Planned giving helps support children with life-threatening illnesses and their families. Your donation will provide a full range of pediatric palliative care and services to children throughout their lives and offer their families support, respite and bereavement follow-up. Donate now. Your tax-deductible donation will go a long way in helping children and their families.
Planning a donation to Le Phare, regardless of the value of your estate, is an important gesture for the future of children receiving palliative care at Le Phare and their families. It’s also a way of showing how much you care for future generations who will have to weather this storm.
This option is available to everyone and can be arranged through your notary. Simply include this line in your will: “I bequeath $____ to Le Phare. Organization’s Registration Number: 87808 9721 RR0001.”
Making a donation to Le Phare by will is a way to pass on your values to your loved ones. Bequeathing a donation is a benevolent gesture that ensures Le Phare’s long-term support for children in palliative care and their families.
Did you bequeath a donation to Le Phare? Contact Julie Sauvageau by email or by phone at 514 787-5087.
Michel Poirier discovered Le Phare while riding his bike. Under the trees on Île Sainte-Hélène, with downtown Montréal as a backdrop, Michel listened to his good friend Robert Chagnon speak passionately about all the work accomplished by his beloved Michèle Viau-Chagnon and her partner Nicole Marcil-Gratton to bring Le Phare to life.
Read moreNaming Le Phare as the beneficiary of a life insurance policy allows the donor to make a significant donation at a fraction of the cost.
The donor pays the annual premiums and, upon their death, Le Phare receives the benefits. Tax credits are granted annually to the donor or, upon their death, to the donor’s estate, depending on which of the following options is selected:
Do something today that will make you proud, for the future. Planned giving is one of the best ways to support Le Phare.
Depending on your personal and family situation, there are other options available to you:
Le Phare will help you make your philanthropic initiatives easier. Consult a professional who knows your personal and family situation well (e.g., notary, financial advisor, accountant) to help you get the most out of the tax benefits associated with this type of donation.
By donating publicly traded shares to Le Phare, you can receive tax benefits while contributing to the well-being of children with life-threatening illnesses and their families now, and for future generations.
Do you own publicly traded shares that are not part of a registered plan and have significant unrealized gains? Publicly traded shares transferred directly to Le Phare are exempt from capital gains tax. You will receive a tax receipt for the value of the securities at the time of donation. You have more to gain by donating your securities directly to Le Phare than by selling them and then making a cash donation. This allows you to give more to Le Phare without increasing your disbursements.
The following example illustrates this concept:
| Donation by transfer of securities to The Lighthouse | Donation of proceeds from the sale of securities | ||
|---|---|---|---|
| Value of donation | $5,000 | Value of donation | $5,000 |
| Purchase price of securities | $1,000 | Purchase price of securities | $1,000 |
| Capital gain | $4,000 | Capital gain | $4,000 |
| Taxable capital gain | $0 | Taxable capital gain (50%) | $2,000 |
| Gains tax (37.12%) | $0 | Gains tax (37.12%) | $742 |
| Tax savings | $742 | Tax savings | $0 |
| Charitable donation tax credit | $2,500 | Charitable donation tax credit | $2,500 |
| Actual cost of donation | $1,758 | Net cost of donation (adding tax payable) | $3,242 |
| Difference (benefit of donation transfer) | $1,484 | ||
| Note: Marginal tax rate used: 37.12%, corresponding to an estimated income of $48,000 to $85,000. Tax credits estimated at 50%. This chart is not intended to be used as a substitute for financial advice. |
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Make a donation directly and easily to Le Phare by giving stocks, bonds or mutual funds. Not only will you enjoy a tax benefit, but you will also help improve the well-being of children in palliative care and their families.
Would you like to make a donation of publicly traded shares? Contact Cristine Lamoureux by email or by phone at 514 789-3998.
