PLANNED AND LEGACY GIVING

A planned gift allows you to make provisions in your financial planning for Oxford House through a gift or bequest, life insurance, stocks/bonds or trust agreement.

Planned giving is a powerful way to leave a lasting impact on causes that matter to you. It allows individuals to make charitable contributions that align with their financial and estate planning goals, ensuring that their values and passions continue to be supported even after their lifetime. Through planned giving, you can designate gifts in the form of bequests, life insurance policies, retirement plans, or other assets to benefit organizations like Oxford House. These gifts provide a stable and enduring source of support, enabling us to continue our mission of helping individuals in recovery for years to come. By including planned giving in your legacy, you make a meaningful contribution that reflects your commitment to making a difference in the lives of others.

BEQUESTS

A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament. There are a few types of charitable bequests, for example:

• General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.

• Specific Bequests are made when a particular item or property is bequeathed for a designated purpose.

• Residuary Bequests are made when you intend to leave the residue portion (any left over property) of your assets after other terms of the will have been satisfied.

• Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.

GIFTS OF INSURANCE

A gift of life insurance is made when you name a charitable organization of your choice as the beneficiary. This means that you control the policy, and the organization would receive the insurance proceeds upon death.

GIFTING LISTED SECURITIES

A cash or security gift is an amount made out to a charitable organization of your choice. Gifts of cash are available for immediate use in the form of cash, cheque, credit card, or pre-authorized contributions paid monthly. They can also be given in the form of a general bequest in your will and testament.

GIFTING RETIREMENT FUNDS

Gifts of retirement plans are made when you name a charitable organization of your choice as the beneficiary. This means that upon your death the organization would receive the proceeds and your estate will receive a charitable receipt. This receipt will counterbalance your final tax return, transforming any final tax liabilities you have when you die into a charitable gift.

For more information or to make a gift please contact the Development Coordinator, (403 214-2046 or info@oxfordhouse.ca).

Oxford House offers this information with the understanding that we do not render legal, accounting or other specific professional advice. We recommend that you consult your own professional advisors.