Why your gift matters
Anyone with children in a public school system knows all too well that classroom teachers simply can’t do it all. With large class sizes, growing dependence on online learning and cuts to funding, it is simply not possible for classroom teachers to dedicate one-on-one time with each individual student who may be falling behind in learning basic reading skills.
This is why The Canadian Institute for Reading Recovery, a national not-for-profit organization, has been working behind the scenes helping young learners read for decades. Our work is only possible because of the generosity of people like you, who want young children to be able to read and write.
Thank you for supporting kids across Canada by making a donation today, and to our foundations, corporate and community partners, who are helping train 400 new teachers annually. Our highly-trained teachers are helping more than 20,000 of the lowest achieving children in Canada learn to read and write at grade level.
Please donate now or consider becoming a monthly donor so we can continue to bring the joy of reading to more children.
of Grade 1 students will have
difficulty learning to read
of grade 3 children in Canada can’t read at grade level.
(Source: Deloitte analysis using EQAO and PISA data)
children in Canada have below grade-level reading skills.
(Source: Deloitte LLP. An Economic Overview of Children’s Literacy in Canada)
Where does the money go?
When you donate to The Canadian Institute for Reading Recovery, you are helping train 400 new teachers annually. Our highly-trained teachers are helping more than 20,000 of the lowest achieving children in Canada learn to read and write at Grade level.
Ways to donate
The Canadian Institute for Reading Recovery relies on the generosity of our community to run and sustain our early intervention program.
Thank you for your interest in supporting early literacy. You can make a one-time gift at any time or you may consider becoming a monthly donor if you’d like to spread your support out over time.
Donations can be made online within your credit card. This is the easiest way to make your gift and your receipt will be sent to you through email.
Becoming a monthly donor is the best way to support the Canadian Institute for Reading Recovery all year round. You can decide how much you’d like to give each month to ensure it fits with your budget. By donating monthly, we can plan how best to direct the funding to meet the needs of our program throughout the year. You can also adjust your monthly donation at any time.
Leave a Legacy
There are many options to leave a legacy and ensure The Canadian Institute for Reading Recovery is available for children across Canada for years to come. Here are some ways you can consider making this future gift. If you have any questions, please call us at 416-908-7711 and be sure to talk to your financial advisor about the benefits of making a planned gift.
Types of Legacy Donations:
Bequest in Will
The most common and easiest way to make a planned or legacy gift is a bequest in a will. A bequest can significantly reduce the tax payable on your final income tax return and leave more funds for your benefactors. Please contact your lawyer if you are interested in including The Canadian Institute of Reading Recovery in your will.
Life Insurance, RRSPs and RRIFs
Gifts of a new or existing life insurance policy can be made naming The Canadian Institute of Reading Recovery as the beneficiary. This support builds towards a sizeable gift in the future by making relatively small premium payments today. The Canadian Institute of Reading Recovery can also be named as the beneficiary of a RRSP or RRIF.
By donating life insurance now, you will:
- Be deemed to have disposed of the policy at its values (the cash surrender of the policy;
- Will likely gain upon transferring the policy (this gain is taxed as income);
- Are entitled to a donation tax credit for the fair market value of the policy. This should fully eliminate the tax that otherwise might result from the gain.
- You are also entitled to tax credits for any premiums you continue to pay after assigning the policy to The Canadian Institute of Reading Recovery.
- By donating life insurance upon death, you:
- Keep the ownership of the policy
- Name the The Canadian Institute of Reading Recovery as the beneficiary of the policy
- Will be entitled to a donation tax credit in the year of your death for the death benefit paid out to The Canadian Institute of Reading Recovery
- Will likely get a much higher tax credit than if you donated the policy now
- Won’t be entitled to tax credits for the premiums you pay on the policy between now and your date of death
Gifts of Securities
Making a gift of securities to The Canadian Institute of Reading Recovery can be more advantageous than donating cash. By donating publicly traded securities, you can avoid paying the capital gains tax on stocks that increased in value since you purchased them. Donors are entitled to donation tax receipts for fair market value. In contrast, if the securities are sold by the donor and the cash is then donated, 50% of the capital gain is taxable.