What is planned giving/legacy giving?
Legacy giving is a wonderful way to support the things you care about most, now and after you're gone. For many donors, it's also an important part of their estate planning and exemplifies the vision and forethought of their philanthropic beliefs. Also, by including charitable gifts in your estate planning, you may eliminate significant taxes payable upon your death.
By leaving a legacy gift for Multifaith Housing Initiative, you are helping to ensure that individuals and families in Ottawa who are homeless, or at risk of homelessness, find a safe affordable home in inclusive communities.
To discuss your legacy giving, please contact our Fund Development Manager at (613) 686-1825 or fund.development@multifaithhousing.ca.
The information provided is not a substitute for professional financial or legal advice. Consult a lawyer and/or financial adviser to determine which options are best for you and your family, and to maximize the tax advantages of your gift.
By leaving a legacy gift for Multifaith Housing Initiative, you are helping to ensure that individuals and families in Ottawa who are homeless, or at risk of homelessness, find a safe affordable home in inclusive communities.
To discuss your legacy giving, please contact our Fund Development Manager at (613) 686-1825 or fund.development@multifaithhousing.ca.
The information provided is not a substitute for professional financial or legal advice. Consult a lawyer and/or financial adviser to determine which options are best for you and your family, and to maximize the tax advantages of your gift.
How do I make a legacy gift?
1) Leave a gift in your will (bequest)
A bequest is a gift from your estate. It may reduce your estate taxes. You can give as much or as little as you want and you can always change your mind. Just add a phrase about your intention using our legal name and Canadian charitable number: Multifaith Housing Initiative, BN 85666 3083 RR0001.
You can name a specific dollar amount or a piece of property, such as a home or securities. Suggested wording: I give to Multifaith Housing Initiative, charitable number BN 85666 3083 RR0001 the sum of $_______.
Or, you can leave a residual gift to us — a percentage of what’s left of your estate after you take care of your loved ones. This protects your intent while ebbing and flowing with inflation or any other change. Suggested wording: I give to Multifaith Housing Initiative, charitable number BN 85666 3083 RR0001, ____ per cent of the residue of my estate.
2) Donate a life insurance or retirement plan
You can name Multifaith Housing Initiative as the owner or beneficiary of your life insurance policy or retirement plan. Contact your retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.
A bequest is a gift from your estate. It may reduce your estate taxes. You can give as much or as little as you want and you can always change your mind. Just add a phrase about your intention using our legal name and Canadian charitable number: Multifaith Housing Initiative, BN 85666 3083 RR0001.
You can name a specific dollar amount or a piece of property, such as a home or securities. Suggested wording: I give to Multifaith Housing Initiative, charitable number BN 85666 3083 RR0001 the sum of $_______.
Or, you can leave a residual gift to us — a percentage of what’s left of your estate after you take care of your loved ones. This protects your intent while ebbing and flowing with inflation or any other change. Suggested wording: I give to Multifaith Housing Initiative, charitable number BN 85666 3083 RR0001, ____ per cent of the residue of my estate.
2) Donate a life insurance or retirement plan
You can name Multifaith Housing Initiative as the owner or beneficiary of your life insurance policy or retirement plan. Contact your retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.
Thank you!
If you’ve already arranged a legacy gift you are under no obligation to tell us about it. But we would love to acknowledge your thoughtfulness! You may inspire others to do the same. Some donors send us basic details. Some include a photocopy of the portion of their will that refers to us. Anything you share with us is strictly confidential and non-binding — you can always change your mind. If you want your gift to remain anonymous, we will of course respect your privacy.
