Gifts for the Future
Planning a "Gift for the Future"
Through a planned gift to Community Living Chatham-Kent, you will have the assurance of knowing that Community Living will be there, ready and able to respond to the needs of people who have an intellectual disability.
Planned gifts are carefully considered and legally documented plans designed to provide a meaningful gift to a charitable organization like Community Living Chatham-Kent. Planned gifts are usually arranged now and received by the charity in the future. Gifts can include a bequest in your will, life insurance policy, or charitable gift annuity. Not only do these contributions provide a gift to Community Living Chatham-Kent, they are also a source of tax reduction.
Providing a planned gift not only helps meet the many needs of people who have an intellectual disability and their families today, but those of tomorrow. If it is an unrestricted gift, it can be used to purchase much-needed equipment, provide respite to families, support day programs like ARC Industries, help a person find employment in the community or help provide accommodations for people. The needs of Community Living Chatham-Kent are assessed annually, and an unrestricted donation can be used where it is needed most.
All gifts to the agency are significant and can make a difference in the lives of people who have an intellectual disability. There are many ways that you can make a “Gift for the Future”. Community Living Chatham-Kent strongly advises you to consult with your lawyer or tax advisor before making any financial decisions.
Ways to Give
Bequests
A bequest is making a gift of cash or assets to Community Living Chatham-Kent. You gain the satisfaction in knowing that your compassion will provide support for the agency for years to come. Also, your estate will receive significant tax credits that can be passed on to heirs.
Appreciated Securities
A gift of publicly traded, appreciated securities can qualify for special benefits because of recent changes in the Income Tax Act. You can watch your gift have an immediate impact on Community Living Chatham-Kent while enjoying immediate tax benefits.
Gifts of Property
Real estate, art, jewelry, and other collections can be donated to the agency. After an independent appraisal, you can be provided with a tax receipt.
Life Insurance
A gift of a new or existing life insurance policy naming Community Living Chatham-Kent as a beneficiary can provide a sizable gift to the agency, while you also enjoy income tax credits. A gift through life insurance can make a significant gift possible while leaving other assets intact for the family or the donor. Anyone, even a person of relatively modest means, can make a gift that would not be possible otherwise.
Life Income Gifts
The Charitable Gift Annuity and Charitable Remainder Trusts are gifts to Community Living Chatham-Kent in which the donor and the agency receive benefit. These gifts provide a gift to Community Living, while providing an income for the donor for life. With a Charitable Gift Annuity you receive a significant tax-free income, while a Charitable Remainder Trust provides the donor with a large one-time tax credit.
The Henson Trust – a special type of discretionary trust
You can arrange this special type of discretionary trust that can provide the maximum income for a person who has an intellectual disability, known as the Henson Trust. By establishing a trust up to $100,000, you can provide the maximum possible income for a person who has an intellectual disability without jeopardizing their Ontario Disability Support Program income or related benefits.
You can appoint the trustee and at the end of your family member’s lifetime, the capital that funded the trust can benefit anyone you wish, like a family member, friend, or charity such as Community Living Chatham-Kent. The Henson Trust can be funded by a bequest in your will, cash, or life insurance.
Making your “Gift for the Future”
By making a planned gift to Community Living Chatham-Kent you are building a future for people who have an intellectual disability. You are encouraged to seek professional legal, financial, and estate planning advice before deciding on a course of action. If you would like to discuss ways in which you can make a planned gift to Community Living Chatham-Kent, please contact Ron Blommers at 519.352.1174 extension 232 for more information.
This publication is provided as a special service to the supporters of Community Living Chatham-Kent. The information and opinions contained in this publication are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. This publication is provided with the understanding that it does not render legal, accounting, or other professional advice. Readers are cautioned to consult their own professional advisors to determine the applicability of information in this publication.
