Major Gifts
Gifts of Life Insurance
You may wish to donate a life insurance policy now to give generously and enjoy tax credits, or a planned gift of life insurance made at the time of your death will reduce your estate’s tax liability. There are different ways to donate a policy during or after your lifetime. The best method for you will depend on your personal circumstances and goals.
Charitable Remainder Trusts
A charitable remainder trust allows you to donate your capital while you live on the income. It may make sense for you to donate a portion of your capital to your favourite charity now. With a CRT, your legacy takes the form of assets such as cash and mutual funds that are placed into a trust. The trust generates sufficient investment income to provide an income to the donor. The charity has no access to trust capital during your lifetime, but upon your death, assets go immediately to the organization.
