Planning Your Gift
Remembering the Lung Association of Nova Scotia and Prince Edward Island with a planned gift is a way of giving that is thoughtful, generous and supports the 1 in 5 people living with lung disease. By making a planned gift today you are part of a growing community that is ensuring our work will continue well into the future. Remember, you don’t need to be wealthy to make a big difference.
Gifts in Wills and Estates
Making a gift in your will is simple and you still retain control of your assets. You can bequeath cash, securities, property or even a percentage of your estate. Your estate receives a charitable tax receipt that can decrease (or even eliminate) estate taxes. As you consider making a planned gift, you may wish to begin by having a conversation with your family and talk with your lawyer about creating or updating your will.
Gifts of Securities
By donating securities to the Lung Association of Nova Scotia and Prince Edward Island, you eliminate the capital gains tax that you would have paid if you sold the securities and donated the proceeds. Securities can include stocks, mutual funds, and employee stock options.
Gift of Life Insurance
A gift of life insurance can be a powerful legacy. You can donate a new policy or transfer an existing policy. You can choose to designate the Lung Association of Nova Scotia and Prince Edward Island as the owner and beneficiary, or name us as the beneficiary of your policy and retain ownership. As there are a variety of options when considering a gift of life insurance, there are also charitable tax benefits associated with each type. If you are considering a gift of life insurance, contact your insurance broker to have your questions answered.
Other types of planned gifts
There are other types of planned gifts. You can name the Lung Association of Nova Scotia and Prince Edward Island as the beneficiary of any RRSP, RRIF or TFSA accounts that you have. You can also gift properties, trusts, or annuities. This can include real estate, works of art, or jewellry.