Community Inspiration GICs

Your local community is important to you!

That's why Kindred supports congregations and charities through the Community Inspiration 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.

How does it work?

It's simple: you invest in a socially responsible 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).*

What is bonus interest?

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 your 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!

Who can benefit?

Choose to designate your Community Inspiration GIC bonus interest to one of the following:*

• Ontario congregations and related organizations.
• Qualifying registered charities actively working towards providing solutions for:
• Housing, including rental and home ownership programs.
• Hunger, offering access and availability to nutritious, safe, and culturally appropriate food at the local level.
• Mental Health, including specific mental health supports and services for families, individuals and communities, etc. 

Once a year, bonus interest is paid directly to the congregation or charity via electronic fund transfer, with the option of cheque. Thanks to our unique Community Inspiration GIC, Kindred has donated over $940,000 in bonus interest to congregations and charities in Ontario since 1998.

*Recipients of bonus interest must be Ontario-based. Qualifying registered charities means a registered charity with CRA that has been reviewed by Kindred to have a focus on housing, hunger, or mental health. 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.