LEAVING A LEGACY

A planned gift or investment is a very individual decision that considers your giving objectives, while maximizing the tax advantages and estate planning benefits of the gift. Your planned gift may be outright and immediate, or a future gift arranged now but not received by imagine1day until a future date. You can create your major and planned gifts in many ways:

• Gifts of Cash
• Gifts of Securities
• Gifts of Property
• Donor Advised Funds
• Will Bequests
• Gifts of Life Insurance
• Gifts of Retirement Plans
• Charitable Remainder Trusts
• Charitable Gift Annuities
• Gifts to the Endowment Fund

For more information on Planned Giving or a personal consultation please contact Sapna Dayal at 604.739.3311 or toll free at 1.866.923.7238.

gifts of cash

An immediate cash gift is the simplest and most common gift. The tax credits from the donation receipt are used to offset tax otherwise payable at higher tax rates. An immediate cash gift maximizes the present value of the tax savings.

gifts of securities

The federal budget of May 2006 eliminated capital gains on gifts of publicly traded securities to public charities. Publicly traded securities are all securities listed on Canadian and major international exchanges. This includes stocks, trust units, exhange-traded funds, warrants, as well as mutual fund units and bonds. The donation must be an "in kind" transfer of the security itself, not the cash proceeds of the sale of the security. The transfer is best made electronically from the donor's investment account to the charity's custody or brokerage account.

Click here to download our Gifts of Publicly Listed Securities - Share Transfer Form >>

gifts of property

These could be an outright gift of a capital property (for example real estate) or a gift of a residual interest. Both types of gift have unique tax advantages. As an example, you may decide to transfer your residence to imagine1day now, but continue to use it during your lifetime. You would receive a donation receipt for the value in today's dollars of the property to be received by imagine1day at the end of your lifetime.

will bequests

Your will bequest to imagine1day can create a lasting legacy to perpetuate your tradition of annual gifts to support your community. Gifts of a specific cash amount or asset or a percentage of the remaining estate are popular choices. Your estate receives a donation receipt for the value of your gift, providing a tax credit to reduce tax otherwise payable on your final tax return.

gifts of life insurance

Life insurance is a way to make a significant future gift at an affordable current cost without reducing your estate available to family and friends. Making imagine1day the owner and beneficiary of an existing or new policy entitles you to a current donation receipt on the cash surrender value (if any), and further receipts on payment of subsequent premiums.

An alternative is to simply name imagine1day as beneficiary. Instead of current donation receipts your estate receives a donation receipt when the policy proceeds are received.

gifts of retirement plans

Transform tax liabilities into a charitable gift by simply naming imagine1day as the beneficiary of your RRSP or RRIF plan. At the end of your lifetime the proceeds are received by imagine1day and a donation receipt is issued to your estate.

charitable gift annuities

A charitable gift annuity is an arrangement where you make a contribution to imagine1day and in exchange receive a guaranteed lifetime annuity income. imagine1day retains the balance of the contribution not required to purchase the annuity. If you start this annuity between age 75 - 90, you can expect fully tax free income, and partially tax-free for ages 65 - 74. Perhaps the annuitant could be an aged parent who needs financial support.

In addition, where your annuity income is fully tax free, you will receive a donation receipt, in the amount of your contribution minus your expected lifetime annuity income.

gifts to the endowment fund

Your gifts to the Endowment Fund will continue to generate revenue forever. imagine1day’s Endowment Fund, invests your gift, protecting the principal while producing an annual income. This income partially offsets imagine1day’s annual campaign costs - ensuring 100% of every investors' dollar goes directly to imagine1day’s projects in Africa. Many investors make contributions to the Endowment Fund as part of their annual investment, or direct a Will bequest to the Fund. imagine1day can assist you in establishing your own named endowment fund.

For further information please contact Sapna Dayal at 604.739.3311 or toll free 1.866.923.7238