Create positive, enduring change
Charitable Will Bequests
When a donor creates a charitable bequest in their will, it enables them to make a charitable donation which may not be possible during their lifetime. This approach can reduce the tax payable on the donor’s estate.
A gift of a life insurance policy may be an attractive choice for a donor who is younger than 50, enjoys good health, would like to make a large gift for a relatively modest financial commitment. This assumes their family does not require the insurance proceeds.
Many Canadians hold savings in Registered Retirement Savings Plans (RRSP). However, RRSPs and RRIFs (Registered Retirement Income Fund) can result in large tax obligations within an estate as the total plan amount is counted as income in a single year. Arranging for a donation of all or a portion of a donor’s RRSP or RRIF to DASCH Foundation is an effective means of reducing the estate’s tax liabilities.
Charitable Gift Annuities
A charitable gift annuity offers mutual benefits to both the donor and DASCH Foundation. Depending on the donor’s age, this arrangement enables them to achieve tax savings, enjoy a lifelong guaranteed income and give a gift today.
Residual Interest Gifts
A gift of residual interest is a way to combine charitable giving with personal benefits. It involves donating a property, such as a home or farm, to DASCH Foundation while the donor retains the right to use or occupy it for a specific period – usually a lifetime. After the transfer of the property to DASCH Foundation, the donor is entitled to a tax receipt for the present value of the residual interest. This tax receipt is based on a Canada Revenue Agency formula. Once the period of use or occupancy ends, DASCH Foundation may make use of the property or sell it.
Charitable Remainder Trust
A charitable remainder trust might be appealing to a donor who possesses an asset they eventually want to donate to DASCH Foundation, but still rely on the income that asset generates or aren’t ready to relinquish the asset immediately. In essence, this option allows a donor to contribute to DASCH Foundation while retaining the benefits of the asset’s income for a defined period.
We are committed to assisting you at every stage as you explore various ways to contribute to DASCH Foundation. To ensure you make the most informed decisions that align with your philanthropic goals, we encourage you to seek the advice of your financial advisor, a valuable partner in this process. Your generosity matters, and with the support of your financial advisor, your giving can reach its fullest potential.
Thank you for exploring the possibilities!