Planned giving lets you donate to the Fragile X Research Foundation of Canada in a way that balances your giving objectives with other goals you may have, such as tax effectiveness or estate planning benefits.
A planned give can be outright and immediate, or take the form of a future gift that’s arranged now but not received by the Foundation until a future date. And because of the many different forms that a planned gift can take, it may also be a way to donate a much larger gift than you would otherwise be able to give.
Planned gifts include:
- Will bequests: A bequest to the Foundation in your will can generate tax credits to a maximum of 100% of net income for use in the year of death and the preceding year.
- Beneficiary designation: You can directly designate the Foundation as the beneficiary of a life insurance policy, RRSP, or RRIF. The proceeds pass outside your estate, which can save on probate fees, and you receive a charitable tax credit for the donation amount.
- Life insurance: By donating a new or existing insurance policy to the Foundation, you continue to make premium payments and receive a charitable tax receipt for the premiums paid. The proceeds of the policy go directly to the Foundation upon your death.
We welcome your enquiries
Your planned gift can make a huge difference to the work of the Foundation and to Fragile X individuals everywhere. Please contact us if you have any questions about a planned gift you may be considering.