Legacy donation and other planned giving
Planning a donation through a will is an excellent way to take a significant action to ensure that the Société de Saint‐Vincent de Paul de Montréal can continue its mission of support. Your values are part of your legacy. Several options are available. Whether through a bequest in your will, a life insurance donation, a donation of securities or an RRSP, you can choose an amount that suits you. No need to leave a fortune for your donation to be valuable.
Bequeathing a donation in your will, no matter the amount, confirms your support of the Société de Saint‐Vincent de Paul de Montréal and ensures it can continue its mission of supporting the needy.
Your will is your final statement about the values that you hold dear. Most people leave an estate at the time of death even if their assets are very modest. A legacy bequest is an action that makes all the difference; it is long-lasting and spreads hope in the community for generations to come.
You don’t have to notify Société de Saint‐Vincent de Paul de Montréal that your will contains a bequest in its name. However, we encourage you to let us know so that we can share our recognition and our thanks with you during your lifetime. Rest assured that we will keep your commitment confidential, if you so wish.
Did you know that you can choose to make a donation of the benefits of your life insurance by designating Société de Saint‐Vincent de Paul de Montréal as the beneficiary of your policy or by bequeathing the life insurance benefit in your will.
Life insurance donation is an excellent tool for your gift. It allows you to make a significant donation while paying only a small portion of the amount.
There are different ways to make a donation via life insurance, each has its own advantages.
- You remain the owner of the life insurance policy and designate the Société de Saint‐Vincent de Paul de Montréal as a beneficiary to your existing policy or by subscribing to a new policy.
Advantages: A donation receipt for the amount in capital will be given to your estate.
You transfer an existing life insurance policy (or you transfer a new policy) to the Société de Saint‐Vincent de Paul de Montréal which becomes the beneficiary and owner of the life insurance policy.
Advantages: The Société Saint-Vincent de Paul will issue, immediately, a receipt for the donation which corresponds to the market value of your existing policy. You will also receive an annual donation for the premiums that you will continue to pay, if any.
Planning a donation is a significant act, one which will leave your mark for future generations. It’s your last grand gesture which will define how you are remembered.
Did you know that it is possible, depending on your personal situation, to plan the donation of other financial products such as:
- In-kind donation
- RRSP donation
- Donation of publicly listed shares
- Residual interest donation
- Donation of real property
- Donation through a charitable annuity
- Donation by a charitable trust
- Creation of an Endowment Fund
Would you like to learn more about the different ways to provide a legacy donation? Consult our complete guide on donations and their benefits (click here).
We also invite you to consult our newsletter Le Lien (Click here) and its inspiring testimonies.
Claudia Côté is the planned giving adviser to the Société de Saint-Vincent de Paul de Montréal. She can help you with your philanthropic project. We also encourage you to consult a professional of your choosing (financial planner, notary, income tax expert).