Page 1

THE CANADIAN ASSOCIATION OF GIFT PLANNERS IS PROUD TO PRESENT

Life’s Milestones Towards Leaving a Legacy

Make a Difference in the Lives that Follow

www.leavealegacysouthsask.com OUR GOLD PARTNERS


Life’s Milestones Towards Leaving a Legacy

LEAVE A LEGACY™ Chair Message

universality • independence • neutrality • voluntary service • impartiality

HELP & INSPIRE

FUTURE GENERATIONS by willing your humanitarian legacy of respect, dignity and care for one another.

| 306-692-9779 | ROBBIE.GAMBLE@REDCROSS.CA |

REDCROSS.CA/LEGACY

independence • neutrality • voluntary service • humanity

• voluntary service • humanity • impartiality • universality • independence •

• unity • universality • independence • neutrality • unity

Yes! Spring has officially and finally arrived! The change of seasons is something I have always looked forward to, a milestone of sorts. We mark the days of our lives by milestones, some more significant than others, but events that are meaningful to ones’ self for a variety of reasons. We may even pass a life’s milestone without forward planning or conscious thinking, and only upon reflection do we feel the significance of the event. Of course, many of life’s milestones are momentous; graduation, a wedding, the purchase of a 1st home, the birth of a 1st child, a career change, travel, retirement, the loss of loved ones. Life’s milestones are not experienced in isolation, our families, friends and the community at large play a leading role in how our lives evolve. When planning how we want to be remembered, a gift in will is one way to honour and celebrate life’s milestones and the influencers who have touched us, including our societal network. LEAVE A LEGACY™ is a public awareness campaign that promotes the benefits of leaving a bequest in your will to help your favorite charitable organization. The LEAVE A LEGACY™ program provides information on how you can support charities through estate planning. This program is a partnership between registered charities, professional advisors, the media and the public.

The aim of LEAVE A LEGACY™ is twofold: • To ensure every adult Canadian has an up-to-date will; and • To encourage individuals to leave a gift for their favorite registered charity in their will. The vision of LEAVE A LEGACY™ is to ensure every person in southern Saskatchewan is aware of the personal and financial benefits of leaving a gift for their favorite charities in their will. Having a prepared estate plan that includes a charitable gift can give individuals a tremendous sense of personal satisfaction and can provide significant tax benefits for the donor. I hope the stories in this edition will touch your heart and the information will help you decide to celebrate some of your life’s milestones through a legacy gift to your favorite charity. Jeanette Kelly, Chair of LEAVE A LEGACY™ South Saskatchewan

Did You Know? Up to 5 times as many people would consider leaving a gift to charity through their estates if their lawyer, financial advisor or trust officer or insurance consultant discussed this option with their clients.

LEAVE A LEGACY MAY 2014 II


Life’s Milestones Towards Leaving a Legacy

A Life Worth Giving

Isabelle Butters has a true giving spirit. Born in Weyburn, Saskatchewan, she served the Weyburn Cooperative Association for 46 years and volunteered on many boards.

Repeatedly, she was recognized for her volunteer work and commitment to her community. Isabelle’s connection with the Heart and Stroke Foundation began when a friend coaxed her to get involved. “At first, I collected donations and volunteered counting the money,” explains Isabelle.  “Eventually, I served on committees and then the provincial board, serving as president for a term.” When asked why she was so involved with the Heart and Stroke Foundation, Isabelle’s answer is simple: “I believe in helping my community and I had a connection to the disease. When I was a teenager, my father came down with the flu – at least that’s what we thought,” she remembers, “he went to the barn to do his chores anyway but never returned. He had died of a heart attack. In those days, we didn’t have the medical know how to realize it was

Celebrate someone

his heart causing his discomfort,” says Isabelle. “I have seen first hand the investment of heart and stroke research that is helping create survivors of this disease.” When Isabelle began planning her estate, she thought about the family members she would include in her Will.  She also wanted to give something to select charities.  Isabelle chose to leave a legacy gift to the Heart and Stroke Foundation by making it the beneficiary of her life insurance policy. “I knew that a life insurance policy, given outside the Will, would go quickly and directly to the charities I chose. This was something that could be set aside no matter what my circumstance might be in the future.” Isabelle encourages all Canadians to get involved with the Foundation. “It’s a wonderful opportunity to share whatever wisdom and experience you have gained. I feel we all have an

your life;

by changing

else’s

LEGACY GIVING

Plan a gift in your will to the Hospitals of Regina Foundation. 1.888.766.7500 | www.hrf.sk.ca LEAVE A LEGACY MAY 2014 III

obligation to give back. We have so many things that we should be sharing with others.” If you’re interested in learning more about leaving a legacy gift, please visit: heartandstroke.ca/legacygiving Tammy Doerksen, Philanthropy Advisor, Saskatchewan, Heart and Stroke Foundation

Did You Know? Over the next 20 years up to $1.5 trillion is expected to change hands – the largest wealth transfer ever in Canada. Recipients of those assets will be heirs, non-profit and charitable organizations and governments (through taxes).


