Leaving a legacy to charity to help children and families in need is a meaningful life goal for many people.  However, the idea of donating large sums of money is daunting, especially when you may need the funds for future personal and family needs.

Fortunately, CCFC has practical giving options that allow you to transform the lives of children, without the worry that you may need that money you are donating.  By using your financial assets in the most cost-effective way, it is possible to build your legacy and support the cause that matters to you the most.

No matter what your financial means, planned giving through CCFC offers a way to maximize your current and future wealth to make a timeless difference to children and families in need, while at the same time meeting your own financial requirements.

It’s a way to combine your personal financial objectives with your charitable giving goals.

Here are some planned giving options for you to consider with your financial advisor:

Gifts by Will – Sometimes called a bequest, a gift by will is an easy way to contribute to the work you supported in life and leave your mark on future generations.  This can include cash, securities, property, and other assets.  In addition to the tax benefits, your gift will continue the support you give to CCFC during life.

Gifts of Life Insurance – Life insurance is a flexible method of giving a significant future gift by making modest contributions today.  Depending upon how your gift is structured, you can receive tax relief annually during life or at death for the full value of the gift.  You can even donate policies that you already own and have outlived the original purpose of protecting family.  Life insurance can help make a large future gift affordable.

Gifts of RRSPs and RRIFs – After the death of the second spouse, RRSPs and RRIFs plan assets are typically the most heavily tax assets in an estate.  It is possible to donate all or part of your RRSP or RRIF plan assets to CCFC and offset all of the taxes owing.  You simply need to name CCFC as a beneficiary on the plan documents.  This “direct designation” gift generates tax receipt for fair market value and a tax credit that can be claimed on your final two lifetime tax returns.  The gift also does not pass through your estate, hence probate fees on the donation are eliminated.  

Endowments – One of the most powerful ways to establish your legacy is to create an endowment fund through a substantial gift to CCFC.  An endowment fund can be established in your name or the name of someone you love.