Giving that Endures
Planned Giving Resource Center
A guide dedicated to helping you make impactful contributions to your church and community. Equip yourself with the knowledge and tools necessary for effective and meaningful giving. Here, you'll discover various ways to extend your philanthropic spirit, ensuring your generosity not only aligns with your values but also fosters a lasting legacy. Embrace the joy of giving, knowing you're making a difference.
Gifts in a Will
Gifts of RRSP/RRIF
Gifts of Stocks and Investments
Gift of Life Insurance
Donor Advised Funds
Additional Gift Options
Gifts in a Will
A gift in your Will truly reflects your values and beliefs. When a gift in your Will, also called a bequest, is left to a charity, your generosity is extended beyond your lifetime and creates a legacy in support of the causes you care about.
A gift in a will can be a specific dollar amount, a percentage of your estate, a specific asset, or the residual amount of your estate after your debts, administration expenses and other bequests have been paid.
Benefits to leaving a
gift in your Will:
- Legacy of Support: Your bequest can take various forms – a specific dollar amount, a percentage of your estate, a particular asset, or the residue of your estate, ensuring a lasting impact.
- Financial Flexibility: Enjoy the full use of your assets during your lifetime while planning a significant future gift.
- Tax Advantages: Bequests can substantially reduce estate taxes, increasing the value of your estate for other beneficiaries.
- Estate Tax Receipt: Your estate is entitled to a charitable tax receipt for the full value of the gift, reducing payable taxes.
The donor’s estate is entitled to a charitable tax receipt for one hundred percent (100%) of the value of the gift, thereby reducing the taxes on the estate that are payable. You can change your Will at any time.
Learn more about giving in yourwill at our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUSGifts of RRSP/RRIF
Designating a charity as a beneficiary of your RRSP or RRIF can be a compassionate way to support your church while enjoying financial benefits. When you leave a portion of your retirement savings to charity, you create a lasting testament to your values and faith.
Benefits of RRSP/RRIF Gifts
- Reduced Estate Taxes: Your estate may receive a charitable tax receipt for the value of the RRSP/RRIF, reducing the overall tax burden.
- Flexibility: You maintain full use of your retirement funds during your lifetime, with the ability to change beneficiaries if circumstances change.
- Efficient Legacy: This method bypasses probate, ensuring more of your assets go directly to your chosen cause.
Explore comprehensive guidance on RRSP/RRIF charitable giving, including beneficiary designation forms and strategies for maximizing your philanthropic impact through retirement funds.
Discover more about RRSP/RRIFgifts at our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUSGifts of Stocks and Investments
By donating stocks, bonds, or mutual funds to your church or favorite charity, you're not just giving a gift; you're making a strategic impact. This method of giving allows you to support the causes dear to your heart while also providing financial benefits.
Benefits of Gifting
Stocks and Investments
- Maximized Giving Potential: Donating appreciated securities directly to charity can be more beneficial than selling them and donating the cash. This method maximizes the value of your gift, providing more support to your chosen cause.
- Tax Efficiency: When you donate stocks or investments that have appreciated in value, you avoid paying capital gains tax. This not only benefits you but also ensures a larger portion of your assets goes towards charitable work.
- Simplified Process: Transferring stocks and investments is a straightforward process. We provide guidance every step of the way to ensure your donation is handled efficiently and effectively.
- Long-Term Impact: Your gift of stocks or investments can grow within the charitable organization, potentially creating a larger impact over time. It's a way to see your investment in philanthropy flourish.
On the Charitus platform, explore detailed resources on donating stocks and investments. Learn about the process, the tax advantages, and read inspiring stories of how such donations have transformed charitable organizations and communities.
Discover the impact of Stock andInvestment Gifts at our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUSGift of Life Insurance
A Gift of Life Insurance is a profound way to extend your legacy. By designating your church as a beneficiary, you can make a significant contribution, often greater than what might be possible during your lifetime.
Benefits of Life
Insurance Gifts:
- Cost-Effective Giving: You can provide a substantial future gift at a relatively low cost.
- Tax Benefits: Premiums paid may be eligible for tax credits, and your estate may receive a tax receipt for the policy’s value.
- Flexibility and Control: You retain ownership of the policy, with the option to change the beneficiary if needed.
Find detailed information on how to include your church as a beneficiary in your life insurance policy, along with stories of how such gifts have made a difference.
Learn more about Life Insurancegiving at our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUSDonor Advised Funds
Establishing a Donor Advised Fund (DAF) allows you to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time to your church.
Benefits of Donor
Advised Funds:
- Immediate Tax Benefits: Receive a tax receipt upon your contribution to the DAF.
- Strategic Philanthropy: Decide when and how much to give, aligning your donations with your personal philanthropic goals.
- Legacy Planning: Create a long-term giving strategy that reflects your values and supports your church consistently.
Learn about setting up a Donor Advised Fund, including guidelines on contributions, grant recommendations, and stories of impact from other donors.
Explore Donor Advised Fundsat our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUSAdditional Gift Options
Gift Annuity
A Charitable Gift Annuity provides a unique opportunity to make a meaningful gift while receiving fixed, guaranteed income for life. This option suits those who wish to support their church or a charity while also ensuring their own financial stability.
Benefits of a Gift Annuity:
- Stable Income: Receive regular, fixed payments for life, which can be especially beneficial during retirement years.
- Tax Efficiency: Part of each annuity payment may be tax-free, and you may receive an immediate charitable tax receipt for a portion of your gift.
- Simple Process: Setting up a gift annuity is straightforward, offering both philanthropic satisfaction and financial predictability.
at our partner, Charitus
Trust Solution
Creating a Charitable Remainder Trust allows you to transfer assets into a trust, receive income from these assets, and eventually leave the remainder to your church or charity. This method is an effective way to give while maintaining income from your assets.
Benefits of a Trust Solution:
- Income and Control: Receive income from the trust for a term of years or for life, while choosing how the assets are managed.
- Tax Advantages: Get immediate tax benefits upon transferring assets to the trust and reduce future estate taxes.
- Legacy Impact: After the trust term ends, the remaining assets go to your designated charity, leaving a lasting legacy in line with your values.
at our partner, Charitus
Resources on Charitus
On Charitus, you'll find extensive resources for setting up a Charitable Remainder Trust, including strategies for asset management and maximizing your charitable impact.
VISIT CHARITUS