GIFTS IN WILLS There are ways you can help others today without ever jeopardizing your personal financial security. One easy way is by making a gift in your will that specifies a dollar amount or a percentage of your estate to benefit Big Brothers Big Sisters of the Edmonton Area. Leave your legacy by making a gift in your will to friends, family and charitable organizations. A gift in your will is one of the simplest ways to remember those you care about most. More about Gifts in Wills click here
LIFE INSURANCE. Many people today use life insurance as a way to make significant gifts to their favorite charitable organizations. We often find that these gifts can be very significant, low cost and also receive very favourable tax treatment. Ownership of existing or new policies on your life can be transferred to Big Brothers Big Sisters of the Edmonton Area with Big Brothers Big Sisters receiving the death benefits. Certain income tax credits are allowed. Percentage designations or contingency designations are also common. More about Giving through Life Insurance click here
Residual Interest in Real Estate One of your valued possessions, your home, can become a valued gift to us even while you are still living in it, and even if you want your spouse or other survivor to live there for life. This arrangement is called a residual interest.
Retirement Assets
Retirement assets may be expensive for heirs to inherit. Leftover retirement funds can make an excellent charitable gift because the charitable tax credit will offset the tax otherwise payable on distribution. More about giving with retirement plans click here
Charitable Remainder Trusts
In the right circumstances, this plan will provide you and others with income and, rid you of investment worries, save probate fees, protect privacy and ultimately provide very important support to Big Brothers Big Sisters of the Edmonton Area. When you create a charitable remainder trust, you irrevocably transfer money, securities or other assets to a trust that will then pay you an income for life or for a period of years. If you wish, the trust also can pay an income to another beneficiary of your choice. At the death of the surviving beneficiary, the remaining principal in the trust goes to Big Brothers Big Sisters of the Edmonton Area.
CHARITABLE GIFT ANNUITY Quite simply, the Charitable Gift Annuity from Big Brothers Big Sisters of the Edmonton Area is a way for your to receive a guaranteed income for life, an immediate donation receipt, and leave an everlasting philanthropic legacy to Big Brothers Big Sisters while you are at it. More about Gift annuities