Life’s Milestones Towards Leaving a Legacy

A Million Thank-Yous From SIAST During World War II John Lockwood came to the aide of an injured British soldier during the London Blitz. That desire to provide help to those who needed it stayed with him his entire life. John’s generosity could be seen in ways big and small. John’s wife Helen, felt that giving to others was part of how you lived your life, and together, John and Helen made life better for hundreds of people. John and Helen first started helping SIAST students in 2004, when they established an endowment to fund bursaries and scholarships. Over the years that support grew to include additional annual gifts to support student awards. In 2007 John and Helen indicated they wanted their support for SIAST to continue after they were gone. Over the next few months, John and Helen’s wishes were discussed in detail, their intentions documented, and a bequest to SIAST became part of John’s will. Both John and Helen passed away recently. They are missed by many family and friends, and by those at SIAST who came to know them well. John’s be-

quest of $1,000,000 to SIAST will strengthen the existing Lockwood endowment and ensure students benefit from John and Helen’s generosity for generations to come. A portion of the bequest will fund equipment and renovations for a facility that will train electrician apprentices at Wascana campus. John was in the construction business and thought that tradespeople were the backbone of our province. A portion of the bequest will allow SIAST to upgrade the Simulation Lab at Wascana campus – a facility that trains nurses and other health care professionals. John and Helen generously supported health organizations and health professionals. A million thank-yous from SIAST to John and Helen Lockwood. They were, and will remain long into the future, a part of the SIAST community, and have left a legacy that will have an impact for decades to come. Alison Matheson, Senior Major Gifts Officer, SIAST

Help us make the world a better place for girls and women.

Be a part of changing lives The Ranch Ehrlo Society is an organization dedicated to providing a range of unique and innovative residential programs and community services that improve the lives of children, youth, and their families. By planning your gift today, you will be a part of helping someone find faith in themselves and confidence in their futures.

Be a friend and mentor now. Give a financial gift that will make a difference for years to come.

Start changing a life now Box 570 Pilot Butte, SK S0G 3Z0 Ph: (306) 781-1800 Email: inquiries@ranchehrlo.ca www.ehrlo.com

Talk To Us About Opportunities To Give and Volunteer Call 525-2141 ext. 145 1940 McIntyre Street, Regina, SK E: ywcaregina@ywcaregina.com www.ywcaregina.com LEAVE A LEGACY MAY 2014 IV


Life’s Milestones Towards Leaving a Legacy

A Legacy Of Giving Remembered

Leave a Legacy month is a special time to recognize those who have made contributions to our lives and communities and this year’s theme acknowledges Life’s Milestones. Even more special are gifts made in memory of another person’s milestones. This is exactly how Elizabeth Rhynold and Catherine Lowe paid tribute to their parents, John and Jean Mahon. Diagnosed with Alzheimer’s disease in 2002, John contacted the Alzheimer Society of Saskatchewan for support. This connection was the beginning of a great relationship between the Society and the Mahons. Along with receiving support, they also attended support groups, educational programs and Alzheimer Society events. In appreciation, John and Jean paid it forward by becoming spokespeople and advocates to help raise awareness of Alzheimer’s disease. John and Jean demonstrated commitment to our organization by sharing their story, and in turn, helped secure a Saskatoon Community Foundation grant to help fund an education program for families affected by Alzheimer’s disease. The legacy of the Mahons only grew larger as they participated in our Walk for eight years, helping to raise funds for the Society.

After John passed away in 2008, Jean continued her work by sharing her story at the Saskatchewan Legislature, support groups, and other Alzheimer Society events to encourage and inspire others. With nearly 10 years of involvement with the Society, we presented Jean with our Volunteerism Award in 2011. After Jean passed away in 2012, her daughters Elizabeth and Catherine knew they had to do something to keep the memory of their parents alive. In 2013, Elizabeth and Catherine generously donated $25,000 to the Alzheimer Society of Saskatchewan in memory of their parents, continuing their family’s legacy of giving. As a Geriatrician in New Brunswick, Elizabeth followed in her parents’ footsteps by assisting the Alzheimer Society of New Brunswick in their work. We are incredibly grateful to the entire Mahon family for their contributions to the Alzheimer Society of Saskatchewan. To give in so many different ways, and to reach so many milestones of giving, is truly the definition of leaving a legacy – and we are so thankful. Chelsea Jacobs, Communications & Marketing Coordinator, Alzheimer Society of Saskatchewan

Life’s Milestones Come In All Sizes

Providing a pair of hockey skates or a soccer ball to a youth might not seem like a huge contribution but you are giving more than sports equipment, you are giving hope to a child and helping a community become healthier. Ehrlo Sport Venture is an outreach program that provides disadvantaged children with access to sport and recreation by reducing financial barriers. Last year we helped

more than 650 children participate in sport leagues in Regina and area, and gave communities greater access to our equipment through our lending library. “Playing sports provides lifelong skills for kids,” said Laura Logan, manager of Ehrlo Sport Venture. “When youth participate in sport or recreation they have higher self-esteem, fewer behavioural problems, and respect for themselves and others.” Funding is critical to offset the expense of equipment, transportation, awards, and rentals. Your gift can help grow the confidence and success of a child. When you leave a gift in your will to the Erhlo Sport Venture Program, you help our community at large along with the lives of the children who will be our legacy. Trudy Bosch, Communications Coordinator, Ranch Ehrlo Society

Theresa Stevenson started a hot lunch program after hearing stories of children going to school hungry. CHILI FOR CHILDREN now feeds over 500 children per day and offers other services such as food bank referrals, fine option placement, practicum student placement, catering, bread shelves, and much more.

