A third technique for making a commemorative gift is the bequest. In this case, the gift is for the future, rather than the present.
Ron B.’s wife died last year and he is deeply grateful to the Regiment for support over the years. As he updates his will, Roger includes a bequest of $25,000 to the Foundation, where it will be used to establish an endowed fund in his wife’s name. Income distributions from the fund will honour her memory and enhance already effective support to veterans and their families. At Ron’s death, his estate will receive a donation receipt for the full amount of the gift. The tax credit will offset taxes on other income, including capital gain, which must be reported on his final return.
We’re here to help you. William M., Charlie M., the Loewen-Perret family. Bill W. and Ron B. have discovered the satisfaction that comes from honouring a friend or loved one by means of a commemorative gift. You can discover it, too — through the Foundation. We’ll gladly provide you with further information on the various ways of making a commemorative gift and our policies on named endowments. We would be pleased to discuss with you possible uses for your gift and appropriate recognition for the one in whose name it is given. Through the Foundation your tribute to one person will touch the lives of many others!