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Donate :: Planned Giving
Childhood cancer research has extended the life
of many kids. Those that have fought and beaten
the disease often have a decreased quality of
life due to the effects of current cancer treatments.
Funds are continuously needed to improve the treatments
children receive and to ultimately find a cure
once and for all.
Most people have the ability to make a planned
gift part of their financial plan. A carefully
arranged gift can be tax effective, and at the
same time balance the financial needs of you and
your family. It can allow you to leave a lasting
personal legacy and, depending on the gift, can
provide your favorite charity with a more stable,
predictable inflow of funds over the long term
without reducing your estate available to your
heirs or jeopardizing your future financial independence.
Some common types of gifts are:
Bequests - A charitable bequest
is a gift made through your will. Your gift
to the Michael Cuccione Foundation can be a
specified percentage of your estate, a piece
of property, or a certain sum of money
Life Insurance - Minimal insurance
premiums today can result in a significant gift
in the future. If the Michael Cuccione Foundation
is listed as beneficiary on your life insurance
policy, the annual premiums will represent tax
deductible donations. The Foundation can be
listed as beneficiary, or ownership can be given
to the Foundation on a new or existing policy.
RRSPs and RRIFs - You can designate
the Michael Cuccione Foundation as the beneficiary,
or one of the beneficiaries, on your Registered
Retirement Savings Plan or Registered Retirement
Income Fund. Your estate will receive a tax
receipt for the amount transferred benefiting
the heirs of your estate.
Property & Publicly-Listed Securities
- You may have assets you can donate such as
real estate or other tangible assets with value
that would provide immediate benefits to the
Foundation. If you hold a portfolio of stocks,
bonds, or mutual funds you can cash them or
transfer them to the Michael Cuccione Foundation.
There is preferential tax treatment seen on
appreciated securities.
Charitable Remainder Trusts
- You can donate an asset during your lifetime
and receive a guaranteed income for life, or
for a pre-determined period of time. Upon your
death, or once the time pre-determined is reached,
the asset remaining is transferred to the Foundation.
The above noted gifts may require consultation
with family members and will require advice from
qualified individuals. Please ensure you consult
with legal and financial professionals to plan
the best way to make a lasting difference. This
section is intended to merely provide a starting
point for discussions with your financial advisor;
it is not intended as legal advice.
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