WWW.CHILIFORCHILDREN.CA • 1264 ATHOL STREET • 306-359-7919

LEAVE A LEGACY MAY 2014 V


Life’s Milestones Towards Leaving a Legacy

Canadians Want To Give Back To Society One-in-five Canadians with a written will (22%) plan to leave some of their estate to charity, with the primary reason to give back to society (60%), according to Scotiabank’s annual Investment Poll. Canadians opting not to leave any of their estate to charity (78%) say they would prefer to leave their money to their beneficiaries (64%). While not a motive for giving, the poll surprisingly revealed that only 4-in-10 Canadians are aware of the tax benefits associated with charitable donations as part of their will (39%). Residents of Alberta (47%) are the most likely to say that they are aware of the tax benefits, while those in Quebec (27%) are the least likely to be aware of the benefits. The top three reasons to leave some of their estate to charity (among those with a written will) are to give back to society (60%), followed by not having dependents and wanting

money to go to a good cause (20%), and for the tax benefits (12%). For Canadians with a will who do not plan to leave any of their estate to charity, the top reasons include preferring to leave money to their beneficiaries (64%), affordability (22%), and giving to philanthropic causes during their lifetime (20%). Compared to the national average (22%), residents of Manitoba and Saskatchewan (37%) are most likely to leave some of their estate to charity while residents of Quebec (11%) are least likely. Canadians ages 18-34 (45%) are most likely to leave some of their estate to charity compared to those ages 45-54 (17%). Men (71%) are significantly more likely to say that they would prefer to leave their money to their loved ones compared to 58% of women. The older Canadians get, the more they are aware of the tax benefits to

including charitable donations in their will, with only 25% of those aged 18-34 compared to 59% of those over 55. “We were encouraged to see how many Canadians are choosing to make a gift by will to charity, as these donations are typically much larger than the average lifetime gift,” says Malcolm Burrows, Head of Philanthropic Advisory Services at Scotiatrust. “Twenty percent of those surveyed who said they would make a gift by will to charity are individuals without children. In our experience, these ‘invisible donors’ often dedicate the largest percentage of their estate to charity.” “With only 39 percent of Canadians aware of the tax benefits associated with gifts by will to charity, many may not know that Canada has the most generous tax benefits in the world for gifts by will,” adds Burrows. “While taxes are not the prima-

Aqueduct Foundation is a charitable public foundation registered with the Canada Revenue Agency. Our mission is to serve as a neutral channel or “bridge” to flow funds to registered Canadian charities and qualified donees and to facilitate planning of significant philanthropic gifts. Aqueduct Foundation advantages include: ➢ Ability to grant capital, not just income. ➢ Acceptance of complex property as well as public securities and cash such as private shares and real estate. ➢ Estate planning options that are focused on your family’s priorities and values. Please call Scotia Private Client Group to book your consultation meeting with Dennis Duckerin, Financial Consultant, at 306-780-1281. Alternatively, you may call Winifred Kanyogonya, Senior Will and Estate Planner, at 1-800-550-6451.

LEAVE A LEGACY MAY 2014 VI

ry reason to give, tax savings greatly reduce the cost to other beneficiaries. A gift by will generates a non-refundable tax credit that can be claimed against tax owing, and new rules provide a five-year claim period against up to 100 per cent of net income. An estate planning and charitable giving expert can help determine the best plan for you and your family.” This study was conducted online for the third consecutive year using Nielsen’s (formerly Harris/Decima) online panel from November 12, 2013 to November 27, 2013.A total of 1,029 completed surveys were collected from a random sample of panel members across Canada. Scotiabank


Life’s Milestones Towards Leaving a Legacy

Deferred Gift Planning: Life Insurance Gifts Gifts of life insurance may be used to establish any type of endowment fund at The South Saskatchewan Community Foundation. Many people purchase life insurance when they need protection for their family, their business or their estate. In later years, individuals and couples may find that they don’t need all the insurance they originally did. Some may have built an estate of other assets or their children are self-supporting. Lower

HOW WILL YOU LEAVE YOUR MARK? By including the Heart and Stroke Foundation in your Will, you’ll support life-saving heart disease and stroke research — and give your family and friends a brighter future.

levels of personal and mortgage debt may have also lessened some individuals’ need for life insurance. As a result, people may want to use their policies for charitable giving. Scenario: The South Saskatchewan Community Foundation as Owner and Beneficiary If you are a donor who wants to achieve immediate tax benefits, you could consider assigning an insur-

ance policy to The South Saskatchewan Community Foundation. You will be eligible for an immediate income tax charitable deduction in the year of assignment. For gifts of a policy paid up, the value of the deduction is equal to the cash surrender value of the policy. If the policy is not yet paid up, an income tax deduction is allowed for the existing cash surrender value, as well as for contributions made to The South Saskatchewan Foundation to pay subsequent premiums. You are eligible for an immediate tax deduction and an ongoing deduction of premium, and you also have the satisfaction of supporting your charitable interests. Life insurance enables you to make a much larger gift than you might have thought possible. A gift of existing insurance will not reduce your current stream of income. Example: Joe Stevens purchased a $50,000 whole life policy years ago to guarantee funds for his children’s education. His children have graduated and are financially independent. Joe still owns the policy and pays the $500 annual premium. The policy’s cash surrender value is determined to be $15,000. Joe decides to assign the policy to The South Saskatchewan Community Foundation and takes a $15,000 deduction. He realizes an immediate tax savings in this

30% income tax bracket, of $4,500. In the coming years, Joe continues to pay the premiums of the policy ($500 annually) and is then eligible to take a charitable deduction from the The South Saskatchewan Community Foundation for the same amount. After Joe’s death, a permanent fund will be established in Joe’s name at The South Saskatchewan Foundation for the charities and causes he chose to support. Most organizations can provide sample standard legal language necessary to establish each type of fund through a gift of insurance. NOTE TO READER: The purpose of this article is to provide general information, not to render legal advice. In addition any changes in the tax structure may affect the example listed in this information. Your client should consult their own lawyer or other professional advisor about the applicability of this information to their situation. Written by the Winnipeg Foundation, with permission to modify for The South Saskatchewan Community Foundation

They’ve always been there for you. Now you can be there for them.

