Planned Giving Options

giving-options

The personal satisfaction of knowing that you are ‘making a difference’ is usually the only motivation needed for giving to your church or favourite charity; however, planned giving allows you to make the most of your gift, and may permit you to increase your overall giving while saving taxes. Planned giving must be tailored to your circumstances as it affects your financial future. You need to consider your age,
and how much money you will need to continue your lifestyle and meet family obligations.

As may be seen below, most planned gifts are irrevocable, so if planning a large commitment, make sure you will have enough money to meet your future needs and those of your family.

Donation type Revocable? Receive income or have use of donation during lifetime? When charitable tax receipt issued When Church uses
gift
Cash gift No No When Gift is made When Gift is made
Life insurance policy – church is owner and beneficiary Yes, by changing beneficiary Yes After death After death
Bequest by will Yes, by changing will Yes After death After death
Gift of securities No No When Gift is made When securities are sold
General Synod Charitable Gift Annuity No Portion of income received tax–free based on age Now, based on gift value adjusted for income to be paid based on annuitant’s life expectancy Residual after death
Charitable Remainder Trust No Can use property and receive all income generated Now, based on gift value adjusted for income to be paid based on annuitant’s life expectancy Remainder after death

If you have questions or want to learn more, please contact me, in confidence and without obligation, at the following:

David Connell
Planned Giving Officer
The Diocese of Edmonton

10035 – 103 Street
Edmonton, AB T5J 0X5
Phone: 780–439–7344
Fax: 780–439–6549
Toll Free: 1–877–494–8890
Email: pgofficer@edmonton.anglican.ca