Planned Giving
These are some of the creative ways you can support Ethnos’ work around the world
Gifts by Will or Charitable Annuity
A bequest is the most traditional form of Planned Giving, allowing donors to retain full use of gift property during their lifetime while providing financial support of Ethnos Canada ministries following death. A charitable annuity is an arrangement whereby a donor may set aside funds for future use by Ethnos Canada while continuing to receive income from those funds and a receipt for income tax purposes during their lifetime.
Gifts of Interest Free Loans
An interest-free loan is a revocable agreement whereby a donor lends a portion of their excess financial assets to Ethnos Canada to be invested for either a pre-determined period of time or payable on demand. The interest earned on the principal provides support for the ministries of Ethnos Canada while remaining non-taxable to the donor. Arrangements can also be made for all or part of the loan to be forgiven at some point in the future, whereupon the principal itself becomes a charitable donation and a receipt for tax purposes will be provided.
Benefits from RRSPs and Pensions
Designating Ethnos Canada as the beneficiary of a retirement fund reduces the tax burden against your estate and provides financial support to Ethnos Canada immediately following your death by avoiding delays associated with probated wills.
Gifts of Securities
Transferring securities (e.g. stocks, bonds, and mutual funds) directly to Ethnos Canada makes it possible for donors to contribute the full value of the security to the Lord’s work and eliminate the capital gains tax. The donor receives a receipt for the full fair-market value of the transferred securities. To begin the process, please download, complete and submit our Gift of Securities form.
Life Insurance Gifts
Naming Ethnos Canada as either a partial or sole beneficiary of a life insurance policy is one way of providing ongoing support for the Lord’s work at the end of your lifetime. Depending upon the arrangement, you may receive tax benefits during your lifetime while making a larger gift than you may ever have thought possible.
Gifts of Endowment
An endowment is an enduring gift (usually of a substantial amount) given to provide continuing income to Ethnos Canada for years to come. The original gift is invested for either a specific period of time or indefinitely, thereby generating income to support the ministries of Ethnos Canada. An endowment may be established during a donor’s lifetime or created by bequest in a will.
To explore these opportunities, please contact our Finance Department at 519-369-2622 or finance@ethnos.ca.