Planning Your Legacy
Planned Giving is the perfect way for someone to make a significant impact on a charity or cause that they believe strongly in. It is planning for the end of your life by impacting the lives of others. What better way to ensure your legacy lives on than to plan your gift to the George Jeffrey Children’s Centre and leave a lasting and positive impression on the lives of children for years to come.
Planned Giving is something that can be considered at any stage in life, regardless of your financial situation. Some plans require no capital investment, while other plans can help your leverage a minimal investment into a substantial gift in the future. Planned Gifts can also yield favourable tax benefits to be used immediately or towards your estate settlement.
Any gift you make to the George Jeffrey Children’s Foundation will have a profound effect on the care and treatment we can provide to children with disabilities and special needs and the many more on our waiting lists who need our help. Whether these children are your neighbours or future family members, your gift will ensure that we will be there to help them.
Gifts of Appreciated Securities
Gifting appreciated securities enables the donor to give the most to the George Jeffrey Children's Foundation for the least cost. Over the past several years, federal budgets have effectively reduced the taxable portion of the capital gain on gifted appreciated securities from 25% to NIL. In effect, the tax payable on the appreciation of the gifted securities is zero so the donation tax credit can be used to offset taxes on other income.
Gifts of Insurance Policies
A gift of life insurance, by either making the Foundation the owner and beneficiary of an existing policy or purchasing a new policy and making annual premium payments, has many benefits. It allows you to make a significant gift at a fraction of the value from your disposable income. You can provide for your gift now. Your annual payments are generally modest and eligible for tax credit, giving you annual relief on your income tax return.
Charitable Bequest
A bequest in your will may specify a certain sum of money, a particular asset, or a portion of your estate to be donated to the George Jeffrey Children's Foundation. You may specify that your bequest be used to establish a new fund in your name, be added to an existing fund or be added to a fund that you or your family have established during your lifetime.
Charitable Remainder Trust
This is an arrangement under which you irrevocably transfer property (cash, securities or real estate) to a trustee, usually a trust company. You retain the right to the income from the trust, either for life or for a specified term of years. At the end of that time, the residual capital is payable to the George Jeffrey Children's Foundation. Expert council is needed to complete this type of transaction.