Deferring your gift by making a personal legacy gift in your will is one of the simplest ways to express your enduring support to FortWhyte Alive. Your estate will receive a tax credit for the gift, which could reduce estate taxes owing.
Publicly-traded securities are the most common form of non-cash gifts and currently receive increased tax benefits. The value of your gift will be the fair market value as determined at the time FortWhyte Alive receives it.
A charitable remainder trust is a deferred giving involving the transfer of your property (cash, securities or real estate) to a trustee. In this case, you retain the right to the income from the trust either for life or a specified term of years. Upon your death, FortWhyte has irrevocable title to the remaining assets.
Canada Revenue Agency calls a gift of personal property a gift in kind and defines it as the donation of property other than cash. It can include capital property (including depreciable property) and personal-use property (including listed personal property). A gift in kind does not include the donation of services.
Life insurance can be a rewarding way of making a large future gift to FortWhyte while generating tax credits you can use now. The premiums you pay on a donated policy are eligible for a charitable tax receipt. The payment of annual premiums is also a gift that comes with a charitable deduction. You will receive a tax receipt for the cash surrender value of the policy at the time of the donation.
Other types of planned giving include charitable gift annuities, gifts of retirement fund accumulations and gifts of residual interest.
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