your guide to intelligent philanthropy
Transcription
your guide to intelligent philanthropy
LEAVE A LEGACY TM your guide to intelligent philanthropy LEAVE A LEGACY™ WATERLOO-WELLINGTON Vol.1 No.1 May 2012 Philanthropy Issue - FREE TABLE OF CONTENTS What is Leave a Legacy ....................4 The Benefits of Naming a Charity in Your Will..............................................5 Top Ten Things You Can Do ..............5 A Need That Had to be Met ..............6 Gifts of Securities ............................8 Legacy of Hope ..................................10 Canadian Legacy Builder ..................12 The Charity Child ..............................13 Gifts of Property ..............................14 Tax Friendly Legislation ....................15 Why Your Will is Important ..............15 Tax Benefits of RRSPs or RRIFs ......16 Charitable Remainder Trusts ..........17 Gift of Life Insurance ........................18 No Need to be A Millionaire..............19 Importance of Relationships ............20 Membership Directory ......................22 TODAY IS A GOOD DAY TO LEAVE A LASTING IMPRESSION Charitable giving lets you give back. Know your options. John Beynon* Matt Wilhelm* Christopher Annett* Peter Stern* Robert Wilson* Chris Moore* CFP® CLU CH.F.C. FLMI CFP® FMA CHS BA FLMI CFP® CHS BAS CFP® Danijela Covic Heather Kersell* CFP® CLU CHS Courtney Proudfoot* Natalie Lacroix* BA Mary Norman Holly Caetano Office Manager Manager - Business Development Kari Hilton Arlene Paul* Meaghan Pitcher Bea McBride Angela Shulist Michelle Karn Licensed Assistant Wealth Administrator Client Care Representative Reception, Client Service Office Assistant Office Assistant Cathy Christoff* Linda Serbu Wealth Administrator Administrative/ Marketing Assistant Century Group Financial Solutions Inc. 508 Riverbend Drive, Suite 102, Kitchener ON N2K 3S2 Bus 519-747-0058 Toll free 1-866-950-LIFE (5433) centurygroupfinancialsolutions.com [email protected] *Mutual funds offered by Sun Life Financial Investment Services (Canada) Inc. The advisors at Century Group Financial Solutions Inc. are contracted with Sun Life Financial Distributers (Canada) Inc. a member of the Sun Life Financial group of companies. © Sun Life Assurance Company of Canada, 2012. We Can Make a Difference Bettering Community with your Involvement his publication is a collaborative effort of the Golden Triangle chapter of Advocis (The Financial Advisors Association of Canada) and Waterloo-Wellington LEAVE A LEGACY™, a program of the Canadian Association of Gift Planners (CAGP-ACPDP™), to provide valuable information to the readers on planned gifting and charitable giving. Canadians are living in a time when an unprecedented amount of wealth is being transferred from one generation to the next. In the next two decades 3.5 million Canadians are expected to die, leaving an estimated $1.5 trillion to their families and community. The disturbing part is that only 30% of Canadians currently have an up-to-date legal Will. If this trend continues, about two million Canadians will end life without a Will to protect their assets in the next two decades. Without a Will, people lose the ability to control distribution of their estate to their chosen beneficiaries. By leaving a gift to a charity or not-for-profit organization in your Will or estate plan, you ensure your assets continue to help others into the future. Without a Will, your property and finances are settled according to federal and provincial laws, which may not coincide with your wishes. There are many ways to achieve your charitable goals without taking away from your family and loved ones. There are numerous options and types of planned gifts. Different giving options allow you to give and still provide for family members while receiving tax benefits at the same time. T Advocis is the Financial Advisors Association of Canada and the largest association of its kind in Canada with more than 11,000 members. Advocis members have various specialties including comprehensive financial and retirement planning, finance and wealth management, business succession, estate and tax planning, risk management and employee benefits planning. Our members are focused on understanding the financial goals that are important to you and your family. With the trend of governments cutting funding, various charities are in a position to need your support more than ever. This leaves you with some tough decisions. Make sure that your advisor or planner has the knowledge and experience to support you in making these decisions. Ask whether they are members of Advocis. Our association protects and promotes advisors in the public interest and we are committed to professionalism amongst our members. LEAVE A LEGACY™ is a national public awareness program that encourages Canadians from all walks of life to make gifts through a Will, life insurance or other gift planning instrument to the charitable organizations