Planned Giving

Wills & Bequests

No one should overlook the importance of making a will.

 

A carefully drafted will ensures the financial security and well-being of your loved ones. It is a planning tool that you can use to determine which people and organizations will benefit from your estate, who will handle distribution, and who is to be guardian and trustee for those you love.

 

Without a will, the government distributes your estate according to a legal formula. Taxes and administration costs can reduce the value of your estate, and the settlement may not reflect your wishes or the needs of your family and friends.

 

In drafting or revising your will, the needs of your family should be your primary responsibility. However, there may also be an amount that can be allocated from your estate for charitable purposes and allow you to perpetuate a lifetime of giving.

 

Unless otherwise directed by a donor, United Way places all gifts received by bequest in its endowment fund. While gifts to United Way's annual campaign benefit our community today, your gift to this Fund will ensure that United Way can introduce new programs and continue funding current ones to serve future generations.

 

Planned Gifts are invested and only the disbursement income is used to support essential social services throughout our community. The gift continues giving beyond your lifetime and ensures that your generosity benefits our community for generations to come.

 

Making a gift of securities

In May 2006's Federal Budget, publicly listed securities to charitable organizations became exempt from any capital gains tax. The 2008 Federal Budget included an amendment to the tax law, adding exchangeable shares to the list of securities that the tax treatment already applies to, which includes:

  • Shares listed on most Canadian and certain foreign stock exchanges
  • Prescribed debt obligations
  • Shares of the capital stock of a Canadian public mutual fund corporation
  • Units of widely held Canadian mutual fund trusts
  • Interest in related segregated fund trusts

 

The benefits of donating a gift of securities to United Way are two-fold. First, you will receive a tax receipt for the fair market value of the donation in the amount of the closing trading price on the day United Way receives the security. Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security.

 

 

 

Donating Securities to United Way—it's fast, it's easy and both you and your community benefit!

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