Are you an animal lover who believes in the Toronto Humane Society’s work? Do you wish you could make a significant gift to support the Society, but feel it’s beyond your means? By making a planned gift to the Society, such as a bequest in your will, you can leave a sizeable legacy to the animals without affecting your current income. When planning for the future, please consider a gift for the animals – you’ll be giving them the new beginnings they deserve.
Remember the animals in your Will
It is never too soon to prepare your will, a powerful document that enables you to distribute your assets exactly as you choose. In addition to remembering loved ones and special friends, your will can make a final philanthropic gesture by leaving gifts to organizations whose work you believe in.
Name the Society as a beneficiary of your RRSP or RRIF
Donors can make charitable gifts by naming a charity as a beneficiary of an insurance policy, RRSP or RRIF. The donor does not have to pass these assets through their estates when they gift them to a charity to be eligible to receive the tax receipt in the year of death.
Name the Society as a beneficiary of a Life Insurance Policy
To make a significant future gift for a modest current expense, life insurance is an excellent option. Options include giving the Toronto Humane Society an old policy; designating the Society as a beneficiary of an existing policy; or taking out a new policy and designating the Society as the irrevocable owner and beneficiary.
Invest in a Charitable Gift Annuity
A charitable gift annuity is a financial planning tool that can maintain and even enhance your after-tax income while providing substantial financial aid to the Toronto Humane Society. An annuity is very secure, guaranteeing your rate of return and thereby, the amount of your annual payments, for life. This is an excellent vehicle for donors who are 70 years or older and can afford to invest at least $10,000.
Establish a Charitable Remainder Trust
This gift opportunity allows you to give cash or assets during your lifetime while enjoying the income from that asset for the remainder of your life. Throughout your lifetime you will receive income from this living trust, but upon your death, the "remainder" will pass directly to the Toronto Humane Society as the named beneficiary. This type of gift is most suitable for those aged 70 plus, who are able to invest $100,000 or more in the trust.
We are thrilled to see many corporations launching special programs designed to match gifts their employees make to charities. It’s an ideal way for a company to recognize its employees while contributing to the community. Check with your Human Resources Department today!