What is planned giving?

Planned giving is a way to support a charity, such as the Bob Mizer Foundation, now or in the future. A planned legacy gift is any planned major gift that is part of a donor’s overall financial and/or estate planning.

What type of assets do people usually bequest to the charity?

People often donate cash or other assets such as life insurance. Other common types of planned giving include annuities, real estate, public company shares and charitable remainder trusts. It is possible to tailor these types of gifts to the needs of the charity and the personal financial and income tax situation of the donor.

What about income tax?

Donations will usually result in income tax savings to the donor or exemption from estate tax. Income tax rules can be complicated and one should always seek professional advice.

What do my friends mean when they say that they have set up an endowment fund?

You can make a donation to a charity to create an endowment fund. The actual money is invested, and the charity only uses the annual income from the investment, not the capital. Therefore, the original donation and resulting investment is preserved intact. Endowment funds can be named or unnamed. A named fund is a wonderful way to honour or memorialize loved ones.

How do I go about making such a gift to the Bob Mizer Foundation?

Many donors have the support of a qualified life insurance consultant that should be well versed in the area of planned giving. A consultant can anchor the process and draw in the expertise of the family accountant and lawyer, as required, depending on the complexity of the plan.

For more information, please contact us with the form at the bottom of this page.