Charitable Receipts
Charitable Donations at the South Winnipeg Kinderschule
As a registered non-profit, the South Winnipeg Kinderschule has ‘Chartiable Status’ and can give receipts for income tax purposes for cash or other donations. This policy is intended to provide guidance for the issuance of such receipts.
As a registered non-profit, the South Winnipeg Kinderschule has ‘Chartiable Status’ and can give receipts for income tax purposes for cash or other donations. This policy is intended to provide guidance for the issuance of such receipts.
- Receipts may be issued for all cash donations of $20 or more, if requested.
- Receipts may be issued for all material donations valued at $50 or more, if requested, and if accompanied by documentation assessing the value of the specific item(s). See below. No value should be promised as the Kinderschule Treasurer will have the final say on value when reviewing the provided documentation.
- No receipts are issued for services offered to the Kinderschule. This is not permitted under the Charities Directorate regulations, even as services have value. Suffice it to note that services must always be paid for by Kinderschule and that cash donations can be made to Kinderschule at any time for any amount.
- New item value can best be assessed by the purchase receipt. Alternately, a price quote from dealer / manufacturer (including internet sites, preferably Canadian) will suffice for the closest estimate.
- Used items are depreciated and must be devalued at minimum by 10% per year from original value (established as above). Depreciation amount further depends on reasonable usefulness remaining for Kinderschule purposes. The specific terms must be established on a case by case basis and must be agreed upon by two or more Kinderschule Board / Staff members.