To discuss how a gift in your will can help homeless animals in need contact:

To start planning your legacy gift by Will, call Tammy Doerksen at 1-888-473-4636 or visit heartandstroke.ca/legacygiving

Karen Dackiw, CFRE (306) 543-6363, ext. 236 donate@reginahumane.ca www.reginahumanesociety.ca LEAVE A LEGACY MAY 2014 VII


Life’s Milestones Towards Leaving a Legacy

Life’s Milestones And Updating Your Will A comprehensive estate plan is essential and can provide both financial and emotional benefits. One integral part of an estate plan is a Will. Without a Will, the “one size fits all” nature of provincial intestate distribution legislation often results in an unintended estate distribution. Not only is it important to have a Will, it is perhaps equally as important to have an updated Will. As your circumstances changes and you reach milestones in your life, you ought to review and update your Will. For instance, marriage is an opportune time to update your Will. Unless your Will is expressly made in contemplation of marriage, your subsequent marriage (or cohabitation in a spousal relationship continuously for two years) automatically revokes your Will. Similarly, divorce or separation is also a time when changes to your Will should be considered. For ex-

ample, if you have a Will and you subsequently become divorced, unless your Will provides otherwise, certain provisions in your Will providing for your spouse may be revoked. The birth of a child may also require updates to your Will and estate plan. It may be appropriate to name a guardian for your child. As well, you may wish to appoint a trustee to hold property in trust for your child until the child reaches a specified age. As you become more established in your life you should also consider incorporating charitable giving into your estate plan. A planned gift can allow you to eliminate taxes payable at your death. The benefit of such a strategy can be significant as the majority of Canadians will pay their largest tax bill upon their death. Other life events that may require amendments to your Will and estate plan include: (a) a major change in your financial situation, (b) the sale

of an asset that you intended to gift in your Will, (c) a beneficiary or executor dies, (d) a beneficiary loses mental capacity, (e) a beneficiary develops problems with creditors, (f) major legislative changes occur, including tax changes, and (g) you plan on moving to another country. If you think it may be necessary to update your Will, there are a few different ways to do so. If the changes to your Will are substantial then you may require a new Will. Alternatively, if the changes are minor then it may be appropriate to execute a codicil to the Will. A lawyer can assist in reviewing your current estate plan and assessing whether, and how, amendments should be made. At the end of the day, the effectiveness of an updated Will that accounts for all of your life’s milestones cannot be underestimated in the estate planning process. Regularly reviewing your Will at least every three to

Plan for a Miracle A planned gift to Telemiracle, whether it’s made during your lifetime or after, is a tremendous way to make miracles happen for people right here in Saskatchewan. There are so many, young and old, who can’t afford the specialized medical care they need. Telemiracle provides funding for things like medical travel and specialized equipment—wheelchairs, scooters, lifts, handi-vans and much, much more. By planning your gift today, you can realize some you can make miracles happen tomorrow.

2217C Hanselman Court Saskatoon SK S7L 6A8 phone 306.652.2161 www.telemiracle.com

Did You Know?

Leaving a gift to charity in your will may reduce the estate tax burden on your heirs significantly. LEAVE A LEGACY MAY 2014 VIII

five years helps to ensure that it accurately and completely reflects your testamentary intentions. Portions of this article have been produced with reference to Robert Spenceley, The Estate Planner’s Handbook (Toronto: CCH Canadian Limited, 2002) and Alain Lévesque, George’s Tree (Sherbrooke: DeVimy Group, 2011). Kelly A. Canham, Associate, McDougall Gauley LLP


Life’s Milestones Towards Leaving a Legacy

Honouring A Career That Changes Lives

Judy Davis and her grandchildren

“I consider myself so fortunate to have been able to build a career that has left a lasting impact on my community,” says Judy Davis, reflecting on her 18 years working with Hospitals of Regina Foundation, including the last 10 years as its CEO. With Judy moving on from HRF by the end of 2014, she took a moment to ponder her role in raising funds that have resulted in greatly improving the quality of healthcare for the people of Saskatchewan. “It is immensely gratifying to do

meaningful work that improves the lives of my family, friends, neighbours, community members… and will touch the lives of their children and grandchildren in the future.” When Judy first joined HRF, her role was to inspire community members to leave behind a compassionate legacy for future generations by making the Hospitals of Regina Foundation the recipient of a gift in their will, or giving in other ways like donating the proceeds of an insurance policy. The Foundation had never promoted

