|
Bequest in a Will
A lump sum or a percentage of an estate can be left to Habitat
Kingston. A receipt will be issued to offset estate taxes and taxes
arising from capital gains.
Gift of Property
Any property can be donated through a will.
Charitable Remainder Trusts
Donors can transfer cash, securities, property, bonds etc to a
trust. Income generated by the trust is then paid to the charity.
When the trust ends or the donor dies, the remainder is distributed
to the charity. The donor receives a receipt when the trust is
established, based on the market value at the end of the trust.
These assets do not form part of the donor’s estate, and will reduce
probate fees.
Charitable Gift Annuities
Annuities can generate a regular income for a donor. The charity is
given a gift of capital, and buys a lifetime annuity for the donor.
The income from this annuity is payable to the donor and is tax
free.
You can help Habitat for Humanity Kingston by making
a planned gift to us. We recommend that you consult with your
financial advisor, lawyer and life insurance agent. Please contact
our office for more information.
|
Many individuals
consider planned giving as a way to be remembered, as a way of
giving to their favourite charity and as a way of lessening taxes.
Financial planning can address the ongoing needs of a family and
provide a lasting contribution to Habitat for Humanity Greater
Kingston & Frontenac. Many financial instruments exist that allow
donors to take advantage of this giving method.