Posts Tagged ‘gift planning’
The Year-End Dash for Charitable Giving!
As the year draws to a close, people are making that last dash to send a charitable donation before the year-end to make the most of their tax credit and support a worthy cause. If it’s the first time you’re making a charitable donation, especially a significant amount, with approximately 86,000 charities to choose from…
Read MoreGiving in Retirement
Retirement. At twenty, we rarely think about it. At 45, we dream about it. And, at 55 we worry about it. A significant amount of financial planning tends to focus on that time in life when, as the saying goes, we “finally stop working and start living.” But what about our charitable giving? When we…
Read MoreGenerosity and Wise Financial Stewardship
A Surprising Discovery Alice* stood in the doorway of the farmhouse she and her husband Henry had occupied for over 40 years. Cleaning out the clutter accumulated over decades of ownership was a daunting task. However, with Henry’s passing, she had decided to move. Now, imagine her surprise when, amongst the possessions and papers, she…
Read MoreThe Perfect Gift
I am not good at buying gifts. Whether for birthdays, Christmas, or other events, I don’t seem to have that special knack for getting people just the right thing. I used to wander from store to store or sit at the computer shopping online hoping the right gift would show itself. But that rarely happened.…
Read MoreThe Evolution of Planned Giving
Originally published in Wealth Professional Canada. Issue 8.08, October 2020. Read the interview with Darren Pries-Klassen, CEO and Rick Braun-Janzen, Director of Gift Planning at Abundance Canada on “The Evolution of Planned Giving”.
Read MoreBuilding A Charitable Legacy Using Life Insurance
As David and Anna settled into the rhythm of retired life, their thoughts turned to the future. They had always prioritized two things – family and charity. They knew there must be a way to support both with their estate but were not sure of the best options. They contacted Abundance Canada for help. David and…
Read MoreThe Benefits of a Gift of Life Insurance (Part 2)
A gift of life insurance can be an effective way to support charity. If you need the charitable receipt in your estate and not during your lifetime, you might choose to retain ownership of the life insurance policy and name a charity as the beneficiary. Naming a Charity as the Beneficiary of a Life Insurance Policy When you name a charity as the beneficiary of your life insurance policy, you remain the policy owner. …
Read MoreThe Benefits of a Gift of Life Insurance (Part 1)
Thanksgiving is often the time of year when we consider the abundance we have and reflect on the needs of others. Some of us extend our generosity as part of our Thanksgiving traditions; researching opportunities to give and then writing a cheque, participating in a food collection drive, or spending some time volunteering. As wonderful as giving back like this can…
Read MoreSupport Your Favourite Charity with Gifts of Securities
Fred Smith* is a big-hearted man, and has always donated a percentage of his annual income to charity. When the homeless shelter in his city launched a fundraising campaign to construct a new building, he decided to give them an extra $10,000 above his annual support. Fred was excitedly telling a friend about the project over lunch one day when his friend told…
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