PLANNED GIFTS

Make a difference in the lives that follow.

A planned gift is a way to contribute to your community while providing financial security for you and your family. They are easy to arrange and can offer attractive benefits such as significant tax savings and enhanced control in estate planning. They enable you to distribute your assets as you wish while maximizing the benefits to you, your heirs and the causes you believe in.

Discuss your gift or donation with your lawyer, accountant or life insurance agent. For more information, please contact us or visit www.northernontario.ca/leavealegacytemiskaming.

Legacy Giving Options

Bequests

A bequest in your will is the simplest and most common way of making a planned gift. Leaving a percentage of your estate for your endowment will make a huge difference in your community and also provides valuable tax savings.

To make a bequest, you can include the following in your will:

I direct my trustees to give the sum of $__________ in cash or in kind or _________% share of my estate to The Temiskaming Foundation to be used where it is needed most.

Securities

Donating securities or mutual funds have excellent tax benefits and are a great way to give back to the community.
A special tax incentive exists for gifts of publicly traded securities made to registered Canadian charities. The capital gain on these gifts are not taxable, and you receive a donation receipt for the fair market value of the securities on the day we receive them.

Life Insurance

If you are holding a life insurance policy that is no longer needed for its original purpose, you may be able to turn it into a valuable charitable gift. Alternatively, small annual payments from purchasing a new policy can create an extraordinary gift later.

RRSPS and RRIFS

Gifts of RRSPS and RRIFs to the Temiskaming Foundation can provide excellent tax credits for your estate and can minimize probate fees.

Residual Interest Gifts

Residual interest gifts can provide tax benefits. These gifts are arrangements where a donation of real estate or personal property is made and the donor retains the right to use the property for their lifetime or a term of years.