Discover Your Options

Understanding why you want to make a charitable gift can help you make decisions about the type of gift you want to make and who you want to give it to. First determine if you wish to leave a gift now so you can enjoy the satisfaction of seeing your gift at work or if you wish to plan a legacy gift for future generations to enjoy.

No matter your circumstance, there are gift options for you to discuss with your professional advisors. Generally, gifts are divided into those that you make in your lifetime and those that will be made after your death, such as a bequest.

Gifts You Can Make Now 

 

 

Gifts of Cash

Outright gifts of cash are welcomed. These are the simplest and most common form of gift, and are greatly appreciated. You will see your gift put to work immediately!

Commemorative Gifts

People who wish to honour other people or commemorate life’s milestones often make tribute donations in lieu of gifts or flowers.

Gifts of Securities

Publicly traded securities include stocks, bonds and mutual funds containing stocks listed on approved stock exchanges. They make excellent charitable gifts.

Gifts of Life Insurance

There are two types of gifts of life insurance: 1) The ownership of the life insurance policy is irrevocably transferred to Hamilton Conservation Foundation, or 2) The Foundation is named as registered beneficiary to receive proceeds of the policy, but is not the owner.

Gifts of Tangible Personal Property

Tangible property includes art works, books, household furnishings, automobiles, equipment and collections.

Gifts of Land & Covenants

A gift of real estate or certain rights to the land (covenants, easements, servitudes) that are not eligible for ecological gift status or that do not have ecological values may also be valuable to the Foundation.

Ecological Gifts

Owners of ecologically sensitive private land have the option of making a certified ecological gift (ecogift) to the Hamilton Conservation Foundation and receive significant tax savings.

Gifts of Retirement Funds

If not needed for retirement purposes, a donation of all or part of your RRSP or RRIF  can be done now or upon death.

Split Receipt Gifts

Split receipting allows for a partial sale and partial gift of property.

Gifts of Corporate Shares

Family businesses constitute a high percentage of Canadian business and account for the majority of new jobs. The entrepreneurs who started these businesses are often community-minded.

Estate & Deferred Gifts

There are many options available when planning an estate gift. You can choose to bequeath cash, life insurance, RRSPs, RRIFs, or gifts of property to the Foundation and each has different types of tax benefits.  

 

 

 

Charitable Bequests

A charitable bequest is a gift made in your will. There are different kinds of bequests. You can designate a specific dollar amount, a particular asset, a fixed percentage or a residual portion of your estate to the Hamilton Conservation Foundation. 

Gifts of Life Insurance Proceeds

You can make a gift of personal or group life insurance by naming the Hamilton Conservation Foundation as your beneficiary. You still control the policy, and the Foundation will receive the insurance proceeds upon death.

Gifts of Retirement Funds

If not needed for retirement purposes, a donation of all or part of your RRSP or RRIF  can be done now or upon death.

Charitable Gift Annuities

A charitable gift annuity is an arrangement under which a donor transfers a lump sum to a charity in exchange for fixed, guaranteed payments for the life of the donor and/or another person, or, alternatively, for a term of years. All or a substantial portion of the annuity payments will be tax-free.

Gifts of Residual Interest

A residual interest gift is an arrangement where a donor irrevocably gives real estate or personal property to a charity while retaining the right to use the property for life or for a term of years. You will receive a charitable receipt for the present value of the property when the gift is made. Upon death, the Foundation receives the deed of property.

Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a planned gift where a donor irrevocably makes a gift to a charity or charities through a trust agreement. The donor contributes cash, securities, real estate or other investments like term deposits or certificates of deposit to the trust and receives an immediate donation receipt for the present value of the donated remainder interest.

 

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