Tools and Resources
That’s why Kindred supports congregations and charities through the Community Inspiration GIC (formerly known as Church Builder GIC). As an investor, you benefit from a secure investment at a competitive rate, and your community gains much-needed support at no cost to you.
It’s simple: you invest in a guaranteed investment certificate (GIC) that earns a competitive interest rate and, in return, Kindred donates an additional quarter percent interest to a congregation or qualifying charity of your choice. In addition, the Community Inspiration GIC is available for registered savings products (RRSP, TFSA, RRIF).*
Since it’s tied to an investment, we call it Bonus Interest - it’s really a donation. For every $100,000 that someone invests in a Community Inspiration GIC, Kindred donates $250 to the congregation or qualifying charity of their choice. If a congregation or charity has funds to invest – a capital campaign, for instance – they can direct that donation to themselves. That’s like receiving a premium interest rate on your investment!
Choose to designate your Community Inspiration GIC bonus interest to one of the following:*
Community Inspiration GICs are available for a limited time each year. Once a year, bonus interest is paid directly to the congregation or charity via electronic fund transfer, with the option of cheque, making it an easy way to invest in what you believe in. Thanks to our unique Community Inspiration GIC (formerly known as Church Builder GICs), Kindred has donated over $890,000 in bonus interest to congregations and church-based organizations in Ontario since 1997.
* Recipients of bonus interest must be Ontario-based and must be a registered charity with CRA with a focus on community food security, safe and affordable housing, or financial empowerment. Congregations and charities that have received bonus interest in the past are exempt from this requirement. New congregations and charities will be considered for eligibility.
The Revenue Development Director at MCC speaks about the collaborative partnership between Kindred and MCC and Kindred’s purpose to inspire peaceful, just, and prosperous communities.
The Stirling Avenue Mennonite Church Council Chair outlines how partnering with Kindred can be a source of funding for congregations and charities.
Help us get the word out so that your organization can benefit from this unique opportunity!
Download a PowerPoint slide or display a poster on your bulletin boards. Here is some suggested text for you to promote this opportunity with your congregation. Consider posting a message in your bulletin, on your website or any other channels you use to reach your members and supporters.`