Planning a gift to Domaine Forget de Charlevoix guarantees future generations of artists, students, and music lovers long-term access to this institution. The impact of your gift will last for years and allow thousands of young and established artists to continue shaping Domaine Forget’s history.
Planned giving increases the impact of your contribution to ensure the sustainability of Domaine Forget. Much like a one-time gift, it comes from the heart and represents your commitment do Domaine Forget’s mission however it emanates from deeper considerations. It is the result of financial, tax, and estate planning, as well as your personal and family situation.
A bequest is the easiest way to make a planned gift and allows you to maintain control of your assets during your lifetime. You have many choices: you can choose to give a percentage of your estate, a specific amount upon your death, or the residue of your estate. A bequest is eligible for the donation tax credit and can be claimed on the donor’s final income tax return following his or her death.
A life insurance donation can take many forms. The choice of terms will depend on your goals, age, and family situation. For example, you can name Domaine Forget as beneficiary or owner of a new or existing life insurance policy. During your lifetime, you may be able to benefit from tax credits for the premiums paid annually by naming Domaine Forget as the owner.
This type of gift can be immediate or deferred in your will. A transfer of securities may be more advantageous than a cash gift. The tax receipt will be equal to the market value of the securities at the time of transfer and will be exempted from tax on capital gains triggered by the gift.
The creation of an endowment fund consists of making a significant donation to Domaine Forget and designating a specific cause that will benefit from the income generated by the capital. The principal can continue to grow through additional contributions from the donor, family members of friends.
We recommend that you consult your financial or legal advisor to make a gift that is appropriate for your personal situation.
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