CURRENT PROJECTS

PEI Amateur Sport Trust Fund

The PEI Amateur Sport Fund (Sport Fund) is a recognized Sport PEI program that is licensed through Sport PEI for charitable status as a provincial chapter of the Canadian Council of Provincial/Territorial Sport Federations' National Sport Trust Fund.

The Sport Fund has been established to assist and promote the development of athlete-centered, amateur sport in Prince Edward Island by enabling sport organizations to raise funds and permit eligible donors to receive official tax receipts for their contributions. It offers anyone the opportunity to make a donation to: amateur sport in general; to one of the Sport Fund's allocation categories; or to the sport of their choice.

To make a donation to any Amateur Sport Fund Projects, please complete the following donation form.

Important consideration

Unconditional Donation

"Direct or Indirect Benefit" - no connection between the provider of the donation and its beneficiary whatsoever.

Donations must be voluntary and UNCONDITIONAL. If a donor donates on condition that the money goes to a certain person he/she designated, this is a CONDITIONAL donation whether the person is their child, a minor, an adult, a relative or a friend. A donation must be rejected if there is reasonable ground to believe that it's not voluntary and unconditional

Although the donor may suggest that the donation go to a specific sport organization, the PEIASF is not obligated to follow the suggestion of the donor. Therefore, in disbursing funds, the PEIASF will consider, but will not be bound by, the requests made by donors.

The PEIASF will not issue an official receipt for income tax purposes if the donor has directed the PEIASF to give the funds to a specific person or family.

The PEIASF may issue an official receipt for income tax purposes if the donor has suggested that the donation be used by a Sport PEI recognized program/organization provided that:

  • No direct or indirect benefit accrues to the donor
  • No direct or indirect benefit accrues to any person related to the donor (see below for a definition of related persons)
  • The donation is unconditional and does not obligate the PEIASF to follow the suggestion

 

Definition of Related Persons: the donor must not be related to any potential benefactor of the donation if he/she is to be eligible for a charitable tax receipt.

Individuals

Individuals are considered related if they are connected by blood, marriage or adoption. A donation is considered non-arm's-length if the donor falls into any of the categories Canada Revenue Agency defines as related parties:

  • Grandparents/grandmother-in-law/grandfather-in-law
  • Parents/mother-in-law/father-in-law
  • Siblings/brothers-in-law/sisters-in-law
  • Children born within a marriage
  • Children that have been adopted
  • Children that are wholly dependent on him/her
  • Stepchildren
  • Sons-in-law/daughters-in-law

Corporations

Generally, and simply, an individual is related to a corporation if the corporation is controlled by an individual related to him/herself.  Control is most commonly defined by having a majority (over 50%) of the voting shares of the corporation.