Support charities without impacting your day-to-day finances, through planned giving
Many Canadians would like to donate to worthy causes but feel restricted by the financial reality of daily living. The answer, regardless of your financial position, is a secure and simple strategy called planned giving.
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Planned giving means that instead of making donations now, while you’re alive and need your money, you wait until you pass away. “Anyone can truly give a planned gift because it doesn’t affect your day-to-day finances,” says Jenna Peoples, legacy giving advisor with the Saskatchewan Community Foundation. Sometimes, the gift is made possible because of a life insurance policy, for example, or from the sale of a major asset such as a home.