Perfect Time To Donate Foreign Currency

Perspective from over 30 years of fund-raising experience

This is the perfect time of year to donate leftover foreign currency to your favourite charity. As we celebrate different holidays, traditions and events from Thanksgiving, Black Friday, Cyber Monday, Diwali, Kwanzaa, Christmas and Giving Tuesday. This is the season of celebration and reflection for many people and their families. It is also a season of great need for many who are struggling in our country, local communities and even our neighbours next door.

In Canada, there is over $2 Billion in Foreign Currency available. When donated the funds are repatriated and converted to currency that can be put to great use in Canada. These funds would be used to purchase food, assist a homeless teenager, a single parent who is struggling to provide gifts for their children, for families who can’t pay their heating bill, for a youth who is trying to complete post-secondary education or even for Seniors who have worked all their lives and now find they can’t afford to obtain the basic necessities required to simply survive with a healthy and safe lifestyle.

We have all seen the news, so many people are again travelling and when returning from a vacation, business trip or family get together, often there is leftover foreign currency. Currency that has little or no value in Canada. As people continue to travel, the foreign currency supply in Canada continues to be replenished. Where do you keep your foreign currency? Do you have future plans for the leftover foreign currency?  The younger generations like new experiences and often don’t return to same travel destination. 

Majority of vacations and trips do bring elements of joy, relaxation and are often filled with adventure. Some adventures we may not have anticipated as well. Show an attitude of gratitude and thankfulness for your travels by sharing the leftover bank notes and coins with others who can only dream of a vacation or trip. The donation of foreign currency won’t be used to fund their travels. Rather, the funds donated will be used to help those in desperate need obtain the essential support they require to live in a safe and healthy manner. I know, I have personally been in situations where I required help from others dues to unforeseen circumstances. Perhaps this is the time for you to give back and show your support by donating your leftover foreign bank notes and coins (even Canadian Tire money and pennies…).

If you are seeking a charity to receive your donation, or if your charity of choice is not aware of Foreign Currency Collection Programs, please reach out our team at Global Coin Solutions (GCS) and we’ll ensure that your thoughtful donation of Foreign Currency is processed and the funds are provided to assist charities and non-profits in local communities across Canada. Please visit the GCS website for more information https://www.globalcoinsolutions.com/ .

It’s very clear, there are many people that will require our support and assistance during the coming months. It’s time to gather your leftover foreign currency and complete that donation. Let’s make a real impact and make this year’s Giving Tuesday a major success.

Keeping in mind there is over $2 Billion of Foreign Currency available in Canada for donation. That is a very large amount of under-utilized financial resources. Resources that could help to make our communities a great place for everyone. 

Imagine for a moment, the social impactfrom over $2 Billion in donations. Millions of Canadians could be assisted with these funds. Yes, millions of people could be assisted through the provision of support to help with food security, mental health assistance, housing, education and the possibilities are endless. What could you do with $2 Billion? My imagination just ran wild with ideas. If we work together, and donate our leftover foreign, we will be helping to build a better country for everyone who calls Canada home. 

With no up-front costs and limited effort, charities would begin benefitting from foreign currency donations… TODAY. The biggest hurdle facing the collection of Foreign Currency is that people are simply unaware that leftover Foreign Currency can be put to great use in their community. You can help start to a Foreign Currency collection program by letting others know of the potential. You could start a campaign with your Service Club, fellow employees, family members, friends, sports team, etc. Simply let people know that Foreign Currency Donations can assist local charities and help make our communities a better place to live for all. 

Happy Giving Tuesday!

Why wait? Now is the time to start changing the world, one cent at a time.

For more information contact Dennis Ullman, Vice-President – Innovation and Development, Global Coin Solutions

dennis@globalcoinsolutions.com or visit Global Coin Solutions today. 

In future articles, I will return to our plan as we highlight simple cost-efficient methods for your charity to grow a Foreign Currency Collection program while building your organizations brand and raising additional funds.