Planned Giving & Legacy

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What is “Planned Giving”?

According to the Canada Revenue Agency (CRA), gifts are a voluntary transfer of property without valuable consideration. Allowable gifts include cash, gifts in kind like stocks and real estate, and a right to future payment, such as life insurance proceeds.

“Planned Gifts” are so called because they take some thought and preparation, and because you should consult with a lawyer and your financial planner about them.
Your gift can be a one-time donation, a series of payments over a set period, or ongoing support. Your planned gift may be a “present gift” that can be used now, or a “deferred gift’, that is only available in the future, such as in a will.

Planned giving helps you create a legacy of support for the causes you care about most, and can maximizes your tax and estate planning benefits.
When speaking to your financial advisor, make sure that they are aware of your philanthropic goals, and consider a gift to the CMF today.

For more information, please contact the Canadian Medical Foundation at info@cmf.ca or 613.518.6010.

There are the many ways you can make a lasting impact as part of your legacy.

  • Securities - Donating Appreciated Shares – Public and Private Shares and Securities (including mutual funds) A common misconception about planned or legacy giving is that you benefit only in the future.  In fact, you can often benefit immediately. 50 per cent of a capital gain from the sale of stock is taxable. When a stock is donated to […]
  • Life Insurance - A gift of insurance can allow a Donor to make a much larger gift to the Canadian Medical Foundation than they might otherwise be able to consider. Tax savings today are real. There are a number of very common methods to utilize life insurance in your charitable giving and tax saving plans.  Proceeds of life […]
  • Gift Annuities - The charitable gift annuity is a popular planned giving instrument for elder Canadians, as it allows a person to make a significant contribution, while maintaining financial security. There are many benefits of a gift annuity: A gift annuity allows you to make a significant gift, yet still enjoy the income from that gift; A gift […]
  • Wills and Bequests: The Most Popular Planned Giving Vehicle - The most common form of planned gift is the bequest – making a gift through one’s Will. (i.e. Through your estate planning.)  Indeed, some 80% to 90% of planned gifts are bequests. For these Donors, the bequest is one of the smartest options.  Leaving a gift by Will permits a Donor to leave a significant […]
  • Donor Advised Funds - CMF offers a DAF program that enables donors to create long-term charitable gifting plans in order to realize their charitable goals and further their philanthropic priorities.