Let a Sigh of Relief Be Your Legacy
Remember a time when a family member or friend struggled with the daily task of meal preparation - the planning, the shopping, the chopping, the cooking, the cleaning. When a new client signs up for our service, we can hear the sigh of relief as they realize our meals will now be there to help them. Your legacy gift will ensure Calgary Meals on Wheels will always be there to provide the comfort of healthy, delicious meals, so our clients don’t have to face their challenges alone.
Your legacy is an extension of who you are and what you care about. Leaving a gift to charity is an impactful way to shape your legacy to reflect your values, and Calgary Meals on Wheels would be honoured to be considered in your legacy giving plan.
Gifts for the Future
There are several gift options with different financial, legal, and tax implications. We gratefully accept the following kinds of gifts:
A Gift in Your Will: The simplest way to leave a gift to Calgary Meals on Wheels is by adding a clause to your Will - a bequest. It doesn’t have to be complicated - it can be as simple as one sentence. Here are the most common ways that people make a lasting gift to Calgary Meals on Wheels:
Residual bequest - A percentage of the remainder of your estate after other specific legacies have been fulfilled.
Specific bequest - A specific dollar amount, stated fraction of your estate or specified gift-in-kind such as collections, art, books, jewelry, etc.
Contingent bequest - A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.
Other Smart Ways to Give: There are other ways to make a charitable gift to Calgary Meals on Wheels that may further reduce your tax bill.
Securities: Donations of securities (stocks, bonds, mutual funds, etc.) often receive the greatest tax benefit, because these gifts are exempt from capital gains tax, in addition to the standard charitable tax credit.
Life Insurance: A gift of life insurance can have either an immediate or deferred tax benefit, depending on whether Calgary Meals on Wheels is listed as the owner or the beneficiary of the policy.
RRSP / RRIF: Donating your retirement savings can be a quick and easy way of supporting a charity while reducing your estate taxes. Simply update your plan administrator’s form to include Calgary Meals on Wheels as a beneficiary. With guidance from a professional, you could also make a gift from your RRSP during your lifetime.
Gifts That Pay You Income: A Charitable Gift Annuity can provide annual income to you and a generous gift for Calgary Meals on Wheels.
Click here for a printer-friendly version of this information. This information is not intended to provide legal or tax advice. When preparing your Will or making these financial decisions, we highly recommended you consult a lawyer or financial advisor to ensure your intent is properly achieved. We are also here to help if you have any questions.
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Loved ones or charity? Many folks think they have to choose one; it’s all or none. In reality, you can support both! A gift to Calgary Meals on Wheels can be a specific value, asset, or percentage. Plus, by leaving a gift to charity, there may be tax savings that ultimately leave loved ones with a similar level of support as you originally intended. We recommend talking to your loved ones about your intention to support them and Calgary Meals on Wheels. And remember, your legacy plans can be changed as needed.
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Calgary Meals on Wheels will always be here to help those who are navigating challenging times, and your gift will provide a more stable revenue model to ensure our funds will be able to support the demand for our services in the years ahead. Click here for more information about our programs and impact, including our Fact Sheet, Annual Report, and Financial Statements.
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Depending on your specific financial situation and intent, you may consider:
Writing or updating your Will. There are simple online tools recommended by the Canadian Association of Gift Planners on their Will Power website. For more complex matters, we suggest meeting with a lawyer.
Meeting with a lawyer, financial advisor, and/or estate planner. If you don’t already have someone in mind, these advisors and lawyers are members of the Canadian Association of Gift Planners and have a philanthropic understanding to ensure your estate plan aligns with your legacy wishes.
Chatting with us further or letting us know if you are including Calgary Meals on Wheels in your Will. We would love to keep you informed of the work we’re doing today and the plans we’re making for the future.
Ready to leave a legacy? Information You May Need:
Legal Name: Calgary Meals on Wheels
Charity Registration Number: 11882 3749 RR0001
Address: 5759 - 80 Ave SE Calgary, AB T2C4S6
Let’s Connect!
We’re here to help as you consider this decision.
Do you have further questions?
Please feel free to connect with our Philanthropy and Communications Manager.
Email: giving@mealsonwheels.com
Phone: 403 243 2844