What are some examples of a Legacy Planned Gift?
By naming ACCES as a beneficiary to an existing policy, or by transferring ownership, you can make a larger gift than you may have thought possible. You will also receive a tax credit for the cash surrender value of the policy. Another option is to make a gift arrangement of a new policy to ACCES as owner and beneficiary.
Gift-in-kind/Property or Securities
Gifts of property, such as real estate, securities, or stock can also be donated to ACCES. If you own publicly traded securities outside of an RRSP or RRIF that have increased in value, you could owe taxes on them. By giving the stocks or securities as a gift ‘in kind’, you not only receive a tax receipt for the value but can eliminate paying the capital gains tax on them.
Charitable Remainder Trust
A Charitable Remainder Trust allows you to make a major gift now and continue to enjoy the income from it for the rest of your life. Through the creation of a trust funded with cash, securities, or real estate, ACCES receives whatever remains in the trust after your passing.
At any time, donations of $1,000 or more can go directly to the ACCES Foundation, if requested by the donor. Your donation will help to fund scholarships in the future.
There are more ways of giving a legacy planned gift. Please contact your financial advisor, lawyer, or the ACCES office for more information.
If you have already arranged a legacy gift, please contact us, so that we can update our records.