| Give The Past A Future | |
| Whether supported through an outright
gift or planned gift, Norfolk Historical Society programs are made
possible through the generosity and commitment of people like you. To learn about the Planned Giving benefits to you, carry on reading below. |
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| How You Can Make A Difference Today A planned gift to the Norfolk Historical Society helps to ensure the future of programs and services offered directly to the next generation of visitors. As a donor, a planned gift allows you to perpetuate your belief that there is a story to be told, a lesson to be learned and a commitment to community to be shared. At the same time, you will realize tax savings either now or in the future, depending on the option you choose. |
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| Just what are planned gifts? Planned gifts include bequests through your will, gifts of marketable securities, gifts of life insurance and charitable remainder trusts. Bequests Bequests are gifts made through your will. You can give a specific piece of property, a specific sum of money, or a percentage of your estate. Your Benefits Planned today, a bequest is not paid to the Norfolk Historical Society until after you pass away. By carefully planning your bequest, you may eliminate all the taxes payable on death. Your executor can claim bequests up to 100% of the net income on your final two tax returns. Securities Donating is the least expensive way to make a gift of appreciated, publicly-listed securities such as stocks, bonds and mutual fund units. Your Benefits You will receive a charitable tax receipt for the fair market value of your donation and taxable capital gains are reduced a further 50%. You will receive the satisfaction of contributing a significant gift that will both benefit and support future generations at a reduced cost to you. Securities are tax-effective when given today or in the future through a bequest. Life Insurance There are many easy ways to donate using life insurance. You can give a new policy, an existing policy or simply name the Norfolk Historical Society as the beneficiary. Your Benefits A planned gift of life insurance can either save you tax dollars today, meaning immediate tax relief, or your estate can receive a tax credit for the face value of your policy. Payments of small premiums today can provide a significant contribution towards the future of Society programs. Charitable Remainder Trust A charitable remainder trust enables you to give today and create immediate tax savings as you retain the income or continue to make use of the donated asset. Your Benefits Charitable remainder trusts are powerful planning tools for people over age 65 who have made, or are planning to make a charitable bequest. You receive an immediate tax receipt for the present value of the donated asset and annual income from the assets in trust. |
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| Designating Your Gift All gifts to the Norfolk Historical Society are extremely valuable and will have a direct and long-term impact on the Society. An unrestricted gift however carries with it an added advantage: the flexibility to allow the Norfolk Historical Society the opportunity to better meet the needs and challenges of an unpredictable future. Donors may prefer to direct their contribution to benefit one of the Norfolk Historical Society's current programs: Your options for giving:
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| Recognition Thank you for honouring the Norfolk Historical Society by considering a planned gift. If you do plan to make a future gift to the Society through your Will, we would appreciate notification of the same. It is our goal to ensure that all future gifts to the Society are handled according to the wishes of the donor. This goal requires us to maintain accurate permanent records of our correspondence with future donors. As a registered charity, the Norfolk Historical Society can accept donations and issue receipts for income tax purposes. In return for your gift, we will include you in our list of supporters that appears in the Annual Report. To ensure that your Will, or any codicil to it, is valid and takes full advantage of current legislation, please consult your lawyer or financial advisor. Should you wish to discuss your gift in confidence, please contact Scott Gillies or call 519-426-1583. Norfolk Historical Society 109 Norfolk St. S. Simcoe, ON N3Y 2W3 Telephone: (519) 426-1583 Fax: (519) 426-1584 Email: [email protected] |
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