Donations of Cash and Securities:
In conformance with IRS guidelines, CCAR does not accept contributions that are earmarked or required to be distributed to any other organization. CCAR is pleased to consider recommendations and suggestions as to how donations are to be applied in grant making. Donors may suggest that their gift be used for a specific purpose; however, these requests are non-binding on CCAR. Directors of CCAR have discretion and control over the ultimate disposition of any contributions received by the organization. This ensures that gifts made to CCAR are tax-deductible and that CCAR fulfills its duties and obligation as a U.S. tax-exempt organization under section 501(c)(3) of the Code and as a Canadian qualified donee under the Income Tax Act (Canada). Donors may make unrestricted contributions to CCAR; and in these cases, the Board of Directors will determine the manner in which contributed funds will be used. Institutional beneficiaries of CCAR grants must be qualified, charitable entities under U.S. law and in Canada, and approved by CCAR's board of Directors. Beneficiaries are listed on this website.
It is CCAR's practice to allocate a portion of its general administrative expenses to donations of cash and securities as received. Donations of $1,000 to $1 million will be subject to an administrative allocation of 5% of market value on the date the gift is received by CCAR. Gifts over $1 million will be open to discussion between the donor and CCAR.
Any contribution in currencies other than U.S. funds will be converted into U.S. funds at the prevailing foreign exchange rate. CCAR accepts donations by payment to the New York office: CCAR, 14 East 60th St. Suite 700, New York, NY 10022. To wire transfer funds please contact us directly for details: 212-935-0231; or by email: email@example.com.
Donors may be eligible to take whatever tax benefits are available to them according to the laws of the U.S. or Canada, depending on their tax domicile. If you are American, or provide U.S. source income, your donation is treated as a donation to a U.S. charitable organization, a 501(c)(3), recognized by the IRS. If you are Canadian, CCAR is registered as a qualified donee under the Income Tax Act (Canada). As such, sections 110.1 and 118.1 of the Act provide that within specified limits and if supported by official receipts, individual taxpayers may claim credit against taxes payable, and corporations may claim a deduction in computing taxable income, for the eligible amount of a gift made to CCAR. CCAR encourages prospective donors to refer to their own tax advisers to determine individual eligibility for, and the nature and extent of, any tax deduction.
All donations to the Council of Canadian American Relations are 100% tax deductible and no goods or services are provided for donations unless otherwise stated.