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Charitable
Bequests
A Charitable Bequest is perhaps the simplest form of
planned gift to arrange. It is a gift made through a person's last will
and testament. A bequest usually is a percentage of the donor's estate
which is given after family needs are cared for. It can also be a gift
of cash, real estate, or other property.
One approach is to "adopt a child called charity" and
include that "child" in the will. The donor's preferred charities
(such as the Foundation) would
receive a share equal to that received by each of the donor's children.
The following example demonstrates the power of this type
of gift:
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Tom and Wilma have four
children, and their estate is worth $500,000 including $100,000
in RRSPs. |
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Plan Without Charitable Gifts:
Amount to charity: $0
Income tax: $50,000
Amount to each child:
$112,500 |
Plan With "Child Called Charity":
Amount to charity:
$100,000
Income tax: $0
Amount to each child:
$100,000
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Click here for a detailed fact sheet
from Christian Stewardship Services.
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