A donation in honor of a birthday, wedding, anniversary, graduation or other special occasion is a truly meaningful way to make a wonderful and memorable gift to your friends and loved ones.
It takes only a few clicks and your special ones will receive an e-card acknowledging your special gift to them.
Make a donation on our page, then email and notify us about wanting to send a card. Email us at email@example.com. You can personalize the message if you wish. We will send a card acknowledging your thoughtful donation. All e-cards are sent automatically with the submission of your donation form. Print cards take 5-7 business days.
Planned Giving is a creative way to make a gift to a charity. By making a Planned or Major Gift to Homes First, you will have the satisfaction of knowing that you are investing in its commitment to the people of Toronto with the fewest housing options and improving the quality of life for our residents.
The term Planned Giving is commonly used to describe a form of gift legally provided for by a donor, during his or her own lifetime. Planned Giving is best suited for the donor who is interested in merging personal financial objectives with charitable giving. Planned Giving programs provide a way for charitable organizations to develop the financial resources that are needed for its long-term sustainability, and therefore a brighter future. A Planned Gift to Homes First takes into consideration a number of factors, including; your short and long-term financial objectives, current financial circumstances, age, estate plan, family situation, and charitable goals.
The most common types of planned gift is A Charitable Bequest in a person’s Will. However, more and more Canadians are realizing the benefits of giving through methods such as:
Scroll down for helpful definitions of these terms!
Benefits of a planned gift
If you have already included Homes First in your will, life insurance, or estate plans, please let us know. This will give us the opportunity to keep you informed about Homes First’s current activities, explain how your gift will be used, and thank you appropriately for your generous commitment to our mission.
For more information on planned giving, please contact us at 416-214-1870.
Seek Expert Advice: Homes First recommends that you seek professional advice to ensure that your financial goals are considered, your tax situation is reviewed, and your gift is tailored to your circumstances.
A Charitable Will Bequest is a gift that is made through your will that instructs your executor(s) to leave one or more of your assets to a charitable organization(s). It allows you to make a significant donation upon death that you may not have been able to make during your lifetime. The Charitable Will Bequest can be cash, securities (stocks or bonds), real estate, or other tangible personal property. Your estate will receive a tax receipt, which is applied to the final income tax return
Seek Expert Advice: Homes First recommends that you consult your lawyer or estate planner regarding the specific working of any Charitable Will Bequest.
Donating stocks, bonds, and mutual funds is the most tax-effective way to make a donation. You can give a gift if publicly traded securities to Homes First and be taxed on only half of the gain.
Note: When transferring listed securities or mutual funds always ensure the securities are transferred directly to Homes First. If you sell the securities or redeem mutual funds, and then donate the cash to Homes First, there is no tax benefit as you will be taxed on the cash received.
Giving with life insurance is a creative way to donate to Homes First while allowing you to make a significant gift that you might not otherwise be able to give. Several ways to make a gift of Life Insurance to Homes First.
Seek Expert Advice: A life insurance representative should review in detail what would best fit your need. Before considering a gift of life insurance, you should already have satisfied any need for life insurance for the protection of your family.
A Gift Plus Annuity provides you with a guaranteed level of income for a set number of years, or for life; but it also provides an immediate gift to the charity of your choice. It is an ideal choice for those who may be concerned about the amount of tax they are now paying, or depleting the capital that generates your income.
Seek Expert Advice: Working out the terms of charitable gift annuity calls for financial planning advice. The size of the annuity and its age is used to calculate the size of your payment.
A Charitable Remainder Trust is a life income gift that enables you to give today and create immediate tax savings, yet retain the income from the donated asset. After a prescribed period of time or upon your death, the asset is transferred to the charity or charities you designated.
Seek Expert Advice: If you are thinking about transferring assets that have appreciated in value, you should seek expert advice from a tax specialist or financial planner. Homes First recommends professional advice to ensure your financial goals are considered, your tax situation is reviewed, and your planned gift is tailored to your circumstances.
A Gift of Residual Interest is a method of giving in which property is deeded to Homes First. However, you retain the use of the property for the rest of your life or a term of years. For example, you might give a residual interest in your cottage, but continue to use it and enjoy it over your lifetime. These types of gifts are usually given by those who plan to give the property through a will bequest to Homes First but would like to reduce income tax now, without any changes in your living arrangements.
Seek Expert Advice: If you are thinking about transferring assets that have appreciated in value, you should seek expert advice from a tax specialist or financial planner. Homes First recommends professional advice to ensure your financial goals are considered, you tax situation is reviewed, and your planned gift is tailored to your circumstances.
A Gift of Real Estate allows you to give an immediate gift and receive a tax receipt for the fair market value of the property. Gifts of Real Estate include principal’s residences, farms, land, and commercial property. Giving a Gift of Real Estate allows you to simplify your estate and give to Homes First during your lifetime. This type of gift may be appealing if you are looking at ways to reduce your income tax now and are not in need of the dollar proceeds of the sales of your property.