Planned Giving

What is Planned Giving?

• the process of donating planned gifts. A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or trust, planned gifts are most often granted once the donor has passed away

• Cash, Securities, or other property 

• An in-kind donation is the transfer of goods or services

• Gift planning(planned giving) is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property.

• is an intensive fund raising effort designed to raise a specified sum of money within a defined time period to meet the varied asset-building needs of an organization.

What is a charitable gift annuity?

• involves a contract between a donor and a charity,  The donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity.

• A charitable remainder trust (CRT) is an irrevocable trust typically funded with highly appreciated property. The CRT is structured so that there is a current beneficiary who is either the donor or a named individual and a remainder beneficiary, which is a qualified charity, such as a private foundation

What is a charitable lead trust?

• A trust designed to reduce beneficiaries' taxable income by first donating a portion of the trust's income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

• entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor's specified beneficiary.

What is a Charitable Lead Annuity Trust account?(CLAT)

• the charity receives a guaranteed annuity payment during the term of the trust. A charitable lead unitrust is a CLT in which charity is to receive a guaranteed unitrust interest during the term of the trust. A qualified CLT may be either inter vivos or testamentary

What is charitable remainder unitrust?

• pays the beneficiary a fixed percentage of the principal of the trust as it is revalued annually. This type of trust provides the donor with the flexibility to make additional gifts to the trust.

What is a gift annuity agreement?

• is a contract (not a "trust"), under which a charity, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money to one or two individuals, for their lifetime. A person who receives payments is called an "annuitant" or "beneficiary."

• is a type of charitable mutual fund created from securities or cash donated by an individual, a family or a corporation to a charity, which is then invested to provide dividends for both the donor and charity. The donations are irrevocable and tax-deductible and must be from personal assets.

• A foundation (also a charitable foundation) is a legal category of nonprofit organization that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes

• A donor-advised fund, or DAF, is a philanthropic vehicle established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund over time.

• Charitable lead trusts ("CLTs") are designed to provide income payments to at least one qualified charitable organization for a period measured by a fixed term of years, the lives of one or more individuals, or a combination of the two; after which, trust assets are paid to either the grantor or to one or more beneficiaries.

• definition: An annuity is a contractual financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.

Hotel Dieu Shaver Foundation
Every year we fundraise to support the hospital to provide world class care with a family oriented atmosphere. HDS a hospital, but is not under the umbrella of any of the regions other Hospitals. 

When Planning a Gift to Us Remember:
•do your research
•talk to friends and family
• seek out the advice of a financial advisor or lawyer

For further information and research please visit these links
Financial Advisors Association Canada   www.advocis.ca
Financial Planning Standards Council   www.fpsc.ca
Canadian Institute of Financial Planning   www.cifp.ca
Imagine Canada  www.imaginecanada.ca
Canadian Revenue Agency   http://www.cra-arc.gc.ca/chrts-gvng/lstngs/menu-eng.html
Charity Village   http://wwwcharityvillage.com