Ways To Give

Once you have decided a charitable gift is right for you and your family, there is a lot of flexibility on how you can develop that gift. However it might look in your plan, remember that giving is purposeful and pleasing to God.

Methods Of Giving

Charitable giving can be broken down into two basic methods, give now or give later. Each method enables you to give more with what you already have in ways that benefit your family and glorify God. Charitable gifts allow you to minimize or eliminate taxes, while at the same time, provide ongoing financial support to the various ministries of LCC and related organizations. The table below will help you identify which giving opportunity is right for you. Which you choose will depend on a few different factors but ultimately, the choice of leaving a gift is wonderful way of saying thank you.

Give Now

Giving an immediate (or during your lifetime) outright charitable gift will provide tax relief now, reduce what may eventually become part of your estate, and you get to see your gift in action.

Gifts in Kind

Give Later

Allows you to minimize or eliminate taxes to your estate through various gifting options. These include in-kind donations of mutual funds or stocks, property, direct designation of life insurance policies, RRSPs, RRIFs or TFSAs and of course cash gifts. The timing of your gift could be very important for your estate. If you have the ability to make a charitable gift while you are still alive, you save on taxes now and reduce what may eventually become part of your estate, and you get to see your gift in action. If you make a gift through your will, it is called a charitable bequest and your estate realizes the tax benefits but you may be able to create a much more significant gift.

Gift of Residual Interest
Charitable Reminder Trust