of their choice. By doing so, citizens will ultimately help the not-for-profit and charitable organizations sector continue to give back to their community. The Waterloo-Wellington LEAVE A LEGACY™ program works hand in hand with professional advisors in Will and estate planning as well as charities to encourage well planned and managed giving. Across Canada there are 22 local LEAVE A LEGACY™ committees that oversee the work of educating the public. This grassroots collaborative effort includes local charitable organizations, professional estate and financial planning organizations, financial institutions, community foundations, other funders and the media which have embraced the underlying principles of philanthropy. The LEAVE A LEGACY™ program’s goal is to raise awareness of the importance of thoughtful, well planned, tax preferred gifts and their impact on the quality of life for everyone in our communities. A legacy gift can benefit all not-for-profit groups large or small. For more information and resources, please visit: www.leavealegacy.ca and www.advocis.ca. Darren Sweeney, CFP, CHS Certified Financial Planner® Professional 2012 Advocis Golden Triangle Chapter President 2012 LEAVE A LEGACY™ Waterloo-Wellington Chair INTELLIGENT GUIDE TO PHILANTHROPY • MAY 2012 | 3 LEGACY IN ACTION What is Leave a Legacy? Building awareness and partnerships EAVE A LEGACY™ is a national public awareness program designed to educate and encourage people to leave a gift through their Will or any other gift planning instruments to a charity or nonprofit organization of their choice. LEAVE A LEGACY™ does not solicit gifts for any particular organization. LEAVE A LEGACY™ is a donororiented education campaign to raise awareness of the importance of including a charitable gift in the estate planning process. The Waterloo - Wellington LEAVE A LEGACY™ Program is a regionwide program (Kitchener-Waterloo, Cambridge and Guelph areas) that aims to build local awareness of the benefits of making planned gifts that better those in our local community. The local program also aids in building partnerships between donors, charities and not-for-profit organizations and gift planning professionals such as estate planners, financial advisors, insurance professionals, accountants and lawyers. A program of the Canadian Association of Gift Planners (CAGP-ACPDP™), LEAVE A LEGACY™ is a collaborative effort of donors, charities, not-for-profits and professional advisors. The LEAVE A LEGACY™ program’s goal is to raise awareness of the importance of thoughtful, well-planned, tax-preferred gifts and their impact on the quality of life for everyone in our communities L WHY LEAVE A LEGACY? • To enrich people’s lives: Every day, people are helped and lives are enriched by the work of registered charities and foundations, and other notfor-profit organizations in our communities. Meals for isolated seniors, summer jobs for disadvantaged high school students, funding for mental health or cancer research or a live performance by a local arts organization are just some of the ways not-for-profit organizations improve our lives. Canadians give for many different reasons: for some it is a way to ensure their memory lives on, for many it’s a way to 4 | www.exchangemagazine.com ensure that their favourite charity is able to continue its important work, while for others it represents a way to facilitate the tax implications that come with the transfer of one’s estate to surviving relatives. • To provide support: Financial assistance is essential to support and sustain charitable work. Many people generously share their money, time and energy with local not-for-profit organizations. And many people are unaware that by leaving a gift in their Will or estate plan to the charitable groups of their choice, they can continue to help people in need or promote a favourite cause. We wish more funding were available for medical research, for homeless shelters, or a treasured arts or music program. Charitable organizations need financial assistance from people like you to continue their work. By making bequests and other “planned gifts”, you can continue to help organizations that are making an important difference in your community. What better way to thank the people or organizations that have had an impact on your life, than to make a contribution from your estate through a bequest in your Will? • To leave a memory Choosing to leave a gift from the heart brings meaning, dignity and purpose to a life well lived. Your gift is your opportunity to participate in the charitable and community work most meaningful to you, in a way that allows these important causes to be well supported now and long after you have gone. Personal philanthropy through a Will can be an additional way to ensure that your memory lives on. Surprisingly, a gift can also be a very practical addition to a financial or estate plan when tax issues are taken into consideration – even for those who think they may not have tax issues. In most cases, the tax burden left to relatives is lifted significantly. Your professional advisor can teach you how leaving a planned gift can actually benefit your family after you’re gone. Together we can make a difference – the difference these days, is that you can impact the causes you care about by including them in your Will or estate plan. • To contribute to the future Personal philanthropy can help contribute to the sustainability of a not-for-profit organization or charity of your choice. In life, many of us require some kind of assistance, whether it’s physical, financial or spiritual. Perhaps a local organization or charity has a special place in your heart. Maybe you were given a scholarship that made the dream of college possible. You or a loved one may have been shown especially compassionate care in the hospital during an illness or injury. It is during life’s many trials when we are reminded that more could be done to continue personal philanthropy which support humane acts of kindness and help uphold programs for personal enrichment. By leaving a gift that lives out your legacy, you are making a significant contribution to the future sustainability of those charitable organizations that you value most. TOP 10 THINGS YOU CAN DO TODAY TO LEAVE A LEGACY 1. Prepare a Will. By preparing a Will, you ensure that your wishes for sharing your legacy with others are guaranteed. Be sure to share this information with your loved ones, so they too can be part of your lasting gift. 2. Leave a gift in your Will to the charities that have touched your life. 3. Leave a specific amount or a percentage of your estate. By being specific, you ensure your wishes for your gift will be met. 4. Consider gifting some of your assets, such as stocks, bonds, cash, real estate or art to your charities. 5. Name a charity as the beneficiary of your RRSP, RRIF or pension if possible. 6. Consider leaving a charity as the beneficiary of an existing or paid up life insurance policy. 7. Invest in a new life insurance policy naming your favourite charity as the beneficiary. 8. Remember loved ones with memorial gifts. 9. Encourage family and friends to leave legacy gifts in their Wills. 10.Ask your financial or estate planning advisor to help you leave a lasting gift and to include charitable giving as part of their counsel when working with clients. The Benefits of Naming a Charity in Your Will utting a charity in your Will is the simplest way that you can leave a charitable legacy. With a charitable beneficiary, you will be remembered after your death for the values that you held dear during your lifetime. You will feel good now knowing that you will be making a significant and lasting difference to causes that you care about. Your charitable gift(s) can be in the form of a fixed amount or it can be a percentage of what is left after tax and other costs have been paid. If your beneficiary is a registered charity, your estate will receive a charitable gift receipt in the amount of your gift which will offset taxes owing on your estate. The charitable tax receipt can be applied up to 100% in the year of death and in addition, carried back one year. You may feel concern that heirs will receive less if charity is named in a Will. Your family and others who Large aydon r G d depend on you should always re an Deird come first. However, because tax is almost always owing in an estate, through income and/or capital gain, a charitable receipt can offset tax owing and quite simply re-direct some or all of the money in the estate that would go to tax. Your advisor(s) can help you to decide if this is best for you. It is recommended when drawing up your Will, that you consult a legal advisor who can ensure your final wishes are met. As well, it is recommended that you consult with family members so they are involved in your legacy decisions. P INTELLIGENT GUIDE TO PHILANTHROPY • MAY 2012 | 5 LEGACY IN ACTION “If we didn’t have interested businesses to support us, we couldn’t do it.” Pictured from left to right Mike Bystriansky, Warehouse Manager; Darlene Ruiter, Board President; Debrorah Cripps, Community Outreach Director; Pauline Cripps, Volunteer; Kevin Cahill, Volunteer/Sponsor, front, Marilyn Worobec, Executive Director 6 | www.exchangemagazine.com A Need that /Had to be Met0 Demand for Guelph Food Bank services is increasing by eight per cent annually BY PAUL KNOWLES evin Cahill, founder of Canadian Legacy Builder, is not only a corporate donor to the Guelph Food Bank but also has been a volunteer for the past seven years. Why? Because he knows the Guelph Food Bank is vitally important to the lives of thousands of people. He is passionate about the Food Bank as his wife, Debbie, was the beneficiary of the Christmas hampers through the food bank in North Bay where she grew up. Debbie and her sister were the children of a single mom who needed the