Donation by life insurance
Naming The Lighthouse, Children and Families 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, The Lighthouse, Children and Families 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:
- You retain ownership of the life insurance policy
- The Lighthouse, Children and Families becomes the owner of the life insurance policy
- You transfer an existing life insurance policy
Other planned giving options
Do something today that will make you proud, for the future. Planned giving is one of the best ways to support The Lighthouse, Children and Families.
Depending on your personal and family situation, there are other options available to you:
- Donate RRSPs
- Donate publicly traded shares
- Create a tribute fund
- Donate securities through a trust company
- Charitable annuity
The Lighthouse, Children and Families 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.
Donate publicly traded shares
By donating publicly traded shares to The Lighthouse, Children and Families, 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 The Lighthouse, Children and Families 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 The Lighthouse than by selling them and then making a cash donation. This allows you to give more to The Lighthouse without increasing your disbursements.
The following example illustrates this concept:
Make a donation directly and easily to The Lighthouse, Children and Families 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 Julie Sauvageau by email or by phone at 514 787-5087.