It’s important to be able to support your family as well as support the charitable causes that you’re passionate about. It’s a myth that you can’t do both!
Did you know that according to a recent report on the transfer of wealth in Canada, a majority of Canadians surveyed indicate they want to be able to support their children in the future. Of those surveyed, 65% said they currently give to charitable causes that they’re passionate about, but only 20% have plans to leave a charitable gift in their Will.
With the Oakville Community Foundation, we can help you do both.
There are lots of ways to continue giving back to charities that are important to you while leaving dollars in your estate to help your family. Just a small percentage of your estate can mean a large gift for a charity or cause that you supported throughout your lifetime.
Not only are there tax advantages to leaving a charitable bequest, but when you leave a bequest with a community foundation, you’re able to change the charities you want to support without having to adjust your Will.
Speak with us and your professional advisors about how you can prepare your Will to support the causes that matter to you through a Fund with the Oakville Community Foundation. Check out our Bequest Tax Calculator to get started and see what your dollars can do.
Making philanthropy a family activity
It’s important to share your charitable passions with your family. We encourage making philanthropy a family activity by fostering discussions on donations or the most prevalent issues in your community. This way, giving back is something for the whole family to take part in.
Giving together is a way to turn your family values into actions. When you involve your family, you foster multi-generational learning and collaboration with members of all ages, experiences and opinions.
To start, check out GIVEOakville, Oakville’s only online digital campaign supporting local charities that need your help. With a list of more than 50 charities, it’s easy to make your holiday donations into a family discussion.
Choose the causes that are most important to you and your family and explore the charities that are looking for your support. GIVEOakville provides this simple platform. It can also help you as you consider the idea of a Fund today or a future Bequest Fund, that will support your causes in the future. We’re here to help you support your causes and passions and give with purpose, now and in the future.
To explore GIVEOakville and make a donation, go to www.giveoakville.com