compassionate, practical help of a food bank, and Kevin and Debbie constantly remember and remind their children to never forget the difference that it made. Marilyn Worobec and her friends recognized a need for that kind of compassionate, practical help in Guelph, and in 1987, they founded the Guelph Food Bank. Marilyn continues as Executive Director of the food bank, today. The facility is a ministry of the Spiritwind Christian Centre. It’s a remarkable story. The Guelph Food Bank has only two and a half full-time staff members, but the organization logs 100,000 volunteer hours each year, and provides muchneeded food to 22,400 people. And that doesn’t include assistance provided through other agencies. In all, the food bank distributed over 1 million pounds of food last year. Marilyn and her colleagues, including community outreach director Deb Cripps, are both humble and dedicated to their work. They are full of praise for their volunteers and their financial supporters, including their original landlord, Guelph businessman John Barber, who initially rented them the food bank facilities, in 1989, and nine years later, donated the facilities themselves to the Guelph Food Bank. The buildings cover 94,000 square feet. However, the property also carried a $1.5 million mortgage. The Food Bank occupies 16,000 square feet; the rest of the property is rented out. The Guelph Food Bank has come a long way since it began operations in Marilyn’s garage, but as she says, the need is great, and therefore the facility needed to be big enough to meet the need. The need was the reason for being. In 1987, “there was nothing here in the city.” Marilyn began to contact other churches and businesses. The response was immediate: “They have been very supportive, all of them.” She notes, by the way, that while the Food Bank is an outreach of her church – “we do not proselytize” – the help is given with no strings attached. The Kinsmen Club donated money to cover the Food Bank’s first year’s rent. Deb notes that grocery stores K welcomed donation barrels. The Guelph Food Bank has been so successful at garnering crucial community support that they now help 33 agencies and small food banks throughout the geographic area. The need was clear in 1987; it is much clearer, today. Marilyn says that “the demand has continued to go up.” Deb adds that requests for assistance increased by eight per cent, last year alone. “We’ve been able to meet the need,” says Marilyn, “through the strong support system that’s been developing over the past 25 years.” The food bank functions with no government funding, and no United Way funding. The support comes from hundreds of people like Kevin. “It gives hope to people who have experienced a tough period in life. It gives them the opportunity to more forward and recover.” The Food Bank, he says, “fills an enormous need.” He says that he and his wife know that they are very fortunate to be where they are in their lives. It is their passion to give back to the community that has been so great to them. Marilyn says this kind of support is critical for the Food Bank. “If we didn’t have interested businesses and people like Kevin being there to support us, we couldn’t do it.” The Guelph Food Bank is committed to providing assistance across the spectrum of community needs; they have launched other programs, including a day care centre that hosts 85 children, and employs a staff of 26. The success of the Guelph Food Bank has made the organization a model for other communities. Food bank organizers have come to learn from the Guelph Food Bank from Costa Rica, Brazil, Trinidad, El Salvador, Alabama, Louisiana and other international locales, and have returned home to found successful food banks in their communities. They have understood the essential motivation of the Guelph Food Bank: “We saw a need, and the need had to be met.” LEGACY PROFILE BROUGHT TO YOU BY: www.canadianlegacybuilder.com INTELLIGENT GUIDE TO PHILANTHROPY • MAY 2012 | 7 LEGACY IN ACTION Gifts of Securities ifts of securities receive favorable tax treatment. In its 2006 budget, the Canadian federal government eliminated capital gains tax on listed stocks when transferred directly to registered charities. These can be in the form of publicly traded stocks in Canada and major international exchanges, mutual funds, bonds or futures. You will receive a charitable receipt for the market value of the securities, just as though you had donated cash. When combined with the charitable receipt for the value of the securities, this provides a great deal of tax benefit to you, the donor, while giving support G to the work of a charity that you value. If instead of cash, you transfer your shares now worth $20,000 directly to the charity, you will not have to pay tax on your gain. You will also receive a $20,000 charitable receipt to apply against your taxes. Selling Shares on the Market & Donating Cash Donating Shares Fair market value of