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Your Legacy could be a Child's Future
Tips on how to optimize your charitable donations
October 14, 2009
Toronto, ON - October 14, 2009 – Have you ever considered leaving a lasting legacy that could change someone else's life? Legacy giving to a charitable organization can provide significant philanthropic satisfaction. Save the Children, a non-profit organization that fights for children's rights worldwide makes legacy giving a donation option as a part of their fundraising efforts.
"Many people don't realize that a charitable gift in their Will to a not-for-profit can not only leave behind a meaningful legacy but may actually decrease taxes and increase inheritance to their loved ones," said David Morley, President and CEO of Save the Children.
There are a variety of ways to participate in Legacy Giving and these include:
- Charitable Will Bequest: a direction in your Will that instructs your Executor(s) or Trustee(s) to leave one or more of your assets to a charitable organization.
- Registered Assets: donating all or part of an RRSP or RRIF is an effective way to reduce the taxes payable by your estate.
- Life Insurance: a life insurance policy allows you to leave a gift for a relatively small financial outlay while allowing one to make a significant gift you might not otherwise be able to give.
- Gift-Plus Annuities: allows you to make a gift while at the same time receiving a guaranteed, predetermined income for life that can have tax advantages. They are high quality, guaranteed investments that provide regular payments.
About Save the Children
The Save the Children Fund was formed in 1921 and is a non-profit organization that fights for children's rights worldwide. Save the Children works in Canada and 120 Countries overseas to bring immediate and lasting improvements to children's lives through the realization of their rights. Save the Children is involved in efforts such as increasing education levels and health care for children as well as to deliver immediate relief and assistance to families affected by emergency situations such as conflict and natural disasters.
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Stephen Murdoch
smurdoch@oebenterprise.com
289-241-3997
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