September 2019 –Charitable Giving has become even more flexible and attractive as creating your own Charitable Giving Trust is now an option starting with as little as a $10,000 donation. The many benefits of these charitable giving programs include: • Tax Efficiency: You receive an immediate tax receipt for your donation. Unused credits may be carried forward for up to 5 years. No capital gains taxes are realized on gifts of long-term appreciated publicly-listed stocks, bonds and mutual funds. • Low Cost Alternative: Compared with the expense of setting up and maintaining a private foundation, these programs are an inexpensive way to manage a sizeable gift. • Flexibility: You can recommend grants to any number of charities or other institutions each year, with minimum grants of only $250. • Convenience: All the administrative tasks are handled for you (i.e. issuing cheques, record-keeping, grant reporting and tax receipts) If creating a lasting legacy and helping your favorite causes is important to you, it’s worth exploring the new options now available.
Charitable Giving Trusts
by Heidi Pullem | Oct 11, 2019 | Tips