shares $100,000 $100,000 Cost of shares $20,000 $20,000 Capital gains realized $80,000 $80,000 Taxable capital gain $40,000 (50%) $0 Taxes payable (assume 46%) $18,400 $0 Tax credit* (assume Ontario resident) $46,000 $46,000 Net tax reduction $27,600 $46,000 This example is only for illustration purposes. The tax impact will depend on individual donors’ circumstances. *Donation tax credits may be carried forward for the next five years. Editorial Committee and Contributors: • Darren Sweeney, Certified Financial Planner, Professional [email protected] • Gillian Flanagan, KidsAbility Foundation, Development Officer [email protected] • Lisa Talbot, KidsAbility Foundation, Executive Director [email protected] • Dipali Batabyal, University of Waterloo, Development Officer [email protected] • Sharon McKay-Todd, University of Waterloo, Associate Director, Planned Giving [email protected] • Susan St. John, MS Society, Executive Director [email protected] • Jesse MacDonald, Desjardins, Financial Security Life & Health Insurance Advisor [email protected] • Jon Rohr, Exchange Magazine for Business, Publisher [email protected] • Paul Knowles, Exchange Magazine for Business, Editor [email protected] Some editorial material supplied by Niagara/Golden Horseshoe LEAVE A LEAGACY™ Program. PUBLISHED BY EXCHANGE BUSINESS COMMUNICATIONS INC. 8 | www.exchangemagazine.com Join a Winning Team Making Friends One at a Time. Ad sponsors: • The Memmott family in memory of Roy McNichol • The Moore and MacDonald families in memory of Jim Nickling • Cathy Purdom, Mayfair Financial • Peter Willwerth, Desjardins Financial, Security Independent Network Kendra and Jasper • John and Jan Uren • Nancy Ackert, Mortgage Alliance 1488 2nd Concession Road West Lynden, Ontario L0R 1T0 519-721-1068 | www.autismdogservices.ca I helped ADS bring Kendra and her service dog together. I assist families and corporations support worthy causes through prudent and efficient estate and succession planning. I help families multiply their contributions to make this world a better place. Jesse MacDonald, BA M.Ed Life and Health Insurance Advisor 675 Queen St. South Box 230, Suite 615 Kitchener, ON N2M 1A1 TEL: 519-732-8980 [email protected] www.jessemacdonaldinsurance.com LEGACY IN ACTION “We were impressed by the support they give to the families” Bill and Heather Spall pictured above, pictured right the Arsenault family Mom Sandra with Carly on her lap, Carly’s sister Lauren and Hazel and Dad Jamie 10 | w w w . e x c h a n g e m a g a z i n e . c o m /A Legacy of Hope0 Building a brighter future for children with special needs BY PAUL KNOWLES ill Spall has been a volunteer member of community service groups for his entire adult life. Heather Spall had a career as a school teacher. When this couple reached their retirement years, they were aware of the needs in their community, and eager to do what they could to make a difference. The Spalls wanted to be sure that any contribution they made to a community organization really made a difference. And so, they chose KidsAbility. KidsAbility’s mission is to empower children and youth with special needs to realize their full potential. The Spalls agree that KidsAbility is accomplishing its goals. Heather has volunteered at KidsAbility for seven years, supporting teachers here. As a result of their commitment, the Spalls have chosen to leave a legacy through their Will to ensure the future needs of the children and families served by KidsAbility are met. The Spalls were drawn to KidsAbility because “we were impressed by the staff, by the support they give to the families,” says Heather. Bill adds, “and by the families themselves.” The Spalls are creating an endowment fund through a charitable bequest in their Will because “we wanted to leave something to the community, to be as effective as possible.” When the gift is received from their estate, it will be managed by KidsAbility Foundation, with investment income annually supporting the important work of the agency. The Spall family is supportive of this fund. Bill says, “Our kids are aware of what we are doing, and they’re on board.” “This kind of support is so critical,” says Lisa Talbot, Executive Director of the KidsAbility Foundation. “With the support of our legacy donors, the future is bright for the children and youth who receive life-changing services at KidsAbility.” KidsAbility relies on annual donations from individuals, Rotary Clubs and other service groups, corporations, foundations, and other organizations. Nearly 10% of the $13 million annual budget comes from those sources, and the need is greater than the resources, according to Lisa. “Our donors are very instrumental in helping us provide the best care we can,” she says. KidsAbility families truly believe they are experiencing “best care”. For example, Sandra Blatt-Arsenault talks about her daughter, Carly, a little girl with Down syndrome: “KidsAbility really has been essential