Want to help, but not sure how? Join the community of Abilitas Foundation supporters who give monthly
to fund the operation of the lodge. Give a small amount each month: even $20 helps make a huge difference for kids and adults living with disabilities!
Monthly giving can be done by credit card or directly from your bank account if you have linked your chequing account to your PayPal account.
GIFTS OF STOCKS, SECURITIES OR LAND
Charitable giving as gotten more sophisticated over time. Now, by gifting your real estate or publicly-traded securities - including shares, mutual funds and stock options - you have a cost-effective opportunity to transform an asset into a significant long-term legacy that would build an endowment fund to maintain the lodge for generations to come.
A TAX-EFFICIENT DONATION ALTERNATIVE
A donation of appreciated securities or land is a worthwhile alternative to donating cash. Flexible choices allow you to decide how you want to give, and by eliminating the capital gains tax on land and securities that have appreciated over time, you receive a substantial tax incentive. You are entitled to a donation receipt for the full market value of your asset. Your gift of land or securities will result in a non-refundable tax credit that will have the effect of lowering your income taxes. You can use the tax credit in the year of your donation or carry it forward for up to five additional years. Your charitable receipt will be valued based on the closing price on the day when the land or shares are legally transferred to Abilitas Foundation.
Got questions about the details? Contact Meredith Holmes
or call 604-854-1720 for more information and forms to fill out.
GIFTS OF life insurance
Another way to give is by transferring life insurance to Abilitas Foundation. Gifting life insurance is an excellent way to leave a legacy because you can:
- make a substantial gift for a relatively small premium;
- become a major benefactor immediately, rather than waiting years to make your gift from accumulated assets;
- gain present and future tax benefits and guarantee that the value of your gift will not be reduced by taxes, probate or administrative costs; and
- make a significant gift that is considered independent of your estate, and therefore cannot be challenged.
We welcome the opportunity to discuss life insurance as a gift planning tool with you. To speak to someone personally and confidentially, please contact Meredith Holmes by email or call 604-854-1720.
You have the option of transferring an existing whole life policy. This is an excellent option if you have a fully-paid policy that is no longer required to meet your family`s financial needs. You would transfer ownership to Abilitas Foundation and name Abilitas Foundation as the beneficiary of the policy. You would then be issued a donation receipt for the cash surrender value of the policy immediately, just as if you made a cash donation. Alternatively, you can transfer ownership of a partially-paid policy and name Abilitas Foundation as the beneficiary. You would receive a tax receipt for the case surrender value of the policy and for your payment of the annual premiums.
You also have the option of purchasing a new policy and making Abilitas Foundation the owner and the beneficiary of the policy. You would then be entitled to a tax receipt for the payment of the annual premiums. If you choose to make Abilitas Foundation the beneficiary of your insurance policy without transferring ownership, the proceeds of the policy will be paid to Abilitas Foundation immediately upon your death and your estate will receive a charitable tax deduction for the amount of the insurance policy.
To find out how to proceed, contact Meredith Holmes or call 604-854-1720.