Planned giving is the commitment to leaving a gift to a charity of your choice. Regardless of the amount of your income or assets, you can plan a legacy gift that will support an organization you care about. No planned gift is too small. Your planned gift to our foundation would represent a significant contribution to our mission while providing you and your loved ones with tax and estate planning benefits.

We have a range of planned giving options that may be of interest to you.

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Types of planned gifts

Bequests are the most common form of planned giving we work with. There are three types of bequests: specific bequests, in which the donor gives a specific dollar amount or specific property, such as art, real estate, or stocks; residual bequest, which gives the charity the remainder of the estate after taxes, expenses and other bequests; and contingent bequests, which are contingent on another event, such as the death of a beneficiary. Making a bequest to us requires writing your wish to make the gift into your will.

Endowment gifts involve a transfer of money or property, usually with the stipulation that it be invested and the principal remaining intact to provide for long-term and continual impact.

Although charitable gifts can be made at any time, due to the financial planning advantages of planned giving, it is wise to plan your contribution well in advance.

Due to the sensitive nature of planned giving, we recommend that in order to ensure your generosity is aligned with your giving and financial goals, you consult with legal and financial advisors.

If you have any further questions about planned giving, please contact our office at 780.342.8126 or foundation@covenanthealth.ca.