Planned Giving




Bequests and Other Planned Gifts

You can help fill your community’s growing need for inspiring arts opportunities by including Arts Etobicoke as part of your estate plan.

Each legacy gift, no matter the size, improves the possibilities for a creative community where:

• Children and Youth Thrive through the Arts
• Artists are Valued and Supported
• The Arts are Available to Everyone

In addition to supporting and expanding local engagement in the arts, legacy gifts may offer effective tax planning options for your estate.

GIFTS IN YOUR WILL


You may designate a specific gift amount or contribute a portion of your estate’s assets. Make sure to discuss with your family, lawyer, accountant and financial advisor in choosing the option that best suits you.

Benefits of naming Arts Etobicoke in your will:
• Your cash resources won’t be affected while you need them
• Gifts made in your will can reduce final income tax and estate taxes
• Ensures that your loved ones and executors know your wishes

GIFTS OF APPRECIATED SECURITIES


Another tax effective way to make a legacy gift is by donating appreciated securities such as publicly traded shares, bonds or mutual funds. You will receive a tax receipt for the full donation amount. In addition, with this type of donation, your taxable capital gain is eliminated.

More information about tax benefits of donating securities can be found on the Canada Revenue Agency website

See also this Canada Helps article which outlines the benefits of donating securities.

GIFTS OF LIFE INSURANCE

There are several ways in which an insurance policy can be used as a legacy gift, and options should be discussed with your insurance broker and accountant.

GIFTS OF REGISTERED INVESTMENTS (RRSP/RRIF)

You could consider designating Arts Etobicoke as the beneficiary of your registered investment. Your gift will be treated as a donation in the year of death or in your estate. You will receive a tax receipt for the full donation amount.

To learn more about the ways your gift can make a difference, please contact Ruth Cumberbatch, Development Manager at 416.622.8731 x222 or
ruth@artsetobicoke.com

This information is not intended as legal, tax or financial advice. When considering any gift of securities, investments or life insurance in the context of your estate plan, it is recommended that you obtain proper and independent professional accounting, tax and legal advice.

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