A Planned Gift to Save a Child's Heart will ensure that your legacy is long lasting and impactful.
Contributing through a planned gift will often allow you to give a more substantial gift than you would have otherwise been able to make in your lifetime. There are also many tax benefits in doing so, which means maximizing your legacy to your loved ones and your gift to Save a Child's Heart.
Like all donations to Save a Child's Heart, your planned gift will allow us to help children and families affected by heart disease. Scroll down to learn more and let's plan for the future together.
Planned Giving is one way to leave your legacy; either through a gift made during one's lifetime or upon death as a part of your overall financial and estate plan. There are many options to consider when making a planned gift and it is important to choose one that works for you. There are a number of ways to donate, include through a bequest in your will, donation of securities, gifts of life insurance policies, or gifts of RRSP/RRIF funds.
Please speak with your financial advisor to discuss how you can make a planned gift that complements your estate plan and your lawyer and tax advisor with respect to implementing your planned gift. The below information is a tool to help you speak with your professional advisors and family.
Share your intentions with us. By letting us know of your intent to make a gift, we can help to ensure that it is directed to a project that is meaningful to you and share available recognition opportunities. Contact Wendy Jacobs at 1-844-924-9113 or firstname.lastname@example.org.
Our team at Save a Child’s Heart is available to answer questions, but we cannot offer legal, accounting or financial advice. We respect your wishes to make a gift and your privacy while doing so. Click here to read our privacy policies.
Naming Save a Child's Heart in your Will makes clear your intent to continue your support for the future. You can leave cash, securities, property, or a percentage of your estate.
A gift in your Will allows you to use your assets now and make a larger gift in the future. It also offers your estate the benefit of a charitable tax receipt to help minimize or eliminate taxes.
Some examples of gifts you can provide in your will:
Specific Bequest/Legacy Gift: Leaving a designated dollar amount, securities, or piece of property to Save a Child's Heart.
Residual Bequest: Leaving all or a percentage of the remainder of your estate (after all taxes, debts and bequests have been paid) to Save a Child's Heart.
Legal Name for your bequest:
Save a Child's Heart Foundation. Charitable # 88203 2725 RR0001
Donate an existing paid-up Life Insurance Policy by naming Save a Child's Heart as the beneficiary of your policy, and you can receive a tax receipt for the proceeds of the policy OR purchase a new policy and name Save a Child's Heart as the owner and beneficiary and receive annual tax receipts for your regular premium payments.
Naming Save a Child's Heart as a beneficiary of your life insurance policy can be done with your insurance advisor/broker or in your Will.
The benefits of donating a Life Insurance Policy include current tax savings at the time of the policy donation and the ability to make a large donation to Save a Child's Heart at the maturity of the policy or upon one's death.
In general, the remaining value of your RRSP/RRIF is included in your taxable income in the year of one's death (unless transferred to you spouse or certain dependents). By naming Save a Child's Heart as the beneficiary on your RRSP/RRIF, your estate will donate the value of the registered plan and will receive a tax credit to offset your income.
Naming Save a Child's Heart as a beneficiary of your RRSP/RRIF can be done with your financial advisor or in your Will.
Establishing a Charitable Remainder Trust allows you to make a gift to Save a Child's Heart during your lifetime by transferring property to a trust, while still being able to retain the income from the property held during your lifetime. One would irrevocably transfer property or cash to a trust, which would be eligible to receive a donation receipt immediately upon the transfer of property to the trust. Upon one's death, the property in the trust is transferred to Save a Child's Heart and your legacy continues.
A Charitable Remainder Trust can also be set up under your Will. For example, you could set up a trust to provide for a loved one while he or she is alive, and upon his or her death, the remaining property in the trust is transferred to Save a Child's Heart.