Legacy Giving
What is your WILL?
Create your legacy today.
Cornerstone has a legacy of changing lives. When you leave a gift in your Will, you will join a special group of donors who have made planned or future gifts to Cornerstone. Leaving a gift in your Will can offer many benefits for you and your loved ones including:
- Your income today is not affected.
- Peace of mind knowing your estate is arranged and your heirs are taken care of first.
- Ensuring your values live on and that you are creating a legacy that will make a lasting difference to the causes you believe in.
Which type of legacy gift is right for you?
Future gifts can come in many forms. Find the gift that’s right for you:
Gift in Your Will
Leaving a bequest in your Will is the most popular and easiest way to make a future gift. It has no effect on your current income and significantly reduces the taxes payable by your estate. Your gift can be a specific amount, stocks or securities, or a percentage of your estate.
Leaving a legacy of a violence free future can be as simple as including a line like the following in your Will:
I direct my trustees to deliver, pay or transfer the sum of $_______ in cash or in kind or _______% share of my estate to Cornerstone Family Violence Prevention Centre to be used where it is needed most.
Our legal name, for the purposes of making a bequest, is Cornerstone Family Violence Prevention Centre, and our charitable registration number is 11930 2289 RR0001.
Life Insurance
You can designate Cornerstone Family Violence Prevention Centre as a beneficiary or co-beneficiary on an existing life insurance policy, and your estate will receive a tax credit. Or transfer a new life insurance policy over to us and receive a tax receipt for your annual premiums.
Retirement Plans (RRSPS/RRIFS)
You can designate Cornerstone Family Violence Prevention Centre as a beneficiary or co-beneficiary on your residual RRSPs and your estate will receive a tax credit.
Charitable Remainder Trust
By establishing a charitable remainder trust you can receive a steady income for life while saving on your taxes right away.
Establish an Endowment Fund
Establishing an endowment to support Cornerstone can help ensure vital services and high-quality programs will always be available – services and programs that are grounded in current research and administered by the most highly-skilled staff.
What is an Endowment?
An endowment is a permanent fund. Endowment funds are pooled for maximum benefit and invested to achieve long-term capital growth. Contributions are irrevocable and become assets of the organization.
Endowment funds provide financial strength and stability to allow Cornerstone to offer the very best programs and services to our clients and community in the future, while creating a lasting, permanent legacy. Funds given to the endowment program are invested permanently, only a portion of the income is expended annually.
Fast Facts on Endowment
- Named endowment funds are established at a minimum donation of $20,000.
- Endowments are held in perpetuity; only a portion of the investment income earned on the principal is spent.
- Endowment funds can be established and named in honour or in memory of a family member or loved one as a permanent tribute.
At Cornerstone, we can help you set up a gift in your Will in the most tax efficient way. We encourage you to seek independent counsel before making a legacy gift, however, we are here to help with your legacy giving questions. Please contact us for more information.
Carly Cunningham
Manager of Communication & Donor Relations
905-372-1545 ext. 236
ccunningham@cornerstonenorthumberland.ca