Planned Giving

Plan for a future without domestic violence. Your legacy gift to HomeFront will make a lasting contribution on the families we serve — now and into the future.  

Planned gifts are an opportunity to leave a tremendous impact; these gifts provide financial benefits and tax savings and allow you to know that the charities and organizations you care about can continue to be supported to make a difference in the future. Professional advisors will help you choose the gift that works best for you. There are several ways you can donate to HomeFront that will help you leave a lasting legacy; your final gift could be the key to ending domestic violence in our community.

Below you will find several ways to give. If you have questions about planning your gift or would like to discuss options, please contact:

Justin Dafoe
Manager, Strategic Advancement
justin@homefrontcalgary.com

 

Gifts of Securities: 

Giving the gift of publicly traded shares, bonds, or mutual funds is one of the easiest and most cost-effective ways to support HomeFront. Making a gift of securities provides significant tax saving incentives because it removes the capital gains tax you would incur if you were to sell the assets and donate them. You will receive a tax receipt for the fair market value of the securities at the time we receive them. Any publicly listed securities, including shares, bonds, warrants, stocks, mutual funds, and segregated fund units qualify.

As you consider a gift of securities to HomeFront, we can work with you and your advisors to designate your gift and provide specific details on transferring securities.

Bequests: 

A bequest is a specified gift in your will – it is one of the easiest and most common ways to leave a gift while reducing estate taxes. Bequests can be directed to an area of your choice or left unrestricted to allow HomeFront to apply it to the area of greatest need.

There are many advantages to bequests, such as the flexibility they provide. For example, assets allocated to a charity within a will remain under your control until passing. Another advantage is that the type of asset can take on many forms; you can allocate a certain sum of money, a particular asset, or a portion of your estate. If you specify that the donation amount is to be a percentage of the estate, the donation will be kept in line with the value of the assets as they change in value, while ensuring that the estate will be able to meet other obligations.

Making a bequest is easy and you do not need to re-write an existing will to add a charitable gift. Ask your advisor about the simple process of adding a codicil to your will.

Your financial advisor or estate planner can help significantly reduce the taxes on your estate, leaving more for your loved ones and charities.

We are happy to work with you and/or your advisor to provide customized wording to ensure your wishes are met.

Life Insurance 

Life insurance is another option for planned giving that can allow you to make a meaningful gift to HomeFront at a relatively low cost. You can name HomeFront as a full or partial beneficiary on a life insurance policy that you own or transfer the ownership of a new or existing policy. If you choose to give life insurance, you can make modest premium payments that provide a substantial legacy gift. This type of gift is not subject to probate as the death benefit is paid directly to HomeFront. Additionally, current and future tax benefits are available depending on the gift structure.

As you consider a gift of life insurance to HomeFront, we can work with you and your advisors to identify and document a specific arrangement that works for you.

Retirement Plans 

You can designate HomeFront as a beneficiary of your RRSPs or RRIFs, or even a TFSA. There are significant tax advantages when you donate money from your retirement funds. Your gift qualifies for an official tax receipt and can offset tax payable on other assets of your estate.

While this option is available to all, donating retirement plans is especially appealing to single individuals and surviving spouses who have made other provisions for their heirs. There is no requirement to amend an existing will.

You may also use funds from your Canada Pension Plan (CPP) to make a donation. When you receive your CPP payment, simply send HomeFront a cheque for the full or partial amount of the CPP payment, and you will receive a tax receipt for the value of your cash donation.

As you consider a gift to HomeFront from your retirement funds, we can work with you and your advisors to identify and document a specific arrangement that works for you.

Charitable Trusts

For individuals looking to make large gifts to a charity, establishing a charitable remainder trust may prove to be an attractive planned giving option. Working through trust and estate legal advisors, you can establish a charitable remainder trust by transferring property to a trust. This is eligible for an immediate tax receipt based on the market value of the property, and any applicable discount rates based on your life expectancy.

Please note that charitable remainder trusts are better suited for larger gifts because there is a cost to set up and manage the trust. HomeFront will work with the donor and the professionals to set up and manage the trust.

We recognize many people will seek the important work of professional advisors, lawyers and trust officers. Please see HomeFront’s information below should you require this to provide to the professionals you are working with: 

Legal Name: HomeFront Society for the Prevention of Domestic Violence 

Charitable Registration Number: 88272 1111 RR0001 

Mailing Address: 501 – 620 7th Avenue SW, Calgary, AB, T3E 2N5