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Planned Giving

Planned gifts can include bequests, securities, charitable trusts, life insurance, retirement accounts and more.  In addition to getting your affairs in order and ensuring that causes that matter to you are reflected in your planning, you can actually help reduce the amount of tax owing by your estate and preserve as much as possible for your heirs through charitable giving.

There are so many ways you can include Canadian Mental Health Association, PEI Division in your planned giving.  Here are a few options:

  1. Leave a gift in your will. It’s common for people to leave residual bequests which are simply gifts from whatever is left after all of your gifts to loved ones, taxes and debts have been paid.  More often than not charitable bequeaths reduce the amount of tax owed by your estate, actually leaving more for your family.  It’s worth talking to your financial advisor and lawyer about.
  2. Name CMHA-PEI as the beneficiary of your life insurance policy. Life insurance policies are an affordable way to make a gift.  Depending on where you are in life you may find yourself in a position to transfer ownership of a paid-up policy, and existing policy with premiums still owing or a new life insurance policy.  Either way, you will be eligible for charitable tax receipts for the fair market value of the policy and/or premiums paid.
  3. Gift an RRSP or RRIF to CMHA-PEI. Again there’s the likely benefit of tax savings to your estate. Check with your financial advisor.
  4. Gift publicly traded securities. Securities left in your estate to children with taxable income will result in the tax on 50% of the gain. Securities left to CMHA-PEI will result in full charitable tax value and no capital gains. If you plan to donate, consider securities with capital gains to save even more tax.

If you are interested in making a planned gift, or just want to talk to someone about the possibilities, please contact:

Brian Tremblett

Fund Development Coordinator

CMHA-PEI

Phone: (902) 628-3668

[email protected]

Please note that your inquiry about this type of giving in no way implies commitment.  We’re here to help make sure that leaving a legacy gift to CMHA-PEI makes sense for you and your family and all conversations and correspondence are confidential. However, if you’ve already organized a gift please let us know about it so that we can properly acknowledge you!

DISCLAIMER – The above information is intended to provide general information on legacy giving options.  Neither the Canadian Mental Health Association, PEI Division or it’s employees provide legal, tax or accounting advice. Be sure to consult with the appropriate legal and/or financial advisor when planning your gift.