Planned Giving
- Planned Giving
- 'Planned giving' simply means planning now for a gift, which a charity will receive sometime in the future. A donor makes a commitment to make a future gift through their will, life insurance policy or a range of other gift options, often with excellent tax advantages.
What Are the Benefits of Planned Giving?- Gift planning can improve a donor's financial position, and can enable many to make a bigger impact than they ever thought possible. With sound financial planning, gifts of this nature enable the donor to enjoy a tax advantage, while making a significant difference in their community.
In summary, here are the chief benefits to the donor making a planned gift:- Significant tax benefits while maintaining financial security for donor and family
- Ability to make a larger gift to charity than otherwise might be possible
- Founding a commemorative gift to someone special
- Providing for endowment which will help future generations
- Helping to avoid or reduce capital gains taxation
- Passing assets on to family members at a reduced tax cost
- A better equipped hospital, meaning better care for you and your family for years to come
- Long term stability for carrying out our mandate to provide medical equipment and technology
- Security for future financial planning
- Ability to recognize donor generosity in the long term