Foundation

Giving Today

Support the CSEG Foundation with a gift today that could change our profession tomorrow.

Cash
Pledges
Property, Real and Collectable
Real Estate
Property or Goods (Gifts in Kind)
Stocks and Securities
Life Insurance

Cash

You will receive a tax receipt for the full amount of your cash gift.

Your gift can be made in several ways:

On the web through CanadaHelps.
With your credit card by calling the CSEG Office at 403.262.0015.
Mailing a cheque payable to CSEG Foundation to this address:
CSEG Foundation Suite
570, 400 – 5th Avenue SW
Calgary, Alberta T2P 0L6

Pledges

You can support the CSEG Foundation through a pledge gift over a period up to and including 5 years. Payments can be made in monthly, quarterly, semi-annual or annual installments.

You can choose to designate your gift for an area of special importance to you or make your gift to the CSEG Foundation E=MC² annual appeal and allow the Foundation to choose the area of greatest need.

Your gift can be made in several ways:

On the web through CanadaHelps.
With your credit card by calling the CSEG Office at 403.262.0015.
Mailing a cheque payable to CSEG Foundation to this address:
CSEG Foundation Suite
570, 400 – 5th Avenue SW
Calgary, Alberta T2P 0L6

Please visit The Ultimate Legacy Gift or call the CSEG Office to learn about setting up an endowed gift.

Property, Real and Collectable

If you give property now or through your estate, you will receive a tax receipt for the fair market value once it has transferred to the CSEG Foundation.

Real Estate

There are significant tax advantages to making a major contribution such as real estate to support the CSEG Foundation. You can convert land and other real property into an income stream rather than have it as a drain on your resources.

Ways to make a gift of real estate:

Outright gift made immediately. This maximizes the income tax charitable deduction and removes the property from your taxable estate.
Simple bequest of real estate to the CSEG Foundation in your Will.

Property or Goods (Gifts in Kind)

Gifts of art, collections, or other tangible property can be effective ways to provide meaningful support for the Foundation. Depending on the asset given, the structure of your gift and the purpose of your gift, there are various tax and financial benefits.

Stocks and Securities

A gift of publicly traded securities is both simple and tax-effective. You and your broker can transfer these types of gifts electronically into the CSEG Foundation account by using our Gift of Securities Form.

You receive greater tax benefit through a gift of securities than you would if you sold the securities and donated the cash proceeds to charity (see example below).

Gifts eligible for this preferred tax treatment can include any of the following securities:

Prescribed bonds;
Units of mutual funds;
Shares, warrants, bills and futures that are listed on the stock exchanges prescribed by the Canada Revenue Agency.

Benefits of Gifting Securities

Eliminates the capital gains tax owing on the shares.
An official tax receipt is issued for the fair market value of the gift based on the closing price of the shares on the day the gift is received.

An Illustration of Gifting Publicly Traded Securities

	Sell shares and donate cash	Donate shares directly to the CSEG Foundation
Fair Market Value of Asset	$40,000	$40,000
Adjusted Cost Basis	$20,000	$20,000
Capital Gain	$20,000	$20,000
Taxable Capital Gain	$10,000	$0
Charitable Tax Credit	$18,564	$18,564
Tax due on Capital Gain	$4,641	$0
After Tax Cost of Gift	$26,077	$21,436
Net Benefit to the Donor		$4,641

The after tax cost to you is about 54 cents on the dollar. This example assumes a 46.41% tax rate.*
*This information is current as of September 30, 2014. There is no guarantee that this information continues to be accurate after that date. Donors are advised to consult their own professional advisors to determine the tax status of their particular circumstances.

Life Insurance

A gift of life insurance offers the opportunity to secure a lasting legacy at a fraction of the final value of the gift.

Options for Gifting Life Insurance

Transfer the ownership of an existing or new policy to the CSEG Foundation. You will receive a tax receipt for the fair market value of the policy and for premiums paid after the date of transfer.

Name the CSEG Foundation as the beneficiary of your policy. Your estate will receive a tax receipt for the full amount of the proceeds received by the CSEG Foundation.

Benefits of Gifting Life Insurance

A gift of life insurance allows you to arrange a substantial future gift to the Foundation at a relatively low cost.