this kind of giving before, so Judy was breaking new ground. “Because estate gifts are truly made from the heart, I felt I couldn’t talk authentically about this unless I had learned what it was like to make this kind of gift myself. So I went through the entire process of self-discovery, goal-setting and decision-making. “After a lot of reflection, I purchased a life insurance policy and named the Hospitals of Regina Foundation to be its owner and beneficiary. Doing this 17 years ago when I was younger made the policy quite affordable. I also liked that in time, my donation would play a role by giving future generations one of the most caring gifts of all… the gift of health. “Today, I feel even better about this donation because it is now a heartfelt way to honour the Foundation for a long career I have so dearly loved. It will also be a reflection of my thanks for the good care my family and friends receive from Regina’s hospitals, and for the future healthcare that our grandkids will receive. “My heartfelt appreciation also goes out to everyone who has accompanied me on my 18-year journey with the Foundation by lending your own support. Every day I wit-

ness the results of our communal caring. Our hospitals are providing high-quality care to our loved ones when they need it the most. Being a part of making this happen has been immensely rewarding for me.” Jeanette R. Kelly, Manager, Annual & Planned Giving, Hospitals of Regina Foundation

We see the hope and potential in every young person

Investing in Our Future Create a lasting legacy for our future generations. Invest in higher education that is rooted in the Jesuit tradition of academic excellence.

COMMUNITY PROGRAMS • ADVENTURE BASED LEARNING • YOUTH HOMES

For more information contact us at 306-359-1209 or 1-800-6677282, or visit www.campioncollege.ca.

For information on making a gift in your will contact Byron Toth at 306.347.1900 or btoth@yfcregina.ca LEAVE A LEGACY MAY 2014 IX


Life’s Milestones Towards Leaving a Legacy

Saskatchewan Couple Establish Scholarship For Fine Arts

Dick and Ruby Mitchell (photo courtesy Joanne McVey)

At the age of 19, Ruby Mitchell graduated from Normal School in Regina, one of thousands of young people who went there for teacher training in the years before and between the two World Wars. Her first teaching position was at Rock Mountain School near Coronach in southwestern Saskatchewan.

Like many young teachers at the time, she boarded with a local farm family. It was the beginning of what Ruby’s niece, Joanne McVey, calls an “adventurous” life. It was wartime and the farm family’s son, Dick Mitchell, was overseas. When he came home, the couple met. The impression the two young people made on each other was obviously positive; they married and moved to Regina, where Ruby continued teaching and Dick worked as a watchmaker. A few years later, they bought a jewelry store in Moosomin, Saskatchewan, where they were to live and work for the rest of their lives. Their business thrived but Ruby and Dick also found time for many

other interests. They never had children of their own but enjoyed time spent with nieces and nephews. They contributed to their community in many ways. They took up archery, and often went hunting with their bows and arrows. And they travelled, particularly after they sold their business, going to Africa, New Zealand, Russia, the war memorials in Europe, and many other places. Ruby was also very interested in art. She loved to attend art shows and was herself a painter. “She did it for her own enjoyment,” says nephew Brian McMillan. “But all the nieces and nephews have landscape pictures she painted or drew. I don’t know anything about art but to me they are nice.” Dick passed away in 2010, followed by Ruby in February of 2013. When McMillan and other family members learned the details of their wills, they weren’t surprised that much of the estate would go to charity, including a special gift to the University of Regina through its Planned Giving program.

Ruby left the University a generous bequest to be used to establish an annual scholarship to be awarded to a full-time student in the Visual Arts Program, Faculty of Fine Arts. McMillan said his aunt realized how important scholarships are to students trying to finance their education and her interest in art made it a natural choice to direct the support to an art student. “That’s a big thing for students and my aunt realized that,” he said. “Because of her years as a teacher and an educator, and her interest in art, it was kind of a logical progression to make that donation. “My aunt and uncle were good citizens. They gave to their country, they gave to their community, and they gave to education and to charities. Although they didn’t have children of their own, they were a kind and giving couple. When they left this world, they wanted to leave something behind. This was their way of doing it.” Leanne Posehn, University of Regina, Director of Development External Relations

Help build a legacy for Saskatchewan’s children. Give Today LEAVE A LEGACY™ NATIONAL DEVELOPMENT SPONSORS

LEAVE A LEGACY MAY 2014 X


Life’s Milestones Towards Leaving a Legacy

Frequently Asked Questions And Answers About Leaving A Gift Do I have to include my wish to leave a gift to a specific organization in my Will? To be certain that the charity receives the gift, you must state your intention in your Will. Without a Will, however, you have no control over your belongings after death. Your property and finances will be settled according to provincial lawsregardless of your intent. Must I have an estate in order to leave a gift? “Estate” is simply a term used to describe any property, money or personal belongings that you have at the time of your death. Most people have some assets when they die, even though they may not have a great deal of wealth. It’s also important to remember that there is no such thing

as an insignificant gift. Anyone can arrange to leave a charitable gift from his or her estate - no matter how large or small. How do I leave a gift for an organization that I admire? There are many ways of leaving a gift - the most common being through a Will. Some people specify a certain dollar amount, while others leave a percentage of their estate or any assets that would be left over after they have provided for their families. You can also leave property, life insurance, charitable remainder trusts, or other kinds of gifts. How do I leave a gift in memory of a person or for a specified purpose? A charitable gift is a meaningful

way of recognizing someone who has made a difference in your life. You may also want to give to a specific cause like research or a new building. These kinds of memorial gifts can be arranged in your Will. You should specify that the gift be given in memory of a particular person or for a specific use. Do I tell the charity I’ve left the gift? This is entirely up to you. Many charities like to know of planned gifts so they can recognize your generosity. They can tell you about specific opportunities for giving. They can also assure you that your wishes can be fulfilled. Still, whether you let the charity know of your plans or not, the decision is yours to make.

