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Is it time again to buy cereal to donate to your local food bank?

  • Last Updated:
  • Sep 2nd, 2021 12:31 am
[OP]
Member
Nov 27, 2009
248 posts
706 upvotes
Toronto

[Sobeys] Is it time again to buy cereal to donate to your local food bank?

Two items of note in the Sobeys flyer that starts on August 19:

1) Buy $150 in Sobeys GC and receive 100 BAM (maximum of 5 per collector number)

2) This week's Blue Bonus includes Cheerios - buy 5 @ $3.99 each and get 95 BAM

For ease of calculation of the net, net cost I assume buying 2 Sobeys GC ($300 spend)

1) Buy 75 boxes of Cheerios - total spend $299.25

2) Get 200 BAM for the GC

3) Get 75/5 = 15 x 95 BAM = 1425 BAM for buying the cereal

4) Total BAM = 200 + 1425 = 1625 BAM

5) Regular Air Miles - $299.25/$20 = 15 (I think Sobeys will round up Air Miles if your purchase is close to the next level

6) Total Value of all Air Miles earned - 1625 + 15 = (1640/95) x $10.00 = $172.63

Net out-of-pocket spend before tax credit - $299.25 - $172.63 = $126.62, plus you still have $0.75 left on one GC

Charitable tax donation credit (calculated for Ontario, and assuming you have already made at least $200 in charitable donations)

Federal tax credit - $299.25 x 29% = $86.78
Ontario tax credit - $299.25 x 11.16% = $33.40
TOTAL tax credit - $120.18

Net, net out-of-pocket for 75 boxes of cereal - $126.62 less $120.18 = $6.44

Plus, you may earn some Air Miles if you buy the GC with an Air Miles CC

Your food bank will thank you (a lot).
75 replies
Deal Addict
Nov 23, 2017
3144 posts
6413 upvotes
The last time I did one of these, I felt like one of those extreme couponers. It was a dream come true.

I highly recommend doing this even if only for the experience.

Image
Deal Addict
Sep 8, 2006
1194 posts
885 upvotes
Edmonton
A charity will issue an official donation receipt for cereal? That is surprising to me.
Deal Addict
Mar 9, 2011
2355 posts
5113 upvotes
Mississauga
spidey9999 wrote: Two items of note in the Sobeys flyer that starts on August 19:

1) Buy $150 in Sobeys GC and receive 100 BAM (maximum of 5 per collector number)

2) This week's Blue Bonus includes Cheerios - buy 5 @ $3.99 each and get 95 BAM

For ease of calculation of the net, net cost I assume buying 2 Sobeys GC ($300 spend)

1) Buy 75 boxes of Cheerios - total spend $299.25

2) Get 200 BAM for the GC

3) Get 75/5 = 15 x 95 BAM = 1425 BAM for buying the cereal

4) Total BAM = 200 + 1425 = 1625 BAM

5) Regular Air Miles - $299.25/$20 = 15 (I think Sobeys will round up Air Miles if your purchase is close to the next level

6) Total Value of all Air Miles earned - 1625 + 15 = (1640/95) x $10.00 = $172.63

Net out-of-pocket spend before tax credit - $299.25 - $172.63 = $126.62, plus you still have $0.75 left on one GC

Charitable tax donation credit (calculated for Ontario, and assuming you have already made at least $200 in charitable donations)

Federal tax credit - $299.25 x 29% = $86.78
Ontario tax credit - $299.25 x 11.16% = $33.40
TOTAL tax credit - $120.18

Net, net out-of-pocket for 75 boxes of cereal - $126.62 less $120.18 = $6.44

Plus, you may earn some Air Miles if you buy the GC with an Air Miles CC

Your food bank will thank you (a lot).
I love getting a deal, but this seems like way too much work to do and calculate.
[OP]
Member
Nov 27, 2009
248 posts
706 upvotes
Toronto
Simby wrote: A charity will issue an official donation receipt for cereal? That is surprising to me.
Yes, they will.
Deal Guru
User avatar
Oct 21, 2015
12019 posts
108516 upvotes
Ontario
will it work at Freshco?
Costco West: BC, AB, SK & MB
Costco East: ON, Québec , NB, NS & PEI
Deal Addict
User avatar
Oct 3, 2012
2407 posts
1150 upvotes
Hamilton, Ontario
It is always better to donate cash directly to the food bank. They get bargans you cannot, and they will buy what is actually needed, not a bunch of stuff that will go bad on the shelves.
Deal Fanatic
May 25, 2009
7491 posts
4095 upvotes
Toronto
facebook259 wrote: It is always better to donate cash directly to the food bank. They get bargans you cannot, and they will buy what is actually needed, not a bunch of stuff that will go bad on the shelves.
The other thing is that cash takes no space and doesn't need to be transported. Cereal take up a lot of space and someobdy has to transport it back to the pantry
Deal Fanatic
Jan 19, 2017
7435 posts
4334 upvotes
facebook259 wrote: It is always better to donate cash directly to the food bank. They get bargans you cannot, and they will buy what is actually needed, not a bunch of stuff that will go bad on the shelves.
But you can't make money for cash donation while you can with this cereal donation , even though $6.44 makes way too small profit for me to spend my time, gas to buy & donate. It is only $6.44/$126.62=5%. It used to be at least 10% in the good old days.
Don't forget to load your personal offer on getmyoffers.ca before shopping
Last edited by ml88888888 on Aug 18th, 2021 8:05 pm, edited 1 time in total.
Sr. Member
Jun 9, 2019
571 posts
711 upvotes
fightbriz wrote: The other thing is that cash takes no space and doesn't need to be transported. Cereal take up a lot of space and someobdy has to transport it back to the pantry
Well the other thing here is OPs deal, if you can follow the steps, costs you $6. While giving $300 in cash costs you...$300.
Deal Fanatic
Jan 19, 2017
7435 posts
4334 upvotes
Oomani wrote: Well the other thing here is OPs deal, if you can follow the steps, costs you $6. While giving $300 in cash costs you...$300.
actually making $6, not costing.
Deal Fanatic
May 25, 2009
7491 posts
4095 upvotes
Toronto
Oomani wrote: Well the other thing here is OPs deal, if you can follow the steps, costs you $6. While giving $300 in cash costs you...$300.
Oh i don't disagree, I'm just saying in general, better to donate cash than to buy spaghetti and donate the spaghetti
Member
Aug 20, 2016
425 posts
375 upvotes
spidey
well done.
i believe food banks will be very thankful for the cereal.
Sr. Member
Jan 8, 2012
844 posts
684 upvotes
Williams Lake
A big city like TO, and a charity organization with many branches, $300 worth of cereal won't go to waste.

Daily Bread Food Bank, perhaps?

Must be something similar in othe big cities.

Thanks OP.

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