Help Maintain Betel as a Centre of Excellence and Community for Seniors in Toronto!
A planned gift to the Bernard Betel Centre is the act of making a commitment of appreciation and thanks to the organization over a period of time or at the time of death. It is part of estate planning and assists the Bernard Betel Centre to plan financially for our future. By supporting the Bernard Betel Centre through a planned gift you are helping the centre prepare for the future of seniors’ in our community.
What is a Legacy Gift?
A legacy gift to the Bernard Betel Centre is an expression of appreciation and an investment in the future of the centre. It demonstrates the importance the centre has played in your or a loved ones’ life. There are a number of important ways to support the Bernard Betel Centre through leaving a legacy gift.
Charitable Bequest in Your Will
A charitable bequest can be made in your Will to leave some of your assets to the Bernard Betel Centre for Creative Living. This may be a sum of money, specific property, securities or a certain percentage of your estate.
Charitable Gift Annuities
A charitable gift annuity is a gift and contract between a donor and the Bernard Betel Centre for Creative Living in which the donor transfers property, such as securities or cash to the Betel Centre in exchange for its lifetime income.
Gifts of Publicly Traded Securities
The Bernard Betel Centre for Creative Living accepts gifts of publicly traded securities in the form of stocks, bonds, bills and mutual funds. By donating securities, you do not pay a capital gain thus resulting in a lower tax cost than selling the securities and then donating the cash.
Gifts of Pension Assets
Retirement funds (RRSP’s, RRIF’s or Canada Pension assets) can make an excellent charitable gift, as the tax credit will normally offset the tax on the distribution. You will avoid probate fees and withholding taxes, and allows the gift to bypass the estate and go directly to the Bernard Betel Centre for Creative Living.
Life Insurance
You can designate the Bernard Betel Centre for Creative Living as a beneficiary on a new or existing life insurance policy, or transfer the ownership of your policy to the Bernard Betel Centre for Creative Living directly with a pledge to pay the premiums each year. It is an affordable way to make a significant donation while experiencing income tax savings during our lifetime or for your estate. When you designate the Bernard Betel Centre for Creative Living as beneficiary your estate benefits from a tax deduction in the year of death, and/or the year preceding. Alternatively, if you transfer your policy and name the Bernard Betel Centre for Creative Living as the policy holder, you may receive tax credits annually on the premiums paid. You can also change your current life insurance policy to allow for the Bernard Betel Centre to be a primary, jointly shared, or contingent beneficiary.
Interested in Leaving a Gift to the Bernard Betel Centre?
There are a number of affordable and beneficial planned giving opportunities. If you would like to discuss making a planned gift to the Bernard Betel Centre, please contact Gail Gould, Executive Director at 416-225-2112 ext. 129 or email gailg@betelcentre.org.