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Community As Your Beneficiary - Gift of Life Insurance
Life insurance is a popular and practical way you can make a significant gift to charity. Make the Community Foundation the owner and irrevocable beneficiary of your life insurance policy - you can either give a paid up policy or continue to pay the premiums.
Gift Examples:
- any whole life policy
- many term policies
- many group insurance policies
Benefits to the Donor:
- donation receipt for cash surrender value and any future premiums paid on policies where the ownership is transferred to the charity
If policy ownership rights retained by the donor during lifetime and charity named as beneficiary:
- donation receipt to estate for full value of death proceeds
- satisfaction of providing a future gift while retaining full control of the policy
Life Insurance Examples - printable reference sheet for Professional Advisors
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A Legacy of Giving - Bequest By Will
Willpower is what you create when you prepare a thoughtful will: the power to give the gift of a lifetime, as you see fit.
When including the Community Foundation in your will you are using willpower to help strenghten community programs and purposes you believe in for generations to come.
Gift Examples:
- gifts funded with cash or cash equivalents
- publicly listed securities
- proceeds from RRSP's or RRIF's
- gifts of real estate
- gifts of other tangible property
Benefits to the Donor:
- revocable during your lifetime by changing your will
- donation receipt for use in final income tax return against 100% of taxable income
- satisfaction of providing a future gift while retaining full control of property
Bequest by Will - printable reference sheet for Professional Advisors
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Community Investment - Gifts of Appreciated Stock
Everyone wins when you make a gift of appreciated stock to your community. Your gains are put to good use and your gift of stock is reinvested in your community; and qualifies for immediate tax credit.
The transaction is generally a simple electronic transfer of shares undertaken by your Professional Advisor but can include gifts of paper shares.
Gift Examples:
- publicly listed shares
- shares of a Canadian public mutual fund corporation
- units of widely held Canadian mutual fund trusts
Benefits to the Donor
- donation receipt for fair market value of security, generally determined as the closing price on the day the gift if received by the charity
- favorable reductions in capital gains tax
- gifts can be given during donor's lifetime or after, through their estate
Gifts of appreciated stock - printable reference sheet for Professional Advisors
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National Philanthropy Day Breakfast Celebration
In appreciation of your tremendous dedication and commitment to our community in the spirit of Philanthropy we invite you to our National Philanthropy Day Breakfast Celebration.
With special guest Chris Warkentin, your member of Parliament for Peace River to speak on his Bill S-203, National Philanthropy Day Act.
November 10, 2010
7:00 - 8:00 am
GPRC, Howler's Lounge
$20/per person
To confirm your attendance and purchase tickets in advance please contact Louise at 780.538.2820 or email louise@buildingtomorrowtoday.com
Brought to you by The Community Foundation, The Estate & Financial Planning Institute and Grande Prairie Regional College
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High Net Worth Clients Eager for Estate Planning Advice
40% do not have an estate plan. Read the full article here.
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Add Giving to Your Practice: Resources for Professional Advisors
We invite you to join a live tour of of Community Foundation's of Canada's (CFC) Professional Advisors' eResource, an online toolkit that includes practical tools and resources such as adding giving to your practice, details of six common gift options, and a charitable gift matrix.
Date: November 10, 11:00 am - 12:30 p.m.
Presentation by: Sara Neely, LL.B. CFRE, Director of Philanthropic Services, Victoria Foundation
Register Now
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Leave A Legacy Website - Great resource for Advisors
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The Community Foundation office now has a debit and credit machine for the convenience of our donors and supporters!
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Mission
We inspire philanthropy by providing a way for anyone to leave a lasting legacy through permanent endowment building, responsible grants and leadership to meet our community's needs for today, tomorrow and forever.
Vision
Bringing donors and charities together to enrich the whole community.
Proud member of
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Tracey Vavrek, Executive Director
