Planned Giving

Leave your legacy through a planned gift.

 

A donation that you arrange

NOW to be realized in the FUTURE!

Giving a bequest gift in your will allows you to make a major charitable contribution which may not be possible to make during your lifetime,  and will save your estate a sizable amount of money on taxes.  Коли ви  робите заповіт не забувайте про організації яким ви можете подарувати  великий благодійний внесок, який неможливо було зробити протягом вашого життя. Цей дарунок збереже значну суму грошей на податок.

The Ukrainian Canadian Congress-National would be honored if you would consider leaving your legacy in your will to ensure that the UCC-National continues to make our community strong, respected and influential. Конгрес Українців Канади був би вирізнений, якщо б ви вирішили залишити свою спадщину, щоб Національний КУК міг продовжуваи свою роботу на користь громади,  щоб вона була сильною, шанованою та впливовою.

Please talk to your legal advisor,  accountants and/or investment advisors. A planned gift can help get significant tax advantages and allows to make a gift at a higher level than what might have been considered possible. It is always a good idea to coordinate the planned gift with the charity/organization to ensure the maximum benefit is achieved.  If you do not want to do that, an unrestricted bequest is always the best option.

We thank you in advance!  Заздалегідь дякуємо Вам!

If you have any questions please call or email Janine Kuzma, Fund Development Manager at 416.524.7665 or janine.kuzma@ucc.ca

Why Give a Planned gift to the UCC-National?

  • To ensure that the work you have supported and believed in continues.
  • To make sure that our community’s and Ukraine’s interests are protected and represented.
  • To make sure that our community will be strong for many years to come.
  • It is a tax-effective way to support the UCC – your estate may claim gifts in the year of death up to 100 % of your net income in that year and the preceding year.
  • You will become a member of our Planned Giving Club. With your consent, you will be recognized in our donor listing.

What should I tell my family?

Talking it through with your kids is a crucial step. Explain that your charitable donation will offset taxes on the estate, and instead of your money going to the tax collector, they will go to your favorite organization.

Ways to make a Planned Gifts to the Ukrainian Canadian Congress-National.

Bequest: By designating the UCC as a beneficiary in your will, your gift will be eligible for a tax receipt, which may be applied to up to 100% of the income stated on your final return. Your bequest to the UCC may be one, or a combination, of the following:

  • A percentage of your estate
  • The residual of the estate
  • A specific dollar amount
  • Real estate
  • Stocks and securities
  • Gifts-in-kind  (UCC-National reserves the right to refuse gifts that are not of value or benefit to UCC.)
  • Insurance policies and annuities
  • Donations of retirement funds

Life Insurance: By naming the UCC-National as a beneficiary of your policy or transferring the ownership of your existing policy to the UCC, you receive a tax receipt for premiums paid after transfer. This is a very affordable option to create a significant legacy.

Annuities: Provide a cash gift to the UCC and have fixed income for the rest of your life.

Stocks and Securities: Donate publicly traded stock and securities and MINIMIZE tax paid on your estate.

RRSP,  RRIFs, and TFSA : Designate the UCC as the beneficiary of your RRSP or RRIF  or TFSA and your estate will receive a tax receipt for the full donation amount.

Charitable Remainder Trust and Gifts of Residual Interest: Arrange a trust for the UCC using cash, bonds, securities or personal property. You will receive a tax receipt today and can continue to benefit from the assets.

Memorial Gift: Ask your family and friends to donate to the UCC in your memory.

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Some practical tips on how to prepare to meet with your lawyer.

 

Create an Inventory of Assets and Liabilities.

Assets (listing co-owners and your interest in the assets).  For each item, indicate the organization (bank, trust company, etc.), account information and value of each item:

  • Money in savings and chequing accounts
  • Stocks and bonds, mutual funds, GICs, etc
  • Real estate, automobiles, jewelry, and other valuables
  • Life insurance policies; include values, beneficiaries, company and agent names
  • RESPs, RRSPs, RRIFs
  • Interest in businesses
  • Interest in a trust set up by someone else

Liabilities (Debts and Obligations)  For each item, indicate the debtor, account information, outstanding debt, and the repayment schedule:

  • Mortgages
  • Car or personal loans
  • Credit card balances
  • Any other debt

Identify Your Beneficiaries

Make a list of all of your close family members and friend whom you want to remember in your plans. Also include any charitable organizations you want to benefit after your life comes to an end – educational institutes, hospitals, places of worship, etc. A gift to charitable organizations through your estate can make a lasting difference.

Name an Executor

The executor is typically a spouse, sibling or child but can be anyone you trust to follow the directions you have stated in your will. You will want to choose someone who is honest and who has good organizational and communication skills and will be sensitive to the needs of your family. Naming an Alternative Executor may also be a good idea.

Typically, the executor will handle these duties:

  • Manage your estate
  • File your will for probate (the legal process of verifying your will)
  • Collect and manage your assets
  • Pay your bills and those of your estate
  • Arrange and pay for your funeral
  • Distribute your assets as you have indicated in your will

Document Check List.  Bring the following documents with you when you meet with your attorney:

  • Current wills, Power(s) of Attorney for Property and Personal Care
  • Property deeds
  • Marriage, Cohabitation, Separation, Divorce Papers
  • Business registration, Articles of Incorporation, Partnership Agreement, Shareholders’ Agreement
  • Registered investment statements (RRSPs, RRIFs, etc.)
  • Life Insurance policies
  • Investment account statements
  • Most recent Income Tax Return and Notice of Assessment

The drafting of a will should be arranged with the involvement of legal counsel.  It is preferable that you allow for the broadest possible flexibility for determining how your gift should be used by the UCC-National while at the same time ensuring that the UCC can carry out your wishes. Below see the information your lawyer might need:

Ukrainian Canadian Congress-National:  Charitable Number:  BN:119273464RR

UCC Address:  Ukrainian Canadian Congress-National, 203-952 Main St., Winnipeg, MB., R2W 3P4

UCC Website:    http://ucc.ca

Here is an example of suggested wording:

I give and bequeath to the Ukrainian Canadian Congress – National, Winnipeg, MB, the sum of $________ or ______% of my estate.

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