Planned Giving

List of 5 items.

• Bequests

  A gift made through a donor’s will is probably the best-known form of planned giving. A charitable bequest directed to RNS may be stated in your will in numerous ways, including a specific dollar amount, a percentage of an estate, or as the residual of the estate. It can include cash, securities, or real estate.
  
  Making a bequest allows you to make a substantial gift in the future without diminishing your assets today. In other words, it costs nothing now, yet it may give you a great deal of satisfaction to know that your gift will live on. Your estate will receive a valuable tax credit for your final tax return. This credit can save your estate a considerable amount of tax, particularly if you have holdings of appreciated assets that will be deemed to have been sold at your passing.

• Life Insurance

  Donors often struggle between their desire to achieve philanthropic goals and their need to preserve their estates for their families. A gift
  of life insurance can eliminate this conflict. Through a gift of life insurance, you can make a larger donation to RNS than you thought you could afford, at a relatively modest cost and not reduce the value of your estate for your heirs. Life insurance can provide an annual tax credit, or a tax credit in the year of death.

• Stocks and Securities

  For many donors, there are significant tax benefits for donating publicly traded securities rather than cash. Changes to Canada’s tax laws have resulted in the avoidance of capital gains tax on publicly traded securities when they are donated to a registered charity like Rothesay Netherwood School. Highly appreciated securities provide the means to make a low-cost significant gift.

• Charitable Remainder Trust

  A charitable remainder trust allows the donor to make a commitment to RNS while providing income or property use to the donor for the duration of their lifetime (or for the term of the trust). Assets placed in the trust can include: cash, stocks, bonds, securities, real estate, and other investments. The donor will receive a tax receipt for the present value of the assets, taking into account the value of the property, interest rates, and the anticipated term of the trust. The remaining trust capital reverts to the school upon the donor’s death, or at the conclusion of the time period agreed upon in advance. Unlike a
  future bequest, for which you get no tax benefit now, a charitable remainder trust provides you with a donation receipt the year you made the gift.

• Charitable Gift Annuity

  If you are 65 years or older, a Canadian resident and have a desire to create a legacy at RNS, but still require the income from your assets, it may make sense to incorporate a charitable gift annuity as part of your estate plan. When you establish a charitable gift annuity, you receive immediate tax savings and secure a guaranteed stream of income for life while providing important support for RNS.