The CSC Legacy Fund: Transforming Tomorrow
The Canadian Society for Chemistry (CSC), working in collaboration with the CIC Chemical Education Fund (CEF), a registered Canadian charity, is proud to introduce its Planned Giving Program. What is planned giving, or legacy giving? Generally, any gift made with forethought about the benefit to the charity and the financial implications to the donor and the donor’s family is a planned gift. Planned gifts are often equated with deferred gifts such as bequests (gifts in a will), gifts of appreciated securities, gifts of RRSPs/RRIFs, and similar arrangements where the commitment is made now but the funds are not available to the charity until some future time.
Planned gifts can also be outright. A gift for current needs, consisting of cash, in-kind assets, such as privately-owned or listed securities, real estate, or retirement funds, structured and timed to limit any tax on the capital gain and obtain full benefit of the tax credit, is a planned gift.
Through this program and the newly created CSC Legacy Fund, CSC members can now easily continue their legacy of engagement and support to chemistry. The CSC Legacy Fund is a charitable fund initiated by the CSC and created in collaboration with the CIC Chemical Education Fund (CEF). It is held and administered by the CEF. Its purpose is to support projects that:
- Contribute to the public appreciation of chemistry in everyday life;
- Support and facilitate life-long learning in the field of chemistry;
- Connect young minds to the wonders of science and chemistry.
Your gift can be directed to a specific project such as creating a new, or supporting an existing, outreach or education program, scholarship or award. It can also be unrestricted, meaning it can be used for any project that complies with the Permitted Uses of Funds and that is in need of financial support.
Give to the CSC Legacy Fund by contacting firstname.lastname@example.org.
We can provide additional information and documents that you can share with your financial advisor or lawyer.
Permitted Uses of Funds
Here are some examples of permitted uses of funds from the CSC Legacy Fund. These are based on its goals and purpose:
- Public lectures or presentations (including presentation of chemical experiments) by chemical scientists or their students to the general public, community groups or youth organizations;
- Educational sessions held at universities and colleges on subjects of general interest in the chemical sciences that are open to the general public;
- Educational presentations by universities and colleges for the benefit of high school students and in particular those interested in pursuing a career in chemical science;
- Chemical competitions for high school and elementary school students;
- Events or projects that impact upon a large number of Canadians;
- Field trips;
- Scholarships, awards, bursaries, prizes and other honours for attendance at professional conferences or other educational opportunities;
- Scholarships, awards, bursaries, prizes and other honours in support of education at academic institutions;
- Continuing education courses;
- Translation — ensuring high quality educational material in both official languages;
- Travel to conferences or other educational opportunities;
- Mentoring — linking those willing to learn with those willing to share;
- Research, as related to education in chemistry;
- Creation of course modules for students of any age at any academic institution.
For more information on permitted uses, contact email@example.com or 1-888-542-2242 ext. 240.