Build a Legacy
Choosing ACT to be part of your estate plan is the ultimate gift, helping to fund future support for gay men, women and young people in Toronto living with and at increased risk for HIV.
Each gift option has its own tax benefits and should be considered as part of planning for your gift. We are humbled and grateful you have considered ACT as part of your estate planning.
To discuss any of the Legacy Giving options below,
contact Jason Patterson at 416.340.8484 Ext 268 or email@example.com
In creating a will or making amendments to an existing will to include ACT, you provide those we serve with future support through your estate plans. You may choose to leave a specific donation amount, or name ACT as a residual beneficiary of your estate. Please consider consulting legal counsel to ensure appropriate wording of your bequest gift. ACT welcomes the opportunity to work with you throughout your decision-making process.
There are many benefits of leaving a gift in your will and estate plans. This gift does not reduce your current assets, and enables you to make a larger gift than perhaps you can in your lifetime. Gifts in your will also have potential to significantly reduce the tax burden on your heirs and beneficiaries. Work with your financial advisor to review your options.
Review Sample Wording for your Will and Estate
By making a donation of publicly listed securities traded on a recognized stock exchange (i.e. TSE, NYSE), you have the potential for increasing the benefit on your annual tax return while supporting ACT’s vital programs and services. A charitable tax receipt is issued by ACT for the value of shares based on the end-of-day trading price on the day it is received by ACT.
A minimal investment upfront, Life Insurance is another great way to support the future of ACT. Several options make this an effective strategy. If you have a paid up policy, you can donate it to ACT and possibly receive a larger income tax receipt to use today. Transfer ownership of a current policy to ACT while paying the premiums, you will get a tax receipt today for your remaining premium payments. You can also name ACT as beneficiary to an existing Life Insurance policy or purchase a new policy and name ACT, which will provide tax savings to your Estate, or to yourself today. Consult your trusted insurance broker to evaluate the policy that will work best for you based on your age and general health.
By naming ACT as a beneficiary of your RRSP or RRIF, your estate will receive a charitable tax receipt that will help offset taxes and reduce or eliminate probate fees. It allows you to donate to a cause near and dear, while protecting your assets left to your loved ones.