A Bequest in Your Will

Include a gift to the Sanderson Centre Foundation in your will.

Please share your intention to make a planned gift. If you are considering gift planning as a way of supporting the Sanderson Centre Foundation, or if you have already included the Sanderson Centre Foundation in your estate plans, we encourage you to let us know.

The Sanderson Centre Foundation would like to appropriately recognize your thoughtful intention. You will receive updates on the programs and activities of the Sanderson Centre Foundation, as well as invitations to special events.

The most common type of planned gift is a bequest made through a will. Bequests and other planned gifts create a strong future for the Sanderson Centre Foundation. A planned gift through a bequest may serve to significantly reduce, by means of a tax credit, the tax payable on your final income tax return.

 

A Gift of Life Insurance

The gift of life insurance can be an effective and affordable way to make a transformative gift to the Sanderson Centre Foundation. When you donate through life insurance, you can give the Sanderson Centre Foundation access to the policy’s cash value during your lifetime, and make a substantial gift later on in the form of the policy’s death benefit.

How giving through life insurance works:

  • Name the Sanderson Centre Foundation as the owner and beneficiary of a new policy. Any premiums will then be considered a donation and are eligible for a tax receipt.
  • Name the Sanderson Centre Foundation as owner and beneficiary of an existing policy. Any future premiums the individual pays will be considered a donation and are eligible for a tax receipt.
  • Retain ownership of the policy but designate the Sanderson Centre Foundation as the beneficiary or one of the beneficiaries. Your estate then receives a tax receipt for the proceeds of the policy.

Life Insurance Policy Examples for $100,000/10 Year Payment Plan *

  • An average healthy 35 year old male is $99/month
  • Average healthy 50 year old female is $172/month

After 10 years of monthly payments, policy is paid in full.

*Example from 2015 – policies differ depending on the person and timing. For more information, contact your financial planner.