Valuable current or future tax benefits are available depending on the structure of your gift.
The satisfaction of making a meaningful gift to the CSEG Foundation that is important to you – a particular program or the area of greatest need.
Depending on the size of the gift, you can establish an endowed fund and name it in honour of someone close to you to secure your personal or family legacy.

Ideas to Maximize the Benefits of Life Insurance

Wealth Replacement
Use life insurance to replace donated wealth to take care of family or other causes in your community. This can be done during your lifetime or through your Will.
RRSPs/RRIFs and taxes
Name the CSEG Foundation as the beneficiary of your RRSP/RRIF (or as the alternate beneficiary after your spouse), with the full value transferring to the CSEG Foundation upon your passing, and set up a life insurance policy with proceeds equal to the value of your RRSP/RRIF to benefit your children. This helps you provide inheritance for your children, create a lasting legacy for the CSEG Foundation, and minimize taxes paid by your estate.
Insured Annuity
Purchase an annuity and then use the income generated from the annuity to pay for life insurance premiums. The insurance death benefit can be directed to your heirs tax-free.
Tax Deductions
If the CSEG Foundation is the beneficiary of your life insurance policy, your estate will be entitled to a charitable tax credit, which can be used to help offset certain tax liabilities in your estate (e.g., capital gains tax on the sale of a family cottage).

Please contact the CSEG Office if you have questions or for further information.

We strongly encourage you to consult your lawyer, accountant, or other financial advisor before finalizing your planned gift.

Attending the CSEG GeoConvention was a great opportunity to interact with both the academic and the industry of exploration geophysics. I am thankful for the CSEG for organizing this event and to the CSEG-F for funding me to attend it.
– Amr, University of Alberta

I am very lucky to be selected to receive a CSEG Foundation Travel Grant and Learning Subsidy to attend the 3rd Annual CSEG Symposium. This Symposium is really valuable. As the first student from McGill University to apply for funding from the CSEG Foundation, I appreciate getting this chance and I can spread the news of these events and the Foundation around my friends and classmates here. Thanks very much again for CSEGF funding to gain such good experience.
– Meng, McGill University

Coming from Ontario, mostly surrounded by hard rock, we have a great deal of focus on igneous and metamorphose rocks. It was interesting to see the different takes on the education of the Earth Sciences across the country. The representatives at Repsol and Divestco gave great insight into the various roles of geophysicists and the workshop put on by Imperial was interesting as we never had anything like that to do at UofT. I learned a lot from the talks there and the assignment we worked through. It was really neat to see the Schlumberger truck both inside and out and the tools they had set up; I never saw a truck before. It was also amazing to see the vibrating truck set up by CREWES; we don’t have any of those at UofT.
– Erica, University of Toronto

My experience at the CSEG Symposium this year was very good. I am very grateful to the CSEG Foundation for allowing me to attend the Symposium.
– Nadia, University of Alberta

GIFT 2016 was an incredible experience for me. It provided me with a valuable opportunity to meet not only geoscience students from across Canada, but also industry professionals. It enabled me to broaden my scope in the oil and gas industry, and to understand its prospects and the application of geophysics in reality.
– Oi Yin, University of Toronto

Willapa Bay, Washington, offers an excellent opportunity for graduate students unfamiliar with modern sedimentology and ichnology to view and discuss trends in numerous depositional environments, as well as learn how modern techniques may be applied to the rock record. The graduate and undergraduate students involved are incredibly thankful to CSEG for providing the necessary financial support for their AAPG/ATLAS field trip.
– David and Christine, University of Alberta

As a geology and geophysics student from Quebec, I found that GIFT’s first day was very instructive on the workings of the oil and gas industry. Many speakers informed us on all the different career perspectives, on the ways to enter the industry and on the challenges that being a geophysicist may imply. The dinner and icebreaker were excellent opportunities to network with industry professionals.
– Micha, Université Laval

Attending this event [Geophysical Industry Field Trip] exposed me to numerous geophysical techniques and procedures that I had only ever learned about in the classroom. GIFT not only taught me something new, it introduced me to several industry professionals who were eager to meet the next generation of geophysicists and geologists.
– Ryan, University of Calgary

The 50th annual Western Inter-University Geosciences Conference (WIUGC) was a very good opportunity to reach students and to establish multiple contacts with other geoscientist and industry professionals. I believe it will greatly contribute to my further comprehension of geosciences and geo-engineering, therefore it was a really great experience.
– Imteaz, University of Regina

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