You can become a benefactor to Community Living Ontario with relative ease. Your lifetime of diligence and hard work has given you the flexibility to consider sharing some of your estate. By choosing one of the options below, you have the ability to turn some of your resources into gifts that will support the objectives of our agency and receive a direct financial benefit in return. For every planned gift made, there is a significant tax benefit for you, the donor.
There are many planned gift options to consider:
As individuals and families, we experience joyous occasions and time of loss. One way of expressing yourself is to direct your donation or those of others to Community Living Ontario.
Assigning Community Living Ontario as the benefactor of a life insurance policy is one of the most innovative and exciting means of contributing. A policy can be specifically designed with a modest premium that eventually provides a substantial gift. You may wish to take out a life insurance plan on yourself or your family with Community Living Ontario as the beneficiary. You may also have a “paid-up” life insurance policy that you would like to give to the organization.
If you do not have a Will, you should consult your family and lawyer immediately and have one drawn up. Without a Will, your estate can be tied up in court and eroded by legal fees and taxes. Your Will may be used to leave a lump sum or a percentage of your estate to Community Living Ontario.
Both residential and commercial property can be directly donated to Community Living Ontario or used to fund a gift annuity.
Stocks, bonds, GICs, and securities can be donated to Community Living Ontario. They are as good as cash gifts and you enjoy the same tax benefit.
People who have a disability and their families now have an online, comprehensive toolkit available to them as they consider their financial objectives and obligations. Community Living Ontario launched the Inspiring Possibilities Estate Planning Guide: A Tax, Benefits, Trusts, and Wills Toolkit for Ontarians with Disabilities on September 15th, 2016.
Written by legal, tax and accounting professionals who specialize in supporting people who have a disability and their loved ones, the 112-page, seven-chapter digital book provides pertinent information on various topics including Will and Trust planning, consent, capacity and legal decision-making, the Ontario Disability Support Program, the Disability Tax Credit and the Registered Disability Savings Plan.
People who want to know their options and when to seek out professional support can visit www.PlanInspiringPossibilities.ca to download a free copy of the guide.
The Law Foundation of Ontario contributed $15,000 towards the development of the online resource.
Community Living Ontario Foundation
T: (416) 447 4348, ext. 229
Toll free: 1-800-278-8025
Charitable No. 811724756 RR 0001