for Carly’s development. They are fantastically dedicated people. They’re like family. They have helped teach us all the ways to assist Carly to become all she can be.” B And Deirdre Large speaks about her son, Graydon, who has Congenital Muscular Dystrophy. Graydon first visited KidsAbility when he was 11 months; he is now 11 years old. “His physical progress has been amazing,” says Deirdre. “He’s also speaking well.” Lisa says that so much good is being accomplished through KidsAbility, but she admits that the need is greater still. “The need continues to grow as our communities grow.” KidsAbility has evolved over the past 55 years to meet the changing needs of children and youth in Waterloo Region and Wellington County. Today, KidsAbility supports children and youth with developmental disabilities and delays related to premature birth, medical syndromes such as coordination disorders and autism; physical disabilities such as spina bifida and cerebral palsy; and in Waterloo Region, communication difficulties in language, articulation, fluency and voice. KidsAbility’s impact doesn’t stop with the child. This is truly a family-focused organization. Deirdre Large says her husband, Peter, and sons Graydon, Garrett and Griffin have all “been guided by the people at KidsAbility the whole time.” Carly Arsenault’s family feels the same connection to KidsAbility. The Cambridge family includes mom Sandra, father Jamie Arsenault, Carly and sisters Lauren and Hazel. Sandra says, “Carly utilizes KidsAbility on a weekly basis for speech, physiotherapy and occupational therapy.” KidsAbility team members have also worked with all family members so they understand the best way to support Carly. The word support is really the key. The dedicated team at KidsAbility supports children and their families; but they can only do so with the commitment and support of people like Bill and Heather Spall, who are finding creative and proactive ways to help KidsAbility make a lasting impact for future generations. LEGACY PROFILE BROUGHT TO YOU BY: JOHN GRIGGS Partner Corporate and Commercial Law [email protected] 519.593.3231 EILEEN QUINN Associate Wills, Trusts and Estates [email protected] 519.593.2399 I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 11 There Must be a Better Way LEGACY IN ACTION evin Cahill is passionate about his family, his community, and his vision, which is why he founded Canadian Legacy Builder with the purpose of securing lifestyles and family legacies for people who care. Kevin genuinely cares about helping people help others. And his own efforts are in synch with his business objectives – he volunteers at the Guelph Food Band, is Chair of the Young Professionals Network, and has been Area Director of Guelph Business Networking International, president of the Rotary Club of Guelph South, treasurer for the Canadian Therapeutic Riding Association, vice chair of the Guelph Chamber of Commerce and treasurer for the AIDS Committee of Guelph and Wellington. Why? Because Kevin is a man who looks for solutions. Kevin became involved in legacy planning because of a number of personal learning experience. He began his career as a financial planner, but legacy planning became the focus in 2006 when, as treasurer of CANTRA, the organization received a bequest of $40,000. Due to the public process, as treasurer Kevin was able to see the will and full statement of financial accounts, and saw that while the organization was fortunate to receive the donation, it could have been almost $80,000, as half the estate was lost to taxes and fees. Kevin realized there must be a better way, and he set out to find it. “I wanted individuals to be able to make a bigger difference to the people they love or the causes they care about and not have their hard earned wealth lost or stolen to the government or the legal system.” Canadian Legacy Builder was born in 2009 as a result of another difficult but invaluable learning opportunity as Kevin’s father lost his battle with cancer. When Kevin’s grandmother passed away in 1996 Kevin’s dad witnessed a very large estate lost, due to a variety of reasons. “Dad created a plan that would ensure that 100% of his assets pass quickly and tax free to the people he loved and the causes he cared about, as he did not want the same fate to happen to his family.” Kevin was the executor of his father’s estate and when his dad passed away, the estate passed to the family quickly, and a substantial amount also went to his favorite charities – while the government received next to nothing. After this experience Kevin declared, “If Dad can make the advance plans to make a massive difference, why can’t everyone!” K So Kevin created his own professional category to fill a very large need. “Financial advisors and financial planners, especially within a banking institution, are great at helping people accumulate assets and either helping them grow their assets, or lose them – which has