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| Planned Giving |
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By remembering Knollcrest Lodge in your estate and financial plans, you will be supporting the long-term future of the home and it's services.
When made known to us, all planned gifts unless specified by the donor will be recognized in a special way within Knollcrest.
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| Types of Planned Gifts |
| The following is a brief overview of the various giving options that are available. We encourage you to consult you own legal and financial counsel in the development of your own financial or estate plan. |
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| Bequests |
| Making a specific gift to a charity can be done through your will, or can be done by writing an amendment called a Codicil to your existing Will, specifying either a percentage or specific dollar amount. You can bequest a portion of your estate and still provide for your family and loved ones. |
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| Endowments |
| Endowments are sometimes referred to as "everlasting gifts" or "lasting legacy". As a donor, you can designate the income produced by investing the endowment to support a specific program at Knollcrest. This fund may be named in honour or in tribute of yourself, your family or a loved one. |
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| Life Insurance |
| A gift of life insurance allows you to make a substantial gift to Knollcrest Lodge in the future by paying a relatively low premium payment today. New and existing policies can be easily transferred to Knollcrest. |
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| Charitable Gift Annuities |
| A gift annuity produces guaranteed payments for you for a lifetime. A portion of the sum you contribute will immediately support Knollcrest. |
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| Charitable Remainder Trusts |
| You can make a gift of investments without forfeiting the income produced from those investments by setting up a chaitable trust. |
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| Gifts of RRSP value |
| A lifetime gift to Knollcrest Lodge can be made using your RRSP's. Revenue Canada requires you to withdraw your RRSP's or convert to a RRIF by December 31st in the year in which you turn 69. If you have enough income from other sources to retire you can consider withdrawing a portion of your RRSP and contributing it to Knollcrest Lodge. |
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| Gifts in Kind |
| These are non cash gifts that have a tangible dollar value. Gifts in Kind include: securities, real estate, stocks, bonds, equipment or tangible property. When accepted, fair market value of the gift is assessed by a qualified party. Based on their evaluation the donor receives a charitable income tax receipt for the appraised value of the asset. |
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| Recent changes to Canada Revenue Agency rules allow an individual to make a gift of stocks or shares to a charitable organization, while retaining the full value for the purposes of deduction, and still avoiding capital gains taxation. |
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For more information about Planned Giving, please call 519-595-8121 Ext. 102, or e-mail our Administrator, Susan Rae.
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