Planned Gifts
What Is A Planned Gift?
You can plan a generous gift now that will make a great difference in the future. You will have the satisfaction of knowing your gift will be carefully used for the care of others in our community, and you won’t have to sacrifice your standard of living now.
And there are considerable tax benefits in making Planned Gifts. We recommend you discuss these options with your financial advisor or tax accountant. You’ll be pleased to see that a Planned Gift can be very easy to arrange.
While bequests are the most well-known way of making Planned Gifts, there are other options as well.
Gifts of Life Insurance
By making Community Care a beneficiary of a life insurance policy, you can leave a gift of any amount to a program of the agency in any of our Kawartha Lakes communities, and you will even benefit tax-wise. Your annual insurance payments are tax deductible!
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.