Can I leave a gift to charity without taking away from what I leave my immediate heirs? Absolutely. There are many ways to fulfil your charitable goals while still providing for your family and other loved ones. Many vehicles for planned giving, such as life insurance, allow you to leave a variety of gifts to both a charity and family members, all the while providing tax benefits to you.

www.leavealegacysouthsask.com

Stewarding the gift of our lives and our assets for our families and our faith community.

! “Even a seemingly small act of generosity can grow into something far beyond what we could ever imagine” —Ephesians 3:20

Please remember your church in your estate planning. For more information or to receive a Catholic Estate Organizer booklet please contact the Archdiocesan Development Office at 306.352.1651 ext. 220

Did You Know? People from all walks of life can “make a difference in the lives that follow” through a charitable bequest. Charitable giving is not only for the wealthy! LEAVE A LEGACY MAY 2014 XI


Life’s Milestones Towards Leaving a Legacy

A Donor’s Bill Of Rights Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes that they are asked to support, we declare that all donors have these rights:

to use donations effectively for their intended purposes.

• To receive appropriate acknowledgment and recognition.

employees of the organization or hired solicitors.

• To be informed of the identity of those serving on the organization’s governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.

• To be assured that information about their donation is handled with respect and with confidentiality to the extent provided by law.

• To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.

• To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity

• To be assured their gifts will be used for the purposes for which they were given.

• To have access to the organization’s most recent financial statements.

• To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.

• To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.

• To be informed whether those seeking donations are volunteers,

The Circle of Hope honours dedicated friends who have planned a legacy gift to the Alzheimer Society of Saskatchewan.

Immigrant & Refugee Service Agency Serving our community since 1976 • Settlement & Family Services • Volunteer & Youth Programs • Refugee Resettlement Services • KidsFirst Program • English Language Services • Licensed Child Care Centre • Employment Services • Newcomer Welcome Centre • Translation & Interpretation Services

Join our Circle of Hope today and help the over 18,000 people and their families in Saskatchewan who are affected by Alzheimer’s disease or a related dementia.

Volunteer opportunities available!

www.rods.sk.ca 306-352-3500

For more information, please visit www.alzheimer.ca/sk or call 1-800-263-3367

FAX 306-757-8166

1855 Smith Street

“Like slavery and apartheid, poverty is not natural. It is man-made and it can be overcome…” —Nelson Mandela

A gift to the WDM in your will helps us share Saskatchewan stories – past, present and future.

CONTACT

Jen Pederson, CFRE, Director of Development at jpederson@wdm.ca or 306-934-1400

Your gift helps sustain a vibrant local community working together for global cooperation, justice, and peace. Together, a better world is possible.

306.757.4669 www.earthbeat.sk.ca

LEAVE A LEGACY MAY 2014 XII


Life’s Milestones Towards Leaving a Legacy

Why Give? ENRICH PEOPLE’S LIVES Every day, people are helped and lives are enriched by the work of registered charities and foundations, and other not-for-profit organizations in our communities. Meals for isolated seniors, summer jobs for disadvantaged high school students, funding for mental health or cancer research or a live performance by a local arts organization are just some of the ways not-for-profit organizations improve our lives. Canadians give for many different reasons: for some it is a way to ensure their memory lives on, for many it’s a way to ensure that their favorite charity is able to continue its important work, while for others it represents a way to facilitate the tax implications that come with the transfer of one’s estate to surviving relatives.

PROVIDE SUPPORT Financial assistance is essential to support and sustain charitable work. Many people generously give their money, time and energy to their local not-for-profit organizations and are unaware that by leaving a gift in their will or estate plan to the charitable groups of their choice, they can continue to help people in need or promote a favourite cause. We wish more funding were available for medical research, for domestic abuse shelters, or a treasured arts or music program. Charitable organizations need financial assistance from people like you to continue their work. By making bequests and other “planned gifts,” you can continue to help organizations that are making an important difference in your community. What better way to thank the people or organizations that have had an impact on your life, than to make a contribution from your estate through a bequest?

LEAVE A MEMORY Choosing to leave a gift from the heart brings meaning, dignity and purpose to a life well lived. Your gift is your opportunity to participate in the charitable and community work most meaningful to you, in a way that allows these important causes to be well supported now and long after you have gone. Personal Philanthropy through a will can be an additional way to ensure that your memory lives on. Surprisingly, a gift can also be a very practical addition to a financial or estate plan when tax issues are taken into consideration – even for those who think they may not have tax issues. In most cases, the tax burden left to relatives is lifted significantly. Your professional advisor can teach you how giving may actually benefit your family after you’re gone. Together we can make a difference – the difference these days, is that you can impact the causes you care about by including them in your will or estate plan.

A CONTRIBUTION FOR THE FUTURE Personal philanthropy can help contribute to the sustainability of a not for profit organization or charity of your choice. In life, many of us require some kind of assistance, whether it’s physical, financial or spiritual. Perhaps a local organization or charity has special meaning to you. Maybe you were given a scholarship that made the dream of college possible. You or a loved one may have been shown especially compassionate care in the hospital during an illness or injury. It is during life’s many endeavers, that we are often reminded that more could be done to continue personal philanthropy which support humane acts of kindness, and help uphold programs for personal enrichment. By leaving a gift in your memory you are making a significant contribution to the future sustainability of those charitable and not for profit organizations that you value most.