become the norm in the past few years. But no one is answering the question ‘What happens next?’ after major life events. A legacy planner is someone who specializes in securing our advocates’ lifestyle while they are alive and creating a lasting legacy for the people and/or causes they care about after they leave this world.” Kevin wishes family harmony and perpetual family values as goals for his clients which echo his commitments to his family and his community. Everyone who has ever been loved by someone leaves a legacy of some kind. Kevin recalls being with a friend who lost both his parents in the same year and Kevin witnessed his friend write a cheque for $196,000 to Revenue Canada; the memory of his parents became, ‘How can two educated people let this happen?’ “There is that old saying: no one plans to fail, they just fail to plan. Most people think that a Will is an estate and legacy plan, but it really is just one piece of the greater puzzle.” Kevin says, “Our desire is to help families start the conversation about what happens next, and work with them through The Ancestor Builder™ so that they can become great ancestors. And the best part is the only cost is time.” Kevin says that the amount of the estate is not important but planning to utilize that estate for the benefit of family and the community is. “All that is important is to have strong family values with a desire to make a difference and leave the world better than how they found it.” For more information about becoming a “great ancestor,” contact Kevin at www.canadianlegacybuilder.ca. Kevin Cahill 12 | w w w . e x c h a n g e m a g a z i n e . c o m The Charity Child Your community as part of your family hen thinking about preparing a Will most individuals divide their estate among their immediate family. They want to be sure that they can provide for the needs of their loved ones. But what people may not consider are the possible tax consequences to this decision. Ask yourself, “If you had a choice to give a portion of your estate to the government in tax or leave a gift to a charity‚ which one would you prefer?” The answer is probably obvious, but it might still be difficult to know how to make the gift a reality. One creative way to give to charity is to include a Charity Child in your Will planning. Some worry that the tax burden placed on their estate will prevent their children from inheriting all that they should. Some feel it’s not their problem – “the children will work it out.” Including a Charity Child could be of real benefit to those who are interested in providing for their loved ones, leaving a legacy to their community and limiting their estate to the exposure of estate taxes. Here’s an example: Through careful estate planning a family with three children divides their estate into quarters, leaving the last quarter to go to not-for-profits or charities that have W touched their lives. Upon the passing of both parents, the Will outlines that each child will receive one quarter of their parent’s estate. The fourth quarter is dedicated to the Charity Child and directed to the causes that are dearest to their hearts. By placing a charitable bequest in one’s Will, the estate will benefit and receive a charitable tax receipt for the gift. This will help to offset any taxes payable to the government. The children will still receive the portion of the estate generously left for them as well. What is also very important is the children can celebrate their parent’s legacy of making a difference in the community through their philanthropic dreams. CHARITY CHILD CONCEPT Charity Child Child 1 Child 3 Child 2 I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 13 Gifts of Property LEGACY IN ACTION ou can choose to make a gift of property outright; or you may irrevocably assign ownership and receive the tax benefits now while enjoying the use of the property for your lifetime. You will have the satisfaction of knowing that the sale of the property now or eventually, will provide funds to support the work of your charity. Houses, cottages, commercial buildings and land, jewelry, antiques, art and vehicles are examples of personal property that can be used to make a significant contribution. Because all property has a cash value, the donor is entitled to a tax receipt for the full market value of the property. 