or other assets. Please note that you can donate your primary residence, however, it has been omitted here because primary residences are not taxed.
GivingTuesday is December 3rd this year and is fast approaching – Islanders, Charities and Non-profits are encouraged to start brainstorming their GivingTuesday movements today!
Not sure what to do? Stay tuned for some very exciting CFPEI News!
For more information about GivingTuesday, visit www.givingtuesday.ca
The Rotary Club of Charlottetown Literacy Foundation is accepting new applications for non-profit and NGOs projects to advance Literacy and Essential Skills for Islanders. Eligible literacy projects extend beyond language skills to include numeracy, civics and skills necessary to acquire employment. Projects must take place in PEI and grants will range between $1,000 and $20,000. Two-year projects will be considered.
Go to www.rotaryliteracypei.ca and request additional details and an application form.
As a result of the high level of federal, provincial, community and Host Society investment into our Island communities, the 2023 Canada Games Host Society is committed to developing a meaningful and impactful Legacy Program that will benefit sport and communities for generations to come.
“Thanks to the efforts and support of host society staff, many volunteers, sponsors, funding partners, and strong financial management, the Host Society will have a financial surplus of approximately $5.5 million dollars,” says 2023 Canada Games Chair Wayne Carew.
The purpose the 2023 Canada Games Legacy Fund is to develop and build upon the legacies of the past Games in a way that benefits sport throughout Prince Edward Island. The 2023 Canada Games Legacy Fund will complement and not duplicate the exceptional results of the 2009 Canada Games Dreams and Champions Program that will continue to exist in Prince Edward Island.
The Host Society has partnered with the Community Foundation of PEI to distribute the financial legacy to Provincial Sport Organizations (PSO), Partner Municipalities (preference given), and provincial not-for-profit organizations.
Applications for the 2023 Canada Games Legacy Fund will be accepted between May 13th, 2024 and September 30th, 2024 through the PEI Grant Application Portal, administered by the Community Foundation of PEI.
All eligibility information, project criteria and more can be found within the application portal. Access the portal by clicking the APPLY NOW! button below.
The 2024 edition of “The Jake” will take place on the weekend of September 27-29, 2024 and will be open to anyone wishing to participate.
The Jake is an annual Run-Bike-Walk event in memory of Jacob Simmons of Belfast, PEI – an avid athlete who was killed at the age of 27 by an impaired driver while cycling on June 12, 2020.
The event began in August, 2020 when a group of 22 current and retired PEI education administrators participated in a biking event on selected portions of the Confederation Trail, and in the process raised $850 towards the School Food Program. The participants very much enjoyed the camaraderie, the opportunity to connect with current and former colleagues, the exercise in the outdoors, the fact that they were making a contribution to the education system, and decided that it was an event worth continuing.
Since the first year, the event has supported two different causes, the Jacob Simmons Sports Scholarship (2021) and MADD Charlottetown & Eastern PEI (2022 & 2023).
The organizing committee of The 2024 Jake has decided to seek applications from PEI charities to become the beneficiary of this year’s event funds. Applications are now open and will close on July 15th!