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Planned Giving Options

Creating your legacy at the Father Lacombe Care Centre

Your legacy gift can be designed to suit your needs. Below are a variety of the most commonly used gift-planning tools, as well as the benefits provided with each option.

If you are considering a legacy gift to the Father Lacombe Care Centre, we encourage you to seek professional financial and legal advice that takes into account your unique circumstances. We also urge you to discuss your gift with a Father Lacombe Care Centre Foundation representative prior to finalizing the details of your gift arrangement. Call Evelyn Stewart, Director of Development, at (403) 254-6280 for more information.

Gifts of Registered Assets

For many people, Registered Retirement Plans (RRSPs, RRIFs) and company sponsored pension plans may be their single biggest assets beyond their homes. The government has not yet taxed these funds and, therefore, withdrawals will be taxed. Upon death, the funds may pass only to spouses, dependent children and to charity (thanks to the corresponding charitable tax receipt) without incurring taxation. You can name the Father Lacombe Care Centre as beneficiary of your funds and your estate will receive a tax receipt for the entire amount of the gift.

Benefits of gift planning tools

Type of GiftBenefit to you
BequestPossible estate tax deduction; opportunity to make a perpetual gift.
Gifts-in-KindTax receipt for fair market value of gift; offset or even eliminate taxable capital gains on appreciated assets by electing to receive a lower-value tax receipt
Gifts of Registered AssetsPossible estate tax deduction.
Gifts of SharesNo capital gains tax and receive a tax receipt for fair market value of gift.
Life Insurance PolicyIncome tax deduction for value of the policy when transferred; premium payments may be deducted as gifts; possible income tax and estate deductions.

Bequests

A bequest (transfer of cash, securities, or other property through a will or a living trust) to the Father Lacombe Care Centre Foundation is a flexible, tax effective way to leave a legacy. Through your estate, you are able to make a gift that may not have been possible during your life. By naming the Father Lacombe Care Centre to receive a gift in your will, your estate will generate tax credits that may offset any taxes payable. You can choose to leave a specific amount, a percentage of your estate, or you can designate a portion of what is left after you have made specific bequests to your family and others.

By revealing now that you have included the Father Lacombe Care Centre in your will, you are making it possible for us to recognize your generosity today. All requests for anonymity are absolutely respected.

Gifts-In-Kind

Gifts-in-kind are eligible for a tax receipt for the fair market value of the gift. You can offset or even eliminate taxable capital gains on appreciated assets by electing to receive a lower-value tax receipt.

Gifts of Shares

Gifts of publicly listed securities to the Father Lacombe Care Centre Foundation include stocks, bond, bills and mutual funds. There is no capital gains tax on securities given to charities, and you receive a tax receipt for the market value of your gift.

  • Gifts of publicly-traded securities to the Care Centre can be made as a direct transfer of funds from your account to the Care Centre's brokerage account.
  • Gifts of publicly-traded securities are eligible for a tax receipt for the fair market value of the gift as assessed at close of the market on the date of transfer or delivery.
  • It is the Father Lacombe Care Centre's general policy to sell gifted shares as quickly as possible, without disturbing the market. Proceeds of the sale equal to the value at donation will be transferred to your chosen program.

Wording a Will

The following will clauses are provided as examples only. We suggest that you consult the Father Lacombe Care Centre's Development Office to ensure the bequest may be fulfilled as intended.

  • I give, devise and bequeath to the Father Lacombe Care Centre Foundation (dollar amount or gift of property or portion of the residue) to be used in such manner as the Board of Trustees may direct.

After any of the above, the following wording should be included:

"Recognizing that at some time in the future it may be found that the income from the fund cannot be usefully applied for the expressed purpose, then the income and capital may be used for any other related purpose approved by the Board of Trustees of the Father Lacombe Care Centre Foundation which is within the general aims and objectives of the Father Lacombe Care Centre Foundation, keeping in mind the original wishes of the donor.

The receipt of the person who professes to be the proper agent of the Father Lacombe Care Centre Foundation to receive this bequest shall be sufficient discharge therefore, and my Trustee shall be under no obligation to see that the trusts thereof are carried out.

Any matching grants obtainable as a result of this bequest shall be used at the discretion of the Governors of the Father Lacombe Care Centre Foundation to ensure or enhance the continuance of the fund for the purposes intended."

For further information on a bequest to the Father Lacombe Care Centre Foundation, call Evelyn Stewart, Director of Development, Planned Giving and Major Gifts, at (403) 254-6280.

We also encourage you to consult with your tax advisor for more information on maximizing your charitable gift or visit the Canada Revenue Agency at http://www.cra-arc.gc.ca/chrts-gvng/menu-eng.html for more information. Canada Revenue Agency publishes official Interpretation Bulletins explaining the regulations of charitable giving; they are available at no cost from any CRA Tax Office.

This information is general in nature and does not constitute legal or financial advice. It is not a substitute for professional advice; The Father Lacombe Care Centre Foundation encourages you to seek professional legal, estate planning and/or financial advice before deciding upon your course of action.

Planned giving options

Beautiful and graceful, varied and enchanting, small but approachable, butterflies lead you to the sunny side of life. And everyone deserves a little sunshine. – Jeffrey Glassberg

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