Get involved >Contribute to Change > Plan a gift
Think about change for tomorrow: Plan a gift
Bequests
You can make a commitment today in the work of FSA which will be realized in the future. You may even be able to make a significantly larger impact than you ever thought possible. By thinking about change for tomorrow, you can let FSA know about your intention to leave a bequest. This can be a sum of money, a percentage of your estate or a property. With a lawyer or tax planner’s assistance, you may also find strategies to reduce taxes.
Did you know:
- The gift of a bequest allows you to make a long-term commitment without affecting your current standard of living. It provides the comfort of knowing your assets are still available to you today if needed.
- Other than the cost of preparing the will, it doesn't cost anything to make a generous gift to FSA Toronto through a bequest.
- You can specify a dollar amount or a specific piece of personal property or you can specify a share or percentage of your estate.
- A bequest allows you to make a tax-effective gift. Your estate may claim charitable donations in the year of death equal to 100% of your net income (higher than the limit of 75% for living donors). Any unused charitable donations can be carried back to the previous tax year at the same higher rate.
Gifts of publicly Traded Securities
Making a donation of securities to FSA is a wonderful way to make an investment in the people we serve. You may be able to have an even bigger impact while reducing your capital gains tax liability and than you would by redeeming the securities and making a gift of cash. The value of your gift, for tax receipt purposes, is based on the closing price of the security on the day the securities are received by FSA.
You may instruct your broker to transfer your gift of securities electronically or via certificate. In either case, it makes sense to inform FSA of your intentions—preferably at least one day in advance of your planned transfer—so that we may thank you, notify our banking representative of when to expect your gift and ensure that your gift is used by FSA according to your wishes. FSA can provide you with all the necessary information as well as a form you can use will to help your broker arrange the transfer.
To discuss a planned gift or to learn more, please call Murray Rowe, Manager of Development, at 416-595-9230 ext. 242 or e-mail: murrayro@fsatoronto.com
