Make a donation that allows you to further support your cause!
Contrary to popular belief, there is not just one way to donate to a foundation or charity. Of course, for small amounts or to make your life easier, donating cash, check or debit or credit card is the easiest way to donate. However, when a person wishes to make a larger donation, other forms of donation may be more interesting. We can turn to the planned gift.
Why are we talking about planned gifts? "Planning your gift" simply means taking the time to educate yourself and think about the way that best suits our personal and financial circumstances to further support the cause you care about.
Taking a few minutes to read the following lines could allow you to make a larger donation without having to spend more.
A testamentary gift is the most common, accessible and easiest form of a planned gift. The testamentary gift (or legacy) consists of a provision in a person's will to the effect that he bequeaths an amount of money, property or a percentage of the assets of his estate (once all the debts estate paid) to a person or an organization.
The testamentary gift can be made before a notary or in any other form of will accepted in the territory where the person resides. It is suggested that when you donate to the Foundation, indicate its registration number with the Canada Revenue Agency, 118921584-RR0001. This is to ensure that there is no confusion as to the recipient of the donation.
The tax benefits of a gift by will can significantly reduce the taxes payable by the estate and allow for a substantial gift.
For the benefit of our donors, but also that of their lawyer or notary, we have prepared models of testamentary provisions for the situations our donors most frequently encounter.
Before you make the donation, it is highly recommended to consult with your specialist (financial planner, notary or tax advisor).
If you would like additional information or explanations, please contact the Foundation Major and Planned Donations Director:
Me. Marie-Claude Tellier
Phone : 514 338-2303, poste #7683
Email : email@example.com