Book Excerpts
Synopsis
Written for anyone who is tired of fundraising appeals and may be looking to have more impact with their charitable giving dollar, Elaine demonstrates a comprehensive collection of the charitable giving strategies available to Canadians today. As a Financial Planner, she shows the characteristics, tax and estate implications of each alternative. Written especially for readers who are not in the business of financial planning or fundraising, the story line makes it an easy read. Inspiring, realistic characters are used to demonstrate the giving strategies available. Filled with memorable quotes, the book finishes with five useful hands-on Appendixes.
Story line
The story centres on a fictional character, Allison, 54, who has just nursed her mom through the final stages of cancer and is now considering the meaning of life and what legacy she might leave. She joins her long-time friends in attending a reunion of the class of 1977. The friends address Allison's concerns about life's struggles and successes, and give Allison ideas and alternatives to have a lasting impact through charitable giving and volunteering.
What readers will learn:
How you can make an extra-ordinary difference
How to give money you didn't know you had
What is your Giving Personality and what strategies suit it
Why and How to set up a Personal Giving Plan
Tax rules and benefits of giving to charity in Canada
2007 tax updates for donating publicly-traded securities
Tax rules on gifting listed personal property or lands
Features and characteristic of a Private foundation
How, When and Why to use a Charitable Gift Annuity
When to name a charity as an RRSP/RIF Beneficiary
When and how to use Life Insurance for charities
Working with your Will to make charitable elections
Tax rules for charitable donations in year of death
Why and when to establish a Charitable Remainder Trust Features of a Donor-Advised Fund at a Public foundation
"An ocean is but many drops" - anon.