BE A WISH HERO CALL ABOUT YOUR LEGACY TODAY 1-800-267-WISH (9474) OR EMAIL GAY.OLDHAVER@CHILDRENSWISH.CA

BRADEN & BRADEN Braden Nienaber, Wish Child 2014, and Braden Holtby, goalie for the Washington Capitals WASHINGTON CAPITALS PHOTOGRAPHY

Did You Know? There are 83,500 registered charitable organizations and 80,000 federal and provincial not-for-profit organizations. LEAVE A LEGACY MAY 2014 XIII


Life’s Milestones Towards Leaving a Legacy

Life’s Milestones LUNCHEON

Life’s Milestones with guest speaker Jocelyne Lang

MAY 14

Queensbury Convention Centre Evraz Place, Salon B DOORS OPEN AT 11:15, LUNCH AT NOON

TICKETS: $10 each, $80 for a table of 8 AVAILABLE ONLINE AT: picatic.com/LALLuncheonRegina2014 Jocelyne Lang is a former president and volunteer with the Regina and District Chamber of Commerce. She continues to be very involved in Regina, volunteering her time and talents for The Globe Theatre, The Canadian Red Cross, The Canadian Cancer Society, and many more. She is currently co-chair for the SunLife Financial Annual Charity Golf Classic, raising $80,000 in 3 years for the Z99 NICU Radiothon in partnership with the Hospitals of Regina Foundation. Jocelyne is a board member of the Regina Qu’Appelle Health Region and recently earned her Professional Director designation from the Johnson Shoyama School of Public Policy.

Think PHILANTHROPY is only for the rich? Not so! Life’s MILESTONES create plenty of opportunities! As a busy mom of 2, a business partner with my husband of 13 years I don’t think people would necessarily describe me as what they might consider a “philanthropist”. I think we believe that to be “philanthropic” you had to be a multi-millionaire and have the time and resources to start your own foundation. Wikipedia describes Philanthropy as the “love of humanity” in the sense of caring, nourishing, developing and enhancing “what it is to be human” on both the benefactors’ (by identifying and exercising their values in giving and volunteering) and beneficiaries’ (by benefiting). I love this definition. The “love of humanity”! How do we show our love for humanity and set a great example “of what it is to be human” to our children? By adopting a philanthropic

mindset! I discovered this when I first moved to Regina and had the opportunity to do a project with the Globe Theatre. It changed my life. I realized that being philanthropic is just that, it’s about caring, being excited and enthusiastic about an organization, it’s about giving whatever time, talents (and potentially resources) you can to improve a community for the greater good. Whichever life milestone you’re at, graduating, getting married, having and raising a family, retiring, we are all surrounded with organizations to which we can pay it back or pay it forward. Be a tutor, be a mentor, support your church, volunteer at school, raise money for health research, give an animal a home, plan a gift in your will. You choose, but remember to be human, love humanity, stay calm and philanthropy on! Jocelyne Lang, Financial Advisor, Sun Life Financial Regina

TICKETS AVAILABLE AT

picatic.com/LALLuncheonRegina2014

Your legacy, our future

Don’t get cold feet about planning your legacy gift.

Give us a call to break the ice. Warm the hearts of thousands of individuals and families who rely on United Way every day by considering making us part of your legacy plan.

To make a donation to the Saskatchewan Cancer Agency, call (306) 791-2142 or visit www.saskcancer.ca/donate.

The Saskatchewan Cancer Agency operates prevention and early detection programs, provides safe, quality cancer treatment and conducts innovative research. LEAVE A LEGACY MAY 2014 XIV

www.UNITEDWAYREGINA.ca (306) 757-5671


Eden Care Communities Making a difference in the lives of others

Our organization has embraced the Eden AlternativeTM philosophy of care. This personcentered philosophy strives to eliminate loneliness, helplessness and boredom by creating a Human Habitat with plants, animals and children, and by providing companionship, empowerment and opportunities to enjoy life and all its moments planned and unplanned. 1925 5th Ave N Regina, Sask. S4R 7W1 306-543-4055 www.edencarecommunities.com

1150 Broadway Ave Regina, Sask. S4P 4V3 306-564-1200

1100 Broadway Ave Regina, Sask. S4P 4V3 306-352-4993

LEAVE A LEGACY MAY 2014 XV

1925 5th Ave N Regina, Sask. S4R 7W1 306-543-4055


Life’s Milestones Towards Leaving a Legacy

Our Partners Alzheimer Society of Saskatchewan Joanne Bracken ceo@alzheimer.sk.ca 306-949-4141 www.alzheimer.sk.ca

Blue Sky Financial Planning Grant Karst grant@mybluesky.ca 306-757-5038 mybluesky.ca

Campion College

Joanne Kozlowski joanne.kozlowski@uregina.ca 306-359-1244 campioncollege.ca

Canadian Cancer Society Trina Owens towens@sk.cancer.ca 306-790-5819 cancer.ca

Canadian Mental Health Assoc. (Sask Div) Inc. Dave Nelson daven@cmhask.com 306-525-5601 cmhask.com

Canadian Red Cross

Roberta Gamble robbie.gamble@redcross.ca 306-692-9779 redcross.ca/saskatchewan

Children’s Wish Foundation of Canada

Gay Oldhaver gay.oldhaver@childrenswish.ca 306-955-0511 childrenswish.ca

Chili for Children Greg Stevenson c4c@sasktel.net 306-359-7919 chiliforchildren.ca

