One of our greatest gifts in life is to leave a legacy. Whether you are 32 or 62, it's never too early to start planning. The Robin Hood Foundaion can help you achieve your philanthropic goals. By applying sound investment principles to charitable giving, the Foundation can ensure that your dollars have the greatest impact in transforming the lives of people with disabilities.
The Legacy Club was formalized in 2006. Its purpose is to recognize individuals who have included the Robin Hood Association in their financial estate plans. The Legacy Club has grown as generous donors recognize how a variety of giving options can maximize their charitable contribitions, provide substantial tax savings and improve the lives of children and adults with disabilities now, and for generations to come.
You can become a member of the Legacy Club by making a planned gift to the Robin Hood Foundation. Regardless of your age or current income, there are several beneficial ways to give including bequests, life insurance and/or trust arrangements.
Use of Retirement Funds: If you are enrolled in an RRSP/RRIF or other similiar program, you can make a charitable gift of all or a portion of any funds remaining in that registered retirement vehicle at death. Recent changes to the tax act allow tay payers to receive credit for charitable giving, up to 100% of their income in the year of death. You can even insure the RRSP so that your family receives full value for unused RRSP assets, and Robin Hood receives the planned gift.
Gifts That Keep Giving: There are numerous types of gifts, such as annuities, that can provide a lifetime of funding for the Foundation. Many of these gifts are permanent and also provide tax benefits.
Other Life Insurance Options: A donor may wish to make a charitable gift of an asset to the Robin Hood Foundation now or at death (i.e. home or property). The donor sets up special insurance coverage in a similar amount to the fair market value of the estate that is being given to the charity. Upon death of the donor, heirs receive tax-free proceeds of the insurance coverage in lieu of the asset donated to the charity.
Bequests: Should you choose to include the Foundation as a beneficiary in your will, the Foundation can assist you by providing examples of "will clauses" for your bequest. This method of giving allows you the flexibilityto choose what you want to give.
Charitable Trusts: You can transfer an asset, such as real estate, artwork, jewelry or other similar assets to the Foundation now, and retain an interest for life in the asset. You have the use and enjoyment of the asset during your lifetime and you will receive a charitable tax receipt for the present value of the asset.
Personal Benefits of Participating in the Legacy Club: Donors benefit from planned giving options by becoming eligible for tax and estate planning advantages. Donors also benefit from knowing their gift will ensure the continued presence of the Robin Hood Association in the community. Robin Hood staff are available to provide additional information about the Legacy Club. They would be pleased to provide you with names of professionals who can assist you in planning the fulfillment of your financial needs and desires.
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