• Charitable Bequests

      A charitable bequest is a donation outlined in your will that comes into effect after your lifetime. A charitable bequest can offer a number of personal, financial and legal benefits to you and your estate. Speak with us and your professional advisors about how you can prepare your will to support .

      Benefits

      • Tax relief on assets in your estate.
      • Freedom to designate the beneficiaries of your estate.
      • Reduction of legal fees associated with your will.

      Sample Charitable Bequest Language

      Unrestricted:
      I give, devise and bequeath to my [-specific donation or percentage of my estate or tax zero-] to be used for any purpose(s) approved by the Board of Directors of .


      Restricted:
      I give, devise, and bequeath to my [-specific donation or percentage of my estate or tax zero-] to be used and/or disposed of, as determines, in its sole discretion, for its general purposes.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • Cash

      Donors most often give to charities through cash donations, in the form of a credit card transaction or a cheque. Through an agreement with the charity, your donation may be made over an extended period of time to suit your current financial situation. Flexible payment terms, with the option of making annual, semi-annual or quarterly payments, allow you to make a number of affordable donations that translate into greater support for .

      Benefits

      • Satisfaction of making an immediate financial impact benefiting.
      • Immediately receive a charitable tax receipt.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • Endowments

      You can support by establishing in your name or that of a loved one an Endowment Fund. With the initial investment untouched, you will have the satisfaction of knowing that your gift will continue giving for many years. If you have a project or program at that you would like to see come to fruition or ensure its growth, please consider an Endownment Fund.

      Benefits

      • A secure, stable and long-term way of giving to projects and programs that matter to you..
      • A lasting legacy for you or your loved ones.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • Life Insurance Gifts

      Life insurance is a legal contract between an individual and an insurance company in which the insurance company pays out a designated amount upon the passing of the policyholder. If you wish to make a gift to , but also wish to retain your assets for your family, you may wish to consider a gift of an insurance policy.

      There are different approaches to making this type of gift. You can retain ownership of a new or existing policy and name as the beneficiary. You can transfer ownership of an existing policy to . You can also purchase a new policy and transfer ownership to . Each approach has different tax implications. Speak with us and your professional advisors about what approach best suits your situation.

      Benefits

      • A charitable tax receipt based on the arrangements of the insurance policy gift.
      • Affordable annual premiums that are transformed into a substantial gift for .
      • A greater level of confidentiality and lower likelihood of contestation in courts than other forms of gifts.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • RRSP and RRIF Gifts

      A Registered Retirement Savings Plan (RRSP) is an investment plan which holds your tax-exempt savings. However, if you withdraw payment before the maturity date you will be taxed. Upon reaching 71.5 years you will likely convert the RRSP to a Registered Retired Income Fund (RRIF). The funds disbursed from your RRIF are subject to tax; however, there is a way to reduce this tax.

      By naming a charity as the beneficiary of the RRIF, the assets remaining after your lifetime are transferred tax free to the charity as opposed to the assets being taxed if you name an individual as the beneficiary.

      Benefits

      • Tax relief for you during your lifetime or for your estate after your lifetime.
      • Complete control of your RRSP/ RRIF during your lifetime.
      • Lower legal fees than other forms of giving.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • Real Estate

      Did you know that you can also donate real estate to ? Your primary residence may not be an ideal source of a donation but other properties you own can be considered such as a cottage, or a commercial or agricultural property.

      Benefits

      • Avoidance of capital gains* taxes when gifted during your lifetime.
      • Avoidance of estate taxes* when gifted after your lifetime.

      * Capital gains is increased value of an asset over time.

      * Estate tax is a tax on one's possessions after your lifetime when passed to your heirs.

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.

    • Stocks and Securities

      You can also donate appreciable assets such as stocks, bonds, mutual funds or certificate of deposit (GIC). The donor will receive a tax receipt, while avoiding capital gains tax. These donations can be made immediately or written into your will.

      Gifts of stock, one-time gifts or multiple gifts, over a period of years can be an ideal vehicle for you and .

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      • Elimination of all capital gains taxes.
      • Immediate tax relief with a charitable tax receipt.
      • Immediate and significant benefit to .

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      Please note that the information contained in this page is general in nature and is not a substitute for independent legal or financial planning advice. It is recommended by to encourage donors to seek independent professional advice before making a current or estate gift.