A Part of Life: Planned Giving
What Will Your Legacy Be?
Planned Giving involves the thoughtful act of leaving a gift in your will, offering you a profound opportunity to make a lasting impact on your community and the causes that are most important to you. This form of giving allows you to extend your support beyond your lifetime, leaving a legacy that reflects your values and priorities.
Embarking on the journey of Planned Giving is a significant decision that necessitates careful consideration and planning. We encourage you to explore the various options available and to seek legal and accounting guidance to ensure your wishes are accurately documented and fulfilled. By doing so, you can optimize the benefits for both your estate and the organizations you choose to support.
Wills and Bequests
BENEFIT
For any gift designated in your will, your estate receives a donation receipt that can offset tax otherwise payable by your estate.
TYPES
• Specific Bequests are the most common gifts. You choose a specific sum of money, a particular property, or a percentage of your estate to go to HOSPICE HUNTSVILLE
• Residual Bequests allow you to direct the balance of your estate, or a portion of the balance to be given to HOSPICE HUNTSVILLE after providing for other beneficiaries.
• Contingent Bequests allows you to direct HOSPICE HUNTSVILLE to receive all or a portion of your estate in the event of the prior death of other specific beneficiaries.
• Residual Bequests Subject to Life Interest allow you to direct that HOSPICE HUNTSVILLE is the ultimate recipient of the estate after specific beneficiaries have had the use of the income from the estate during their lifetimes
Gifts of Securities
When you donate publicly traded securities to a charity, you pay no capital gains on the accrued gains. You also receive a tax receipt for the full value of the security.
TYPES
The follow eligible securities can be donated:
* Stocks & Bonds * Mutual Funds
* Futures * Warrants
* Employee Stock Option Shares
To transfer securities directly to Hospice Huntsville, please contact our Executive Director at 705-789-6878 Ext. 222 . We’ll provide you with guidance to ensure the process is handled efficiently and effectively.
Gifts of Life Insurance
Benefits: Life insurance can provide a sizable source of income to Hospice Huntsville at a relatively moderate cost to you. Life insurance can also bring significant tax breaks on the dispersal of your estate and does not have to reduce the size of your estate.
Annuities and Charitable Remainder Trust
BENEFITS
Annuities provide donors who are at least 60 years of age with a guaranteed income for life, in exchange for an initial gift to HOSPICE HUNTSVILLE. The income earned by the annuity in your lifetime and the balance of the funds in the annuity upon the dispersal of your estate are received by HOSPICE HUNTSVILLE.
TYPES
• A Charitable Gift Plus Annuity requires a minimum gift of $10,000. Approximately 30% goes to HOSPICE HUNTSVILLE, with the remainder being used to purchase an annuity for you from an insurance provider. A significant part of the annuity cash flow is a tax-free return of capital. The donor also gets an immediate tax credit for the approximately 30% portion of the original deposit that goes to HOSPICE HUNTSVILLE.
• With a Charitable Remainder Trust, you give a lump sum of principle from which you receive a net income. You receive a donation receipt for the residual interest in the property transferred to the trust.
Canada Revenue Agency Charity Number: 89025-9062
Full charity name: Hospice Huntsville
Address: 100 Frank Miller Drive, Huntsville, Ontario P1H 1H7
Questions:
If you would like further information on planned giving or if you have included HOSPICE HUNTSVILLE in your planned giving and would like to let us know please contact: HOSPICE HUNTSVILLE ( 705) 789 6878 or email: info@hospicehuntsville.com
Disclaimer:
Information on this page is solely intended to provide planned giving options and is not intended to provide or replace financial advice. Please seek the assistance of a qualified financial and/or legal professional.