Planned Charitable Gift Giving

What is Charitable Gift Planning?

A Better Tomorrow For Our Community's Most Troubled Children.
You can make a difference in their lives.

Planned Giving is the thoughtful process of realizing your philanthropic objectives while optimizing your tax and other financial benefits. A planned gift may be outright, providing resources for immediate use, or it may be deferred, planned now for completion at a future time.

A Planned Gift:

considers your personal and family needs
allows you to carefully plan the impact of your gift now and for future generations
is tailored to your financial situation
can be made from your assets or current income
maximizes your tax, financial and estate planning benefits
is a tangible expression of the values you embrace throughout your life

Ways to give a Planned Gift:

The Wood's Homes Foundation's Tomorrow Society

Since 1914, Wood's Homes has played an important role in Alberta, extending help in many ways from long term residential care to community clinics for youth and families. With great pleasure we invite our friends and supporters to become members of the Tomorrow Society.

The Tomorrow Society recognizes and honours those who have included The Wood's Homes Foundation in their estate plans with a future gift through a bequest, life insurance, or trust arrangement, or have made an outright endowment gift to The Wood's Homes Foundation.

The Tomorrow Society is a special group of friends who believe in the purpose of Wood's Homes. They want to ensure a better tomorrow for our society's most troubled youth.

Now, we have the great pleasure of inviting our many friends and supporters to become Founding Members of the Tomorrow Society. While many donors have already made provisions for a future gift to Wood's Homes and are therefore eligible for membership, the society's role of Founding Members will be held open so that others may be included.

There will be no dues or other obligations, but each member of the Tomorrow Society will be invited as our guest to an annual recognition event and receive a certificate of membership and memento. With consent, a member's name will be listed with other Tomorrow Society members in our Annual Report and Foundation Matters publications.

If you have already arranged for a future gift, we would like to know about it. If not, we invite you to consider a bequest of any amount or other future gift provision.

Your support now is an investment in the future of children and families. Children and families will benefit from your help, and we look forward to expressing our gratitude through the Tomorrow Society.

Bequests

A donor can bequest to The Wood's Homes Foundation certain personal property or real estate, a specific sum of money or a percentage of estate assets. This can be for a designated purpose - we have sample will clauses available on request.

Direct Gifts

An endowment gift of cash, securities, or other assets. Donors receive an income tax receipt for the value of the gift.

Life Insurance

A relatively small commitment can translate to a significant endowment. A donor transfers ownership of an existing policy to The Wood's Homes Foundation or purchases a policy of which the Foundation is the owner and irrevocable beneficiary. You will receive a charitable receipt for the cash surrender value of the policy or the annual premiums paid on the policy. How much will it cost? Upon death, all proceeds will pass directly to The Wood's Homes Foundation.

Charitable Remainder Trust

Assets, such as cash, securities or real estate can be transferred to a trust and the donor receive income either for life or a period of years. When the trust terminates, the balance of the principal is distributed to Wood's Homes.

Residual Interest Trust

Property such as real estate, a stamp collection or a work of art can be transferred to Wood's Homes with donor retaining a life interest in the property.

Personal Benefits

Donors benefit from planned giving by becoming eligible for tax and estate planning advantages. Donors also benefit from knowing their gift will ensure the continued presence of Wood's Homes in our community, helping build a better tomorrow for Alberta's most troubled children. Specialists are available to explain more fully each of these gift plans and to assist you in meeting your financial needs and desires.

Frequently Asked Questions

Please visit the Frequently Asked Questions area.

Helpful Links

For more information contact:
Susan Fordyce, Fund Development Officer
Telephone: (403) 270-1724
Email: susan.fordyce@woodshomes.ca

How You Can Help