By leaving a planned gift to Ally, you can honour the values you held during your lifetime while ensuring there is continued support for survivors of human trafficking in the future.
Adding a clause in your will can create a legacy for your community and will offset estate taxes for your family.
Bequest in a Will
Life Insurance
Donating stocks, mutual funds or other types of marketable securities to Ally Global Foundation exempts you from paying tax on capital gains.
Securities
Ways to Give
By adding Ally Global Foundation as a beneficiary, you will create a gift for years to come. You retain ownership of your policy and, upon your death, your estate will be eligible for a donation receipt to offset taxes.
Adding Ally Global Foundation as a beneficiary to your registered investments will allow you to avoid probate fees and reduce your taxes.
Retirement Funds
Gift an in-kind gift or property to Ally Global Foundation and receive a tax receipt for the appraised value of the gift.
Non-Cash Gifts
Tax Benefits
Most people don’t know that they are capable of leaving a larger gift in their estate than would have been possible in their lifetime, while offsetting the tax burden on beneficiaries.
Tax benefits for leaving a gift in your will:
At the time of your passing, your estate will be taxed on all income generating assets (RRSP’s, RRIF’s, income, etc). However, you can use charitable contributions to offset the payment due from your estate or your beneficiaries.
Your estate or beneficiaries will also receive a tax receipt for the charitable gift, and can claim a tax credit for the full amount of your gift, up to 75% of net income.
By using donation tax credits in this manner, you can offset the payments your beneficiaries will owe while contributing to causes you are supporting throughout your lifetime.
Additional tax benefits for publicly traded securities:
If you gift securities to a registered charity, they are not subject to capital gains tax while also maintaining the tax credit benefit for your estate.
Value of Estate:
$500,000
Charitable Bequest:
$108,300
No Charitable Bequest
Tax Credit:
$49,550
Tax Owing:
$49,550
Left for Heirs:
$391,700
Left for Heirs:
$450,450
Heirs can claim this tax credit.
Heirs must pay this tax.
*Donation tax credits vary from province to province. Ensure that you are clarifying specific tax questions with your financial advisor/legal counsel ahead of planning a legacy gift.
**All tax advice should be taken from legal and tax advisors, this is not meant to replace legacy planning advisor recommendations.
Prepare your legacy gift.
Don’t have a will?
Registered Charity Name:
Ally Global Foundation
Registered Charity Number:
85941 1027 RR 0001
Address:
PO Box 46817
Vancouver, BC, V6J 5M4
Contact:
nikki@ally.org
Registered Charity Name: Ally Global Foundation
Registered Charity Number: 85941 1027 RR 0001
Address: PO Box 46817 Vancouver, BC, V6J 5M4
Contact: nikki@ally.org
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