Regardless of whether it is a life insurance policy that you purchased years ago or brand new insurance policy, your life insurance can be used to provide and enduring legacy for you through the creation of an endowment fund on your passing. It can also provide immediate ongoing tax relief or a tax benefit to your estate, depending on what financial arrangements you choose. Speak to your financial advisor and/or your tax advisor and then begin a conversation with us. We can help set up a legacy project for you that will keep your life’s work and passion going in perpetuity.
We can help.
Increasingly, individuals are gifting securities, (stocks, bonds, mutual funds), as a method of donating to charities. This type of philanthropic gift is a great way to establish and endowment fund since the tax implications can be very advantageous to the donor. Speak to our financial advisor first and then join us for a conversation about how to achieve your philanthropic goals.
In Canada, the Federal and Provincial Governments provide generous tax credits in support of charitable giving.
If you are wishing to make a gift to the Community Foundation for Lennox & Addington, we encourage you to consult with your financial advisor in order to ensure that your philanthropic and tax planning goals can be achieved.
Charitable tax credit calculators are available online. A good site to visit if you are already thinking about your taxes is https://www.canadahelps.org/en/tax-time/
Gifts that are made to endowment funds held by the Community Foundation for Lennox & Addington are placed into a pool of investments that will generate income in perpetuity. That income is used to create long-term funding for projects in: arts &culture, education, health & wellness, sports & recreation, senors care & service, environmental awareness, social services, and youth support & development. Since our endowment funds are invested in perpetuity, there will be ongoing funds to invest in our communities long into the future. As a result, your gift to an endowment fund has an enduring impact that continues into the future for the benefit of current and future generations.
Please consider making a gift today. Gifts can be ad online at CanadaHelps.org or you can visit us at 47 Dundas St. E., in Napanee.