Gifts for the Future
Planning a “Gift for the Future”
Through a planned gift to Community Living Access, you will have the assurance of knowing that Community Living will be there, ready and able to respond to the needs of people who have an intellectual disability.
Planned gifts are carefully considered and legally documented plans designed to provide a meaningful gift to a charitable organization like Community Living Chatham-Kent. Planned gifts are usually arranged now and received by the charity in the future. Gifts can include a bequest in your will, life insurance policy, or charitable gift annuity. Not only do these contributions provide a gift to Community Living Access, they are also a source of tax reduction.
Providing a planned gift not only helps meet the many needs of people who have a developmental disability and their families today, but those of tomorrow. If it is an unrestricted gift, it can be used to purchase much-needed equipment, provide respite to families, help a person find employment in the community or help provide accommodations for people. The needs of Community Living Access are assessed annually, and an unrestricted donation can be used where it is needed most.
All gifts to the agency are significant and can make a difference in the lives of people who have a developmental disability. There are many ways that you can make a “Gift for the Future”. Community Living Access strongly advises you to consult with your lawyer or tax advisor before making any financial decisions.
Types of Deferred Giving / Wills
A bequest is making a gift of cash or assets to Community Living Access. You gain the satisfaction in knowing that your compassion will provide support for the agency for years to come. Also, your estate will receive significant tax credits that can be passed on to heirs.
A gift of publicly traded, appreciated securities can qualify for special benefits because of recent changes in the Income Tax Act. You can watch your gift have an immediate impact on Community Living Access while enjoying immediate tax benefits.
Gifts of Property
Real estate, art, jewelry, and other collections can be donated to the agency. After an independent appraisal, you can be provided with a tax receipt.
A gift of a new or existing life insurance policy naming Community Living Access as a beneficiary can provide a sizable gift to the agency, while you also enjoy income tax credits. A gift through life insurance can make a significant gift possible while leaving other assets intact for the family or the donor. Anyone, even a person of relatively modest means, can make a gift that would not be possible otherwise.
Life Income Gifts
The Charitable Gift Annuity and Charitable Remainder Trusts are gifts to Community Living Access in which the donor and the agency receive benefit. These gifts provide a gift to Community Living, while providing an income for the donor for life. With a Charitable Gift Annuity you receive a significant tax-free income, while a Charitable Remainder Trust provides the donor with a large one-time tax credit.
Making your “Gift for the Future”
By making a planned gift to Community Living Chatham-Kent you are building a future for people who have an intellectual disability. You are encouraged to seek professional legal, financial, and estate planning advice before deciding on a course of action.
Important Information to Know
Please Contact –Don Lawson 519-426-0007 ext 111 and they will provide you with information that may be helpful when you are planning your “Gift for the Future”: Our legal name; Our charitable registration number; Our address, and Suggested wording .