Way To Donate

– a whole estate

– a fixed amount

– real estate

– a residual amount—eg., a share or a percentage of your estate.

          Life Insurance Policy – an affordable way to create a significant legacy.

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Three ways to donate Life Insurance Policy:

 

Advantages  of Life Insurance gift:

1. they are affordable

2. your estate receives a charitable tax receipt based on the way the insurance was gifted

3. gifts of life insurance are not included in the probate  (they are outside of the will), so the charity  gets them right away

4. your gift will be recognized in our publications

 

For more information, please contact  Janine Kuzma, B.A., CFRE, member of the Canadian Association of Gift Planners,  UCC National Fund Development Manager,  416.524.7665 or janine.kuzma@ucccetrust.ca

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Publicly Traded Securities & Shares are accepted by the UCC National & UCC (C&E Trust). Securities are appraised immediately upon transfer and the donor is provided with a tax receipt for the fair market value of the securities based on the closing bid of the share on the date of transfer. Donors making a gift of shares acquired through an employee stock option plan of a publicly-traded company benefit from the favourable treatment of a zero capital gain inclusion rate. To be eligible for this benefit, you must donate these shares in the same calendar year and within 30 days of their acquisition.

Benefits of gifts of stocks and securities:

1. the capital gain inclusion rate is zero when eligible stock or securities are donated directly to the UCC C&E Trust. If you sell the shares and donate the proceeds, you will be required to pay capital gains tax

2. the value of your charitable tax receipt will be based on the market closing price on the day that UCC C&E Trust receives your stock or securities

3. donors making a gift of shares acquired through an employee stock option plan of a publicly-traded company benefit from the favourable treatment of a zero capital gain inclusion rate. To be eligible for this benefit, you must donate these shares in the same calendar year and within 30 days of their acquisition

4. your gift will be recognized in our publications

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For more information, please contact  Janine Kuzma, B.A., CFRE, member of the Canadian Association of Gift Planners,   UCC National Fund Development Manager,  416.524.7665 or janine.kuzma@ucccetrust.ca

Annuity involves the transfer of cash or property to the UCC-National (C & E Trust) in exchange for a partial tax deduction and a lifetime stream of annual income. Depending upon your age, this income maybe 100 %  tax-free.

A portion of the total contribution is used to purchase the annuity from a licensed insurance company, while the balance is retained by the UCC C&E Trust as an immediate donation, for which you receive a charitable tax receipt.

Benefits of donating Annuities:

1. you receive a guaranteed income for life. Annuity rates are typically much higher than the return on guaranteed income investments

2. depending on your age, a substantial portion or all of the annuity payment is tax-free

3. you receive a charitable tax receipt for the gift portion

4. it allows you to eliminate capital gain tax when you donate long-term appreciated assets

5. provide long-term support to your favorite causes

6 your gift will be recognized in our publications

 

Example — a charitable gift annuity for an 80-year-old:

A transfer of $80,000 gives an annual payment of $,3500.00, guaranteed for life, while $30,000 becomes the gift portion and the amount of the charitable tax receipt.

UCC National or UCC C&E Trust will accept pledge commitments. The commitments to a pledge are not eligible for a tax receipt, but the payments to pledge are.

• You receive a charitable tax receipt for the paid gift.

For more information, please contact  Janine Asya Kuzma, UCC National Fund Development Manager,  416.524.7665 or janine.kuzma@ucccetrust.ca

DID YOU KNOW?

UCC-National  (C&E Trust) can be named a beneficiary on registered retirement plan documents. A tax receipt for the value of the investment gift will be issued to the donor’s estate and applied towards the final income tax return. Alternatively, the donor can make a bequest to UCC  C&E Trust  (this option is subject to probate) of value to that of RRSP/RRIF proceeds received by the estate.

Benefits of planned gifts of RRSPs, RRIFs, and TFSAs:

1. remaining funds in most RRSPs/ RRIFs/TFSAs become fully taxable as income in the year of death, usually at the highest tax rate. Naming the UCC C&E Trust as the direct beneficiary of such plans generates a charitable tax receipt which will offset this tax

2. these types of gifts provide privacy as they are not part of your will, and there is no cost in creating them

3. the balance of your retirement fund flows outside your estate, therefore it is not included in the probate

4. your gift will be recognized in our publications

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For more information, please contact  Janine Kuzma, B.A., CFRE, member of the Canadian Association of Gift Planners,  UCC National Fund Development Manager,  416.524.7665 or janine.kuzma@ucccetrust.ca

A Designated Fund represents a sum of money set aside within the Congress or Trust for a special or designated purpose. The annual income earned from investing the capital of each Designated Fund is disbursed in accordance with the instructions of those establishing such a fund to the designated beneficiary of the fund. These can include a specific cause, project or area of interest.

A Designated Fund provides an opportunity for an individual, family, organization, or institution to make a lasting contribution to the community and carry its name into perpetuity.

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For more information, please contact  Janine Kuzma B.A., CFRE, member of the Canadian Association of Gift Planners, UCC National Fund Development Manager,  416.524.7665 or janine.kuzma@ucccetrust.ca