Planned Giving

Giving Options

Planned Giving

The following pages will offer ideas as to how you can be an ongoing partner in the shaping and developing of our future through your gifts and support of Circle Drive Alliance Church. Your rewards will be more than the tax savings. There are the personal, emotional, and spiritual rewards of helping others. Helping others creates cherished and tender moments that can't be duplicated in any other way.

Your personal circumstances will determine the best structure for you and we will be glad to answer questions and offer suggestions confidentially. Please phone, write or e-mail us (see contact page) .

The information on these pages is intended to provide accurate information regarding planned giving at Circle Drive Alliance Church, but is not intended as legal, accounting, tax, investment, or other professional advice. If such advice is required, the services of a competent professional should be sought.

Bequest Wording

Naming Circle Drive Alliance Church in your will

Please be sure to quote our organization's correct legal name: Circle Drive Alliance Church. Our office is located at 3035 Preston Avenue South, Saskatoon, SK, S7T 1C2.

Here are some sample wordings that donors use:

For a specific sum of money

"I give to Circle Drive Alliance Church, the sum of $______ to be used at the discretion of the organization."

For a percentage of your estate

"I give to Circle Drive Alliance Church, ____% of my estate, to be used at the discretion of the organization."

For the residue of your estate once debts, taxes, administrative expenses and specific bequests have been paid.

"I give to Circle Drive Alliance Church, all (or ______%) of the residue of my estate, to be used at the discretion of the organization."

Making changes to a will

To avoid the expense of having a new will drawn up, minor alterations can be made to an existing will by means of a codicil, which is an amending document.

Sample Codicil to a Will

[Date of Codicil]
[Location]

This is a codicil to the Last Will and Testament of [Name], of [Address], to my will dated [Date of Will].

I leave to Circle Drive Alliance Church [Details of gift: specify whether sum of money, percentage, residual or contingency].

I direct that the receipt of the Treasurer for the time being, or other designated officer of Circle Drive Alliance Church, be sufficient discharge for my trustees for the payment of said bequest.

All other terms in my will remain the same.

[Your signature]

[Signatures of two witnesses: neither they nor their spouses can take benefit from the will]

Types of Planned Gifts

What better way to commemorate a lifetime of good memories and successes, or perpetuate the memory of a loved one, as well as secure your wishes for the future, than with a planned gift to Circle Drive Alliance Church. Through your gift, your name and generosity live on via CDA's ministries. At the same time, your planned gift may protect your assets from taxes and other expenses.

After providing for your loved ones, there are numerous ways to help CDA's crucial programs continue in your memory.

This page outlines the various ways that you can make a charitable planned gift to help ensure that Circle Drive's essential work will continue.

Wills and Bequests

A bequest to Circle Drive Alliance Church in your will is one of the most popular ways of leaving a legacy for the future.

The importance of having an up-to-date will cannot be overestimated. Through your will, you can make provisions for:

the financial security of your family
the naming of guardians for young children
property distribution
funeral instructions
financial gifts to causes that you support to ensure that your beliefs live on and the work you supported in your lifetime will continue.

Unfortunately, a high percentage of Canadians die without a will (intestate). The probate process for an estate without a will can be costly and time-consuming, and will not take into account your personal wishes and priorities.

By constructing your will carefully, you can avoid excessive taxes. For example, a charitable bequest can reduce the final tax burden of your estate by as much as 100% of your income in the year of demise and the previous year.

We recommend that you seek the professional advice of your family lawyer and a financial advisor when drawing up your will. Your lawyer can draft or amend your will to include a bequest to Circle Drive Alliance Church if you choose. Your financial planner can advise you on how to obtain optimal tax benefits for various forms of charitable gifts.

Perhaps you have already made a provision in your will to leave a lasting legacy to Circle Drive Alliance Church. If so, we would very much appreciate hearing from you, so that we may properly thank you. We assure you that any details you provide will be kept completely confidential.

Life Insurance

For many people, naming Circle Drive Alliance Church as a beneficiary of a life insurance policy provides an optimum combination of immediate and long-term tax benefits, affordability, and the satisfaction of leaving a significant sum of money to perpetuate the work we all believe in.

Few other forms of planned giving provide so many benefits to the donor.

Gifts of life insurance can be revocable or irrevocable. They can involve old policies which are no longer needed, current policies, or the purchase of new policies. They can be combined with your estate plan to benefit both your estate and your favourite charity.

The amount of the gift is guaranteed and is not reduced due to taxes, probate or administrative costs. Premium payments are eligible for tax receipts, and unlike an RRSP, life insurance is not taxable and is distributed intact after death.

Stocks and Securities

The Canadian income tax system encourages the residents of our great country to make gifts to charitable organizations through the granting of tax credits. Thanks to tax changes made by the Federal Government, it's become a more cost effective gift than ever before to donate gifts of securities and stock to Circle Drive Alliance Church. Donating stock securities to Circle Drive Alliance Church benefits you and your family today, while serving your community for a lifetime.

All securities donated to Circle Drive Alliance Church are sold upon receipt, with the net proceeds directed to the area of greatest need or to the fund you designate. The amount of your charitable gift receipt is determined by the closing price on the day Circle Drive Alliance Church receives the securities into our account. Circle Drive Alliance Church may only consider a gift of securities of $2,000 or more.

Whatever form of planned giving is most appropriate to your own circumstances, each gift assists Circle Drive Alliance Church long-range financial planning. Your planned gift will guarantee that we will always have the resources to speak out for the poor, the defenceless and the downtrodden.

This and other gifting strategies require appropriate planning. We strongly encourage our donors, prospects and supporters to seek the advice of qualified professionals prior to making any planned gift to ensure the best possible outcome for you and the church.