Your Gift for the Future
Planned giving, sometimes called Legacy Giving, is all about making a charitable gift in the future without sacrificing your personal financial security today. This kind of giving is funded from your resources or assets accumulated over your lifetime, rather than your current annual income.
Outlined below are several other types of planned gifts which allow you to make a gift in the future but receive significant tax benefits now.
Planned giving is a personal choice and considering this type of gift is an emotional experience. We would be pleased to chat in confidence to answer any questions that you may have. We also encourage you to seek professional advice from your advisors (lawyers, investment advisors, accountant, etc.) so that all of your estate planning goals and wishes are considered.
A bequest is the most common type of future or “planned” gift. It is a gift made in your will that can help express your wishes and interests. It may be a specific sum of money, a particular asset (e.g. shares or investments), or a portion of your estate. With careful planning, a legacy gift such as a bequest may allow you to make a much larger gift than otherwise possible, and help to minimize taxes for your estate.
Donating life insurance is a simple and convenient way to make a big difference in the future. You can donate an existing life insurance policy that you may have to the Foundation or purchase a new life insurance policy through your insurance agent. The Foundation must be either the owner or beneficiary of the policy in order for you to receive tax creditable premiums.
Gifts of Proceeds from RRSPs and RRIFs
Naming the Foundation as beneficiary of the proceeds of your registered retirement savings plan (RRSP) and/or your registered retirement income fund (RRIF) can provide your estate with a significant tax receipt as well as provide a future gift to the Foundation.
Gifts of Marketable Securities
Donate appreciated stocks, bonds, mutual funds and take advantage of the best tax benefits. This gift can be made today, or as part of your Will.