Planned Giving
Planned Giving is very simply planning to make a gift and deciding in advance what happens to your estate. Planned gifts are generally funded from accumulated resources or assets, rather than income. It is a wonderful way to leave behind a legacy for the future of wildlife welfare. More and more people are coming to realize the impact that this sort of legacy has on a charity.
The benefits of planned giving are immediate and far-reaching. You have control over what and how much you decide to leave, and will have peace of mind knowing that financial matters are taken care of. Think of making plans for your charitable goals now; many people postpone or never realize their decisions. As well, you may lower your current taxes or lower the taxes your estate will be required to pay.
Ways of giving
Bequests
The easiest way for you to assist SPWC is through your will. The Centre can accept and provide charitable receipts for cash donation bequests. Bequests are tax creditable and are not subject to estate taxes or succession duties. Revenue Canada regards such gifts by will as having been made in the taxation year of the person's death. To create a bequest, you will either need to create a will
or add an amendment (codicil) to your existing will.
There are three main types of bequests:
- a specific bequest: a sum of money, property, or other specific asset outlined in your will;
- a residual bequest: a percentage of your estate, after your
personal and family commitments are met
- a contingent bequest: takes effect only in the event of the prior
death of other beneficiaries, or if the original intent cannot be
fulfilled.
The next step is to make an appointment with your lawyer or financial advisor, who can
help you determine what type of bequest is the most appropriate for you. S/he will also be able to explain bequest tax benefits. Please view our "A Will for Wildlife" document for more details, and to bring with you when speaking with your advisor when adding a bequest.
A powerful gift with big benefits. Small annual installments can mean a substantial gift for the Centre, plus your estate is not affected and the gift is not diminished due to taxes, probate or administration fees. Choose to donate with your existing policy or a new one.
Gifts in Kind
The Centre is able to accept donations of real property such as stocks, bonds, artwork, books and other assets. Gifts in kind may be made as outright gifts, through a will or in trust.
Real Estate
This is perhaps not a traditional way of giving, but a very effective one regardless. Land or buildings, both commercial or private, make excellent charitable gifts. The property can be sold by the Centre, with the proceeds used for purposes designated by the donor.
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Planned Giving
