Legacy Fund
Building a Legacy for the North Thompson Valley
What is a Legacy Fund? A Legacy Fund is a type of charitable fund that is established to support a specific cause or organization over an extended period of time, often in perpetuity. It is typically funded by a significant donation or bequest, and the principal amount of the fund is invested to generate income that is then used to support the designated cause. Legacy funds can be established by individuals, families, or corporations. They are a powerful way to leave a lasting legacy and make a significant difference in your community.
Key characteristics of a Legacy Fund:
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Purpose-driven - Legacy funds are established with a specific purpose in mind, such as supporting education, environmental conservation, or community development.
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Long-term impact - They are designed to have a lasting impact, often providing support for generations to come.
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Investment-based - The principal amount of the fund is invested, and the income generated from these investments is used to fund grants or programs.
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Flexible - Many legacy funds offer flexibility in how the funds can be used, allowing for adaptation to changing needs and priorities.
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Tax benefits - Donors who establish legacy funds may receive significant tax benefits.
Setting Up a Legacy Fund
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$1,000 minimum
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Start your legacy with a nameable fund that reaches its
full potential when you include a gift in your will for at least $9,000. -
You’ll get lifetime support from our team.
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Donor Advised Legacy Fund
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$10,000 minimum
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Start supporting your favourite charities or causes immediately.
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You’ll get lifetime support from our team.
Tax Benefits of Charitable Bequests in Canada
Why Giving to the North Thompson Communities Foundation Makes Financial Sense
Many donors are surprised to learn that the Canadian tax system covers a significant portion of their charitable giving. By planning your gift strategically, you can support the North Thompson Valley while preserving more of your estate for your loved ones.
The North Thompson Communities Foundation will issue an official donation receipt to the Estate for the full value of the bequest. This can be used to significantly reduce the tax payable on the donor's final tax return.
To maximize tax savings, the Estate can donate publicly traded securities (stocks/bonds) directly to the Foundation, which eliminates the capital gains tax on those specific assets.
For more information, read the following resources: