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Other ways to give

Life Insurance, Retirement Assets, Endowments and Crypto

Life Insurance

By leaving a gift of life insurance to PWRDF, you can make premium payments that has the potential to turn into an impactful gift. There are three ways to make a gift of life insurance.

  1. Purchase a new life insurance policy and name PWRDF as the owner and beneficiary. The premiums you will pay qualify for a charitable tax receipt.
  2. Donate an existing policy to PWRDF. You will receive a charitable tax receipt for the fair market value of your life insurance policy.
  3. Name PWRDF as the beneficiary of your existing life insurance policy. In addition, your estate will receive a charitable tax receipt when the proceeds are paid out.

Retirement Assets

You can also choose to make PWRDF a beneficiary of your Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs) or Registered Tax-Free Savings Accounts (TFSA). By doing this, you can make a significant gift in the future while retaining use of your registered funds during your lifetime.

Endowment Fund

A personal endowment fund is an impactful way to ensure that PWRDF and partners can continue to support communities in need well into the future. With a one-time donation, a pledge over time or through a gift in your will, your fund can be named after you, your family, or in honour of a loved one.

Please note, a minimum of $25,000 is required to set up a named endowment fund. However, it is possible to establish the fund with an annual gift of $5,000 over five years or through a gift in a will.

Crypto Currency

By donating appreciated cryptocurrency that has been held longer than one year, you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes cryptocurrency donations one of the most tax efficient ways to support a cause you care about.

To receive more information about these gifting options please contact Manita Swati, Senior Advisor of Planned Giving and Major Gifts at [email protected] or (437) 833-6358.