Planned Giving

Planned Giving & Bequests

One of the most thoughtful ways to ensure the Lung Association of Nova Scotia continues to reach out to those with lung disease in the future is to leave a planned gift. This selfless gesture will touch many lives in the years to come. Planned gifts can be bequests (a gift made in your will), annuities (stocks and securities), life insurance or regular pre-authorized contributions (monthly giving).

Planned giving offers several advantages:

  • Maximize your tax credits when you make a gift
  • Offset tax owing on a capital gain when you give appreciated property
  • Eliminate the capital gains tax on gifts of appreciated, publicly-listed securities
  • Reduce taxes payable at your death
  • Create your legacy of support for today... and forever

Your rewards will be more than the tax savings. There are the personal and emotional rewards of helping others. Helping others creates cherished and tender moments that can't be duplicated in any other way.

Would you like more information on planned giving? Your personal circumstances will determine the best structure for you and we will be glad to answer questions and offer suggestions confidentially. Please phone, write or email:


Louis Brill, President and CEO
The Lung Association of Nova Scotia
(902) 443-8141 or toll free in NS (888) 566-5864
louisbrill@ns.lung.ca

The information on this web site is intended to provide accurate information regarding planned giving to the Lung Association, but is not intended as legal, accounting, tax, investment, or other professional advice. If such advice is required, the services of a competent professional should be sought.

Wills & Bequests

Your will is a practical and secure way to leave a legacy for the future.
The importance of having an up-to-date Will cannot be overestimated. Through your will, you can make provisions for:

  • the financial security of your family
  • the naming of guardians for young children
  • property distribution
  • funeral instructions
  • financial gifts to causes that you support to ensure that your beliefs live on and the work you supported in your lifetime will continue.

By constructing your will carefully, you can take into account your personal wishes and priorities.

We recommend that you seek the professional advice of your family lawyer and a financial adviser when drawing up your will. Your lawyer can draft or amend your will to include a bequest to the Lung Association of Nova Scotia if you choose. Your financial planner can advise you on how to obtain optimal tax benefits for various forms of charitable gifts.

Perhaps you have already made a provision in your will to leave a lasting legacy to the Lung Association. If so, we would very much appreciate hearing from you, so that we may properly thank you. We assure you that any details you provide will be kept completely confidential.

Life Insurance

For many people, naming the Lung Association of Nova Scotia as a beneficiary of a life insurance policy provides an optimum combination of immediate and long-term tax benefits, affordability, and the satisfaction of leaving a significant sum of money to perpetuate the work we all believe in.

Few other forms of planned giving provide so many benefits to the donor.

Gifts of life insurance can involve old policies which are no longer needed, current policies, or the purchase of new policies. They can be combined with your estate plan to benefit both your estate and your favorite charity.

The amount of the gift is guaranteed and is not reduced due to taxes, probate or administrative costs. Premium payments are eligible for tax receipts, and unlike an RRSP, life insurance is not taxable and is distributed intact after death.

Stocks & Securities

Thanks to the recent tax changes made by the Federal Government, it's become a more cost effective gift than ever before to donate gifts of securities and stock to the Lung Association.  Donating securities to the Lung Association of Nova Scotia benefits you and your family today, while serving your community for a lifetime.

On May 2, 2006 the Federal Budget exempted charitable donations of publicly listed securities from capital gains tax.  This means that if you transferred gifts of marketable securities such as stocks, bonds, or mutual funds directly to the Lung Association of Nova Scotia, you would not pay tax on the capital gains.  Compared to the usual tax on 50 per cent of the capital gains when a security is sold or transferred, the savings are very clear and the benefits to our charity are exciting!

All securities donated to the Lung Association of Nova Scotia are sold upon receipt, with the net proceeds directed to the area of greatest need or to the fund you designate.  The amount of your charitable gift receipt is determined by the closing price on the day the Lung Association receives the securities into our account.

 

Whatever form of planned giving is most appropriate to your own circumstances, each gift assists the Lung Association's long-range financial planning. Your planned gift will guarantee that we will always have the resources to carry on our mission.

 

We would be happy to provide you with additional information about the full range of planned giving options. Your personal circumstances will determine the best structure for you and we will be glad to answer questions and offer suggestions confidentially. Please phone, write or e-mail:

The Lung Association of Nova Scotia
(902) 443-8141 or toll free in NS (888) 566-5864

Page Last Updated: 15/09/2016