Making a planned gift to the St. Andrew’s Society of Montreal enables you to build a lasting investment in Montreal and Quebec’s Scottish culture for future generations. After careful consideration of your personal and family needs, you can contribute a planned gift that fits your financial situation. It provides significant tax advantages, which means you can support the Society while enjoying tax savings that benefit you and your family.
Planned gifts are not just for the wealthy. People of modest means can make a meaningful contribution to the society through a planned gift.
Below are some options for your consideration, as you plan your gift.
A charitable bequest to the St. Andrew’s Society is a gift made through your will that is distributed by your estate.
Giving a life insurance policy is one way to maximize your contribution. It enables you to make a significant gift to the Society with minimal outlay of current savings or income.
Gift of Securities
Donating securities may eliminate the capital gains tax on your investments. Canadian law currently allows you to donate traded securities, mutual funds, and bonds to registered charities without having to play capital gains tax. To avoid paying capital gains tax, the securities must be transferred directly to the Society and not cashed first.
Naming a charitable organization such as the St. Andrew’s Society as beneficiary of your RRSPs and RRIFs would result in a charitable donation tax credit that would offset taxes owed.
Charitable Remainder Trusts
A charitable remainder trust will allow you to make a gift now, receive immediate tax benefits and continue to receive the income for as long as you, or you and your spouse, live, or for a specified number of years.
For additional information please contact our Executive Director Margo Pollock at 514-842-2030 or firstname.lastname@example.org.
With your support, here is how we helped in 2019: