A planned gift is a provision for the YMCA in your estate plans — your will, trusts, insurance, annuities and/or the establishment of an endowed fund.
Planned giving may offer you tax savings and other financial benefits while providing income to the Oakville YMCA. Depending on your situation, a planned gift can increase your current income or the value of your estate for your heirs.
The government has completely removed the capital gains tax owed on donations of publicly traded stocks to registered charities. Donors can now make a significant donation using their publicly traded stocks without incurring tax liabilities. If your investment has grown in value, the capital gains are taxable upon divestment. By donating your shares to the YMCA of Oakville, the capital gains are no longer taxed and the total value of your gift is eligible for a charitable tax receipt. For more information on making a donation of stocks to support the YMCA of Oakville, call 905-845-3417or email email@example.com.
An endowment fund provides a stable source of income to guarantee that the Oakville YMCA will be able to meet the needs of future generations of Oakville residents of all ages. The principal amount of your gift is held in perpetuity, while interest earned on your gift will be used to enrich the lives of kids, youth, families and older adults over the years.
To discuss Planned Giving, please call 905-845-3417. All inquiries will be held in the strictest confidence. Donors contemplating a planned gift are encouraged to seek the advice of their lawyer, accountant and/or financial advisor to ensure that the nature of the gift brings about the greatest benefit from an income tax and estate planning point of view. Income tax receipts are valid in Canada only.