A Note on the Control and Distribution of Funds
Spending of funds is confined to board approved programs and projects. Each restricted contribution designated toward a board approved program or project will be used as designated, with the understanding that when the need for such a program or project has been met, or cannot be completed for any reason determined by the board, the remaining restricted contributions designated for such programs or project will be used where needed most. Gifts are acknowledged and receipted with an official receipt for income tax purposes.
Donating to MSC
MSC Canada is a charitable organization registered with Canada Revenue Agency (CRA). This means that donations can be made to MSC for its charitable work, and receipts issued which are valid for taxation purposes in Canada. MSC’s vision is stated elsewhere on this site.
No deductions for administration expenses are taken from donations unless MSC is specifically instructed to do so by the donor. Administration expenses are met from donations earmarked by donors for that purpose, or from other sources such as investment interest. These expenses have historically been less than 5% of total receipts. Administration expenses include office staff salaries, building maintenance, utilities, bank charges, postage, stationery, and miscellaneous costs. Financial statements are audited (by Grant Thornton – Chartered Accountants) and filed with Canada Revenue Agency. A copy of the financial statement is available on request.
An important note: The regulations that govern charities in Canada allow a tax receipt only for donations that are legitimately for the charitable work of the charity. Purchases, birthday gifts, anniversary gifts, and the such like cannot receive a receipt for tax purposes, even if intended for a worker associated with MSC. Please contact the office for instructions on handling such matters.
Donations to MSC Canada can be made in a variety of ways:
Cash, Cheque, or Money Order
This is the most common method of making a donation for the work of MSC. Simply mail to the MSC office a Canadian cheque or money order, payable to MSC Canada, with a brief note with your suggestions as to how the funds are to be allocated. If you have previously sent a donation, there is a handy “tear-off” section you can use which greatly facilitates the work in the office. Cash should not be sent through the mail; but can be delivered to the office during regular office hours.
Pre-Authorized Donation (PAD)
Many donors would like us to take a regular amount from their bank account each month to be used for the Lord’s work in a specified way. This is a particularly convenient way to handle things when the donation is the same each month. We have provided a form on this web-site in pdf format which you can download, print out, and mail to us. This gives our bank the authority to process the transaction. Click here to download the form.
Online transactions have become more secure, and the benefits of an almost instantaneous transaction have made this an attractive way of moving funds from a credit card account to the bank account of another entity. The risks and delays of sending items through the mail are also eliminated. You, as the donor, should be aware that MSC Canada is charged a fee for every online transaction, but that we have decided that for now we will not pass this charge on to the donor. If you wish to add an amount to your donation to cover this, you may do so by adding an amount to “MSC Administration” before processing your donation.
MSC Canada has a secure, encrypted GIVE page that allows you to make donations via credit card. Donations can be directed to a specific mission worker, a project or fund, and even to help cover MSC’s administrative costs. Please remember that if you have a special request, you should contact the MSC Canada office first. To protect your security, all credit card transactions are processed by PayPal, which means that we never have access to your credit card information. You do not need to have to have a PayPal account to donate. You will receive an acknowledgment via email, and a receipt at year-end, for the entire amount of your donation. MSC Canada is charged 3% for this service and requires that donators pay this fee when they choose to use a credit card. MSC does not receive this 3% fee.
Through Another Charitable Organization
It may be that you are a member of a local church, or other registered charity, that is willing to forward a donation you have made to that charity to MSC Canada. MSC is considered a “qualified donee” in that transaction. The receipt for tax purposes would be issued by the charity you are associated with, but the funds would be utilized by MSC for its charitable puposes.
Some wish to include MSC Canada in their will, and we have provided some instructions on a separate page.
Gifts in Kind
Canadian charities can receive certain classes of items as “gifts in kind” and issue a receipt for tax purposes upon receipt. This could be shares or other assets. Since the details of the donation are a little different than other ways of donating, please contact the office first for instructions.
Other Ways to Give
It is possible to give in a variety of other ways; insurance policies, annuities, charitable remainder trusts, etc. If you have an interest in any of these, you need to consult a financial advisor.