Planned Giving
Planned giving allows a donor to maximize the benefit to the KWS, while receiving the most favourable tax benefits. They are a meaningful and cost-effective way to demonstrate financial support.
There are several ways to make a planned gift, including:
Bequests
A bequest gift is a gift made through your will as a legacy (specified sum of money), residual gift (a percentage of your estate residue), or a gift of property.
Life Insurance
Insurance allows you to make a substantial gift without taking on a large expense. By taking out a new life insurance policy, and naming the KWS as owner and beneficiary, you will receive tax receipts for the annual premiums you pay.
Existing policies that have finished serving their original policies can have the ownership and beneficiary designation transferred to the KWS. A tax receipt is then issued for the cash value.
Charitable Gift Annuity
By purchasing a Charitable Gift Annuity, you can enjoy immediate tax benefits as some of the purchase value results in an immediate gift to the KWS (for which a tax receipt is issued). The remainder buys an annuity, which pays you income for your lifetime, and depending on your age, a portion of that income will be tax-exempt.
If you name the KWS as beneficiary, your estate will also receive a charitable tax receipt for any proceeds received upon your death.
Securities & Investments
Gifts of stocks, bonds, mutual funds or GICs can be made to the KWS. Following the elimination of capital gains on donations of publicly traded securities in 2006, a gift of securities is now the most tax efficient way to make a charitable donation and a great way for donors to make a greater impact with their gift.
RRSPs and RRIFs
By naming The KWS as beneficiary to your RRSP or RRIF, the full balance of your account at your date of death will be paid to the orchestra, and a tax receipt will be issued in return. Because the tax owing on the registered holdings can be very substantial upon death, the tax relief resulting to your estate from this type of gift can be significant.
Charitable Remainder Trusts
If you have cash or an asset that you have considered leaving to the KWS in your will but would like the tax benefit now, then a charitable remainder trust or a gift of residual interest may be your answer.
A charitable remainder trust pays you an annual income for life from your invested principal. A gift of residual interest allows you to donate an asset today (personal residence, work of art, investment property) and enjoy the use of it for the rest of your life.
Please consider demonstrating your support for the KWS by making a Legacy or Planned Gift.
We welcome the opportunity to meet with you or your Estate Planner to discuss our planned giving program and the options that will provide the greatest tax benefits to your family.
All inquires are confidential and there is no obligation.
For more information, please contact the Development Office at:
(519) 745-4711 ext. 279 | 
