Planned giving can be defined as a long-term gift from a philanthropic individual to a charitable organization. This is done in the most tax-efficient way possible. Planned Giving is a growing phenomenon across Canada.
Leave a Legacy – We have been an active contributor in the Lennox and Addington Community since 1987. We build permanent funds that can respond to immediate needs as well as build for the future needs of the Lennox and Addington community.
Contributions to your community through the Community Foundation can be made in the form of cash, marketable securities and other forms of tangible and intangible property (eg. Intellectual property, rare books, equipment, collections, etc. — virtually all items in a person’s possession). A donation receipt may be issued by a registered charity in Canada, based on the fair market value (FMV) of the donated property
Some of the preferred ways in which you can contribute are as follows:
- DIRECT CASH DONATION
- ANNUAL OR MONTHLY DONATION
- GIFT OF STOCKS
- REAL ESTATE
- LIFE INSURANCE
- GIFTS IN KIND, SUCH AS ARTWORK
- THIRD PARTY EVENT
- ESTABLISH A FUND
But keep in mind, that’s not the end of what we will accept. There are countless ways you can make a contribution.
Planning Your Fund
The idea behind Planned Giving is having a plan for the contribution you’re making.
Donors may establish a fund in their own name, a family name, or in the name of any person or organization they wish to honour. Grants that are distributed from a specific fund are awarded in the name of that particular fund. This person or organization will always be remembered and linked to good works in our community.
We offer multiple different kinds of funds to allow you to make the right choice for your contribution. The following is a list of possible fund types you can set up with us.
Donor Advised Funds
This fund provides the donor with the greatest amount of control over the earnings derived from his/her donation. Each year, the donor advises the Foundation which specific organizations should receive the income arising from his/her donation based upon the donor’s charitable interests at that time.
This fund provides the donor with the option to designate which charitable organization should receive the income arising from his/her donation on a recurring basis. Typically, this is a one-time direction established at the time the donation is received. This fund does not require the donor to provide the Foundation with on-going direction and typically re-direction of revenues is provided by the donor should situations change with respect to the particular organization or a change in interests of the donor.
Field Of Interest Fund
This type of fund allows the donor to select a specific field of interest rather than a specific organization to benefit from your fund. This is common when the donor does not know which organizations might be in need of revenues but the organizations have a mandate within the field of interest of the donor. Examples might be children and youth, arts, the environment, seniors or health. The Board of Directors selects deserving community-based groups from within the specified field of interest and directs the earnings from the fund to organizations in need in each year.
When no directions are provided by the donor, the donation is added to the community fund. This fund provides the Foundation with the greatest flexibility to respond to the changing needs of our community. Utilizing the broader knowledge from our community volunteers, the Foundation is made aware of emerging trends and needs in the Lennox & Addington community and through this fund the Foundation is able to address the most pressing needs of our community.
By providing the flexibility through our funds, Foundation staff will work with you to identify potential grants, and you can have as little or as much involvement as you want in the disbursement of your funds.