Planned giving is sometimes referred to as gift planning or legacy giving. A planned gift is any major gift, made during a donor's lifetime or at death as part of their overall financial and/or estate planning. When working with your qualified financial advisor, planned giving lets you decide the best way to give while maximizing the tax benefit to you and your family.

A planned gift is a reflection of our life, our loves and our deepest values.

Your gift of faith, hope and love empowers Salt and Light Catholic Media Foundation to strengthen our Catholic community through modern media. Your gift will bring people closer to Christ and enrich the lives of future generations of faith-filled Catholics.

The most valuable legacy we can pass to our children, grandchildren, and those we love is a spiritual legacy – the legacy of faith in Christ. When we consistently show them the value and relevancy of faith in Christ, we create an atmosphere where faith can thrive.

Leaving a gift in your will can make all the difference

A charitable bequest is a gift specified in your Will. You can designate a certain sum of money, a particular asset or a portion of your estate. A bequest in your Will lets you decide the best way to support Salt and Light Catholic Media Foundation while maximizing the tax benefits for your estate and for your family without affecting your current income.

Your legacy gift will help ensure Salt and Light Catholic Media Foundation's sustainability to continue our mission of Catholic evangelization through the media.

PLANNED GIVING PROGRAMS

Securities

Life Insurance

In-Kind

RRSP, RRIF or TFSA

Securities

When you transfer eligible publicly traded securities in-kind directly to Salt and Light Catholic Media Foundation, you may receive a charitable tax receipt for the fair market value at the time of transfer and you may avoid capital gains tax that would otherwise apply if you sold the securities and donated the proceeds. To donate, download our Gift of Securities - Letter of Authorization (PDF) and ask your advisor to initiate the in-kind transfer. For assistance contact Antoniette Palumbo at 416-971-5353 ext. 2227, 1-888-302-7181, or [email protected].

Life Insurance

Life insurance is purchased to protect loved ones from economic loss in the event of the premature death of the insured. Thankfully, few of us use it for the intended purpose, and life insurance can be used as an effective immediate or estate planning tool. For immediate tax savings, a policy owner can transfer an existing or new paid up policy and receive a tax receipt for the value of the policy.

You can also name Salt and Light Catholic Media Foundation as the primary beneficiary of all or a portion of a new or existing life insurance policy. This deferred gift to support our media mission provides no immediate tax benefits, but a donation receipt will be issued for any death proceeds received, which will offset the final tax obligations on your estate.

In-Kind

You can donate real estate, shares in privately-held corporations, royalty interests, works of art, jewellery or other property to Salt and Light Catholic Media Foundation during your lifetime or as part of a legacy gift. The donation receipt will show the current fair market value of the property contributed, which will be determined by one or more qualified, reputable appraiser(s) for gifts of $1,000 or more.Life insurance is purchased to protect loved ones from economic loss in the event of the premature death of the insured. Thankfully, few of us use it for the intended purpose, and life insurance can be used as an effective immediate or estate planning tool. For immediate tax savings, a policy owner can transfer an existing or new paid up policy and receive a tax receipt for the value of the policy.

You can also name Salt and Light Catholic Media Foundation as the primary beneficiary of all or a portion of a new or existing life insurance policy. This deferred gift to support our media mission provides no immediate tax benefits, but a donation receipt will be issued for any death proceeds received, which will offset the final tax obligations on your estate.

RRSP, RRIF or TFSA

You can designate Salt and Light Catholic Media Foundation as a beneficiary of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF) or Tax Free Savings Account (TFSA).* Naturally, if you are survived by a spouse or adult children, you will want to provide for your loved ones. However, if you are a single individual/surviving spouse without dependants or you have provided for your loved ones in other ways, designating Salt and Light as a beneficiary of all or a percentage of your RRSP, RIFF or TFSA allows you to make a significant legacy gift to our media ministry without compromising your current financial needs.

*For Donors in the Province of Quebec, please consult your tax professional as the guidelines for designating this type of deferred gift differ from the rest of Canada.

Securities

Life Insurance

In-Kind

RRSP, RRIF or TFSA

NEED HELP?

Establishing a legacy gift can be complex. Salt + Light Media does not provide tax or investment advice, but we encourage you to speak with your financial or tax advisor to ensure your gift aligns with your personal goals. We're happy to coordinate the receipting and transfer logistics with your advisor. Thank you for helping us share the Light of Christ.