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Planned Giving

 

What is a Planned Gift?

A planned gift is a future charitable donation that you plan now so that the IOOF Seniors Homes Inc will benefit later. A Planned Gift tells your family about the values you have embraced throughout your life.

Planned Giving allows you to establish a long-range commitment without affecting your present assets. Tax Credits awarded by Revenue Canada allow your estate to benefit from this type of donation.

Speak to your Lawyer and Accountant to ensure you and your Estate are receiving the maximum benefit for your gift.

 

Who Can Give

You do not have to be wealthy to make a substantial gift. Everyone can work a Planned Gift into their Estate Planning. It is the ultimate Thank You. Recognition of the ongoing efforts of our Home and for the care received for a loved one.

 

Planning Benefits to the Donor

In addition to knowing your planned gift will continue and support the work of the IOOF Homes , you also...

  • May be recognized for your gift as discussed with the Home’s Revenue Development Office

  • May be able to work with our Home to designate your Gift to a specific purchase

  • Will receive all the tax benefits and advantages allowed by the Canadian Revenue Agency

Types of Planned Gifts

Life Insurance

This option is simple and often makes the gift affordable. You can designate the IOOF Home as a beneficiary for a specific dollar amount or a percentage of your policy. Insurance proceeds are paid promptly to our Home and they are not reduced by taxes and probate fees.


Bequests

A bequest in a Will to a registered charity of your choice is a Planned Gift. As with Life Insurance, you may designate a dollar amount or percentage of your Estate. Bequests have a significant favourable impact on you final tax return.

 

Gifts of Listed Securities

Gifts of public securities can be donated to our Home. The donor benefits in two ways:

  • You will benefit from a charitable tax receipt for the full value of the stock as deemed on the day of transfer.

  • You will avoid costly capital gains taxes that would occur if you sold these shares yourself.

Gifts of Retirement Plans

Gifts of RRSPs, RRIFs etc. made to the IOOF Seniors Homes Inc, upon death, would offset any taxes payable. This can be a significant benefit to a final tax return and is often used to offset estate taxation, leaving more money for beneficiaries.

 

For more Planned Giving examples visit Leave a Legacy's website.