Leave a Legacy Club
Gift Annuities
The gift annuity is an arrangement under which you make a contribution to a charity or church and receive, in turn, guaranteed payments for life. It’s a way of giving that allows you to make a substantial gift to a charity or church even though you may need ongoing income from your assets. DOWNLOAD
Gifts of Securities
When you donate, rather than sell, listed securities (stocks, bonds, bills, mutual funds, warrants and futures traded on approved stock exchanges) to a public charity, the capital gains are tax-free. You may also donate privately owned shares which result in other tax savings.
Gifts of Life Insurance
Life insurance can play many roles in financial and estate planning. And those needs will change as your income, assets—and even your children—grow. By thinking of insurance as a flexible (rather than a fixed) asset, you can use it to meet your family’s needs and accomplish other goals that are important to you, during your lifetime and beyond.
A Guide to Your Will
Many people feel that the legacy they leave to children and grandchildren is not only money and property, but also the community in which they live. Thus, they may leave a portion of their estate to improve education, enhance their heritage, protect the environment or to address social needs. Fortunately, there are significant tax incentives for making such bequests to charitable institutions.
Planned Giving
Like most Canadians, you probably donate by cash, cheque or credit card to your church and favourite charities every year. These gifts are uncomplicated, they are certainly welcomed, and they do result in a tax credit. However, they may not necessarily be the most cost-effective way to make a charitable gift.
Leave a Legacy
Join other philanthropists who are providing for the less fortunate in their estate planning.
View the information above about gift annuities, securities, life insurance, will bequests and more and download our planned-giving booklets for information on these various methods of giving.
Gift Planning
1) The Commemorative Gift
Discover the satisfaction that comes from honouring a loved one through a gift in their honour or memory.
2) Charitable Remainder Trust
Through this versatile giving technique, you can make your gift now and continue to receive income for your lifetime.
3) Gifts of Residual Interest
A donation of real estate with retained life usage allows you to donate your home or cottage now and still use it for the remainder of your lifetime.
4) Stripped Bonds
When you give a stripped bond to charity, the value increases each year tax-free, often doubling or tripling before it matures, creating a future gift for a fraction of the cost.
5) Will Power
Leaving a bequest through your will allows you to leave a legacy while also providing significant tax savings on your final tax return.
DOWNLOAD “GIFT PLANNING ” BOOKLET (417 KB, PDF format)
The information above and in the downloadable booklets do not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. You should always seek professional legal, estate planning and financial advice before deciding a course of action.
If you would like to pursue methods of planned giving with Siloam Mission or require further information, contact Beverly at 204.956.4344 or beverly.bottle@siloam.ca.
Interested in Planned Giving?
Contact our Development Department by phone at 204.956.4344 or by email at beverly.bottle@siloam.ca
