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Planned
giving:The SACL's
vision for the future is a world where people are valued and live
lives of their choice. The Association offers five planned giving
programs to encourage people to become a benefactor while receiving
tax benefit for support.
Bequest
in a will: A bequest allows
a benefactor to make a difference in the community by making a gift
of cash or property in their will. This is a simple method of giving
to a charity and is an integral part of an estate plan. The gift
can be tailored to an individual's wishes and can provide a tax
benefit to the estate.
Life insurance:
A gift of life insurance to the SACL allows an individual to make
a significant contribution at a relatively modest cost. The gift
can be of an existing policy or a new one. Properly structured,
the gift can provide tax benefits to the donor or the donor's estate.
Gifts of
residual interest: A donor might continue to enjoy his or her prized possessions, yet support
the Association at the same time. This type of deferred gift allows
the donor to make the donation, but still enjoy the gift until death.
A donor might give the residual gift of artwork or real estate to
the SACL to be given over at the time of death. This gift requires
that the property be irrevocably transferred to the charity. The
donor is then entitled to a tax receipt for the current value of
the residual interest.
Charitable
remainder trust: In this type of planned gift, the donor creates a trust funded with securities,
real estate or cash. An irrevocable gift of the remainder interest
in the trust is made to a charity like SACL. The donor retains the
income for the rest of his or her life, or for a specified number
of years. This deferred gift can provide benefits to the donor and
his or her estate as well as supporting the Association's work.
Gift plus
annuity: This plan combines
the donor's gift to the Association with an annuity that the Association
purchases on behalf of the donor through a licensed insurance company.
Donors will receive a tax receipt at the time of the donation, and
guaranteed annuity payment during their lifetime.
Call the Fundraising
Coordinator, ph: (306) 955-3344; fax: (306) 373-3070 or email: [email protected].
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