CIBC Wood Gundy - Todd Dixon Todd Dixon todd.dixon@cibc.ca 306-721-1717 cibc.ca

CNIB

Christall Beaudry christall.beaudry@cnib.ca 306-525-2571 cnib.ca

Eden Care Communities

Jennifer Martel jennifer.martel@edencare.ca 306-543-4055 ext. 201 myedencare.ca

Gyphon Consulting

Tara Gish tara2gryphon@gmail.com 306-201-4299

Heart and Stroke Foundation Tammy Doerksen doerksent@hsf.sk.ca 306-500-6025 heartandstroke.sk.ca

Hospitals of Regina Foundation Jeanette Kelly jeanette.kelly@hrf.sk.ca 306-781-7523 hrf.sk.ca

Kinsmen Foundation Joan Steckhan kin.joan@sasktel.net 306-244-6400 telemiracle.com

Ranch Ehrlo Society

Souls Harbour Rescue Mission

RBC Wealth Management Dominion Securities

South Saskatchewan Community Foundation

Carole Bryant Carole.Bryant@ranchehrlo.ca 306-781-1825 ehrlo.com

Barbara March-Burwell barb.march-burwell@rbc.com 306-757-2606 barbmarch-burwell.com

Regina Community Clinic

Karen Cooper admin@reginacommunityclinic.ca 306-543-7880 reginacommunityclinic.ca

Regina Senior Citizens Centre

Lung Foundation of Saskatchewan

Pierre Schweda pierrerscc@accesscomm.ca 306-525-2154 reginaseniorcitizenscentre.ca

Luther College

Byron Toth btoth@yfcregina.ca 306-347-1900 yfcregina.ca

Sharon Kremeniuk sharon.kremeniuk@sk.lung.ca 306-352-2004 lungfoundation.ca Lisa King lisa.king@luthercollege.edu 306-757-7399 luthercollege.edu

McDougall Gauley LLP

Wayne Bernakevitch wbernakevitch@mcdougallgauley.com 306-565-5102 mcdougallgauley.com

McKercher LLP

Greg Swanson g.swanson@mckercher.ca 306-565-6506 www.mckercher.ca

Moose Jaw Health Foundation Kelly McElree kmcelree@fhhr.ca 306-694-0255 mjhf.org

Roman Catholic Archdiocese of Regina

Jennifer Thompson jthompson@archregina.sk.ca 306-352-1651 ext. 220 archregina.sk.ca

Saskatchewan Abilities Council Karen Moore kmoore@abilitiescouncil.sk.ca 306-569-9048 abilitiescouncil.sk.ca

Saskatchewan Cancer Agency Edie Holzapfel edie.holzapfel@saskcancer.ca 306-791-2142 saskcancer.ca

Saskatchewan Epilepsy Inc

Mounted Police Heritage Centre (RCMP Heritage Centre) Wanda Blake WBlake@rcmphc.com 306-522-7333 rcmpheritagecentre.com

Parkinson Society Saskatchewan

Regina Youth for Christ

Travis Low pss@sasktel.net 306-933-4455 parkinsonsaskatchewan.ca

Darlene Achter skepilepsy@sasktel.net 306-359-6892

Scotia Private Client Group

Winifred Kanyogonya winifred.kanyogonya@scotiaprivateclient.com 306-668-1451 scotiaprivateclientgroup.com

SIAST Donor & Alumni Relations

Pam McLellan pam.mclellan@siast.sk.ca 306-775-7714 gosiast.com

LEAVE A LEGACY MAY 2014 XVI

Wes Dynna wdynna@shrmsk.com 306-543-0011 soulsharbourrescuemission.org

Susanne Hamilton Executive Director sscf@sasktel.net 306-751-4756 sscf.ca

Speers Funeral Chapel

Krista Christensen kchristensen@ speersfuneralchapel.com 306-522-3232 speersfuneralchapel.com

St. Joseph’s Hospital Foundation (Estevan) Inc. Becky Conly rebecca.conly@schr.sk.ca 306-637-2490 sjhg.org

Sunlife Financial

Brian Kilback brian.kilback@sunlife.com 306-359-7447 sunlife.ca

The Salvation Army

Sylvia Ross sylvia_ross@can.salvationarmy.org 306-757-3111 ext. 223 salvationarmy.ca

United Way Regina

Irma Molnar imolnar@unitedwayregina.ca 306-751-4750 unitedwayregina.ca

University of Regina

Leanne Posehn leanne.posehn@uregina.ca 306-337-2451 uregina.ca

YMCA

Doris Gerrand dgerrand@regina.ymca.ca 306-757-9622 ext. 267 regina.ymca.ca For further information, please contact any of the advertisers or LEAVE A LEGACY™ partners listed in this publication, contact the LEAVE A LEGACY™ Coordinator Colleen Fitzpatrick at leavealegacy@ bestway.ca, or visit our website at www.leavealegacysouthsask.com This feature is a forum for information about charitable gift planning. Neither CAGP-ACPDP™ national office nor any of its roundtables or the LEAVE A LEGACY™ program will be held liable for any claims made by advertisers.

Lal ss prairie dog pub 2014  

LEAVE A LEGACY™ Prairie Dog 2014

Read more
Read more
Similar to
Popular now
Just for you