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"EWPDJT¥ JT B USBEFNBSL PG 5IF F 'JOBODJBM "EWJTPST "TTPDJBUJPO PG $BOBEB 14 | w w w . e x c h a n g e m a g a z i n e . c o m 1 How to LEAVE A LEGACY • Leave a Gift in your Will • Gifts of Life Insurance • Gifts of RRSPs or RRIFs • Gifts of Charitable Remainder Trusts • Gifts of Securities • Gifts of Property There are many ways to leave a gift to a not-for-profit or charity that has touched your life. Be a Lasting Champion of Children1s Mental Health I no longer had any hope…you have put the hope back into my life.” These words, as reflected by this 14 year old girl, capture the essence of our work at Lutherwood – putting hope back into lives. Emily came to us as a very isolated youth who continually lashed out in anger. Her family had all but given up on her. She had no friends. She wouldn’t get out of bed in the morning for school. She struggled so significantly with depression and anxiety that she didn’t want to live. Once at Lutherwood, the changes came slowly. But over time, with the unwavering support of the staff team at Lutherwood, healing work began in Emily’s heart and mind. This past June, she was one of 10 youth who graduated from grade 8 at Lutherwood, and is now “ integrating back into her community school. Emily is not alone. One out of five children struggle with some sort of mental health issue. At Lutherwood’s Children’s Mental Health Centre in Waterloo we work to bring hope back into the lives of children and their families who have been deeply burdened with mental health issues. Ranked #1 in all of Ontario (by Children’s Mental Health Ontario), the Children’s Mental Health Centre is often the “last resort” in treatment options for these youth who struggle to find their way. But we can’t do it alone. We need friends in the community who will partner with us and will be a lasting champion of Children’s Mental Health. For more information on how you can leave a legacy please contact Kim Lester, Manager, Donor Relations, [email protected] or 519-884-1470. TAX FRIENDLY LEGISLATION WHY IS YOUR WILL IMPORTANT The LEAVE A LEGACY™ goal of advancing philanthropy is supported by federal government legislation. By implementing legislation that allows Canadians to claim donations and other benefits in their taxes, the federal government encourages an increase of gifts to charities from individuals and corporations. Statistics Canada reports that, in 2010, 23% of Canadians filling tax returns claimed a charitable donation. These claims totaled $8.3 billion. Significant tax incentives make gift planning even more attractive, particularly for those gifts left in a Will. By making it easier to leave a gift, the federal government through its beneficiary legislation helps to promote the LEAVE A LEGACY™ program message, and allows Canada to continue its rich history of giving. Your Will or testament guarantees that your property and assets will be regulated according to your desires. Without a Will, there is no mechanism in place to make a bequest. Here are some steps you should take to ensure that your wishes are granted: 1. Make a detailed list of your assets (financial, real estate, vehicles, jewellery, collectibles, musical instruments, etc.). 2. Make a list of organizations or causes you would like to support. 3. Set up an appointment with your professional advisor (i.e. financial analyst, attorney, or planned giving officer) to discuss your options. Your professional advisor can help you decide which option(s) will work best for you and your family. I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 15 The Exemplary Tax Benefits of RRSPs & RRIFs LEGACY IN ACTION aming the charity of your choice the partial or full beneficiary of your RRSP or RRIF is one of the most tax effective ways to leave a legacy. This is because RRSPs and RRIFs are among the most highly taxed assets in your estate, hence the charitable tax receipt offsets any taxes owing against your estate. At death, RRSPs and RRIFs are treated as if they have been cashed all at once and are added to income in the year of death. For example, this could mean that an income of $35,000 in the year of death could N become an income of $135,000, if there is $100,000 in RRSP or RRIF income added. The income would be taxed at the highest tax level, in many cases, directing approximately half the RRSP or RRIF to taxation. A charitable receipt can be applied up to 100% in the year of death and in addition, can be carried back one year. BLAZE A TRAIL IN LAURIER’S SECOND CENTURY Legacy donors give future generations a boost. University students are fuelled with hope for a bright future. Lead the way with a legacy of generosity through a charitable bequest in your will. Your encouragement will help carve a path of success for decades to come. To learn how easy it is, contact Cec Joyal, Development Officer, Individual & Legacy Giving at [email protected] or call 519-884-0710 x3864. wlu.ca/giving WILFRID LAURIER UNIVERSITY Waterloo | Brantford | Kitchener | Toronto 16 | w w w . e x c h a n g e m a g a z i n e . c o m Charitable Remainder Trusts Charitable Remainder Trust provides you with income for life; then, after your lifetime, the assets pass to the charity for charitable work. You receive immediate tax relief in that a charitable receipt for the remainder of the full market value is provided at the time that the trust is established. A trust can also be set up to provide income for a surviving spouse or other family member. In that case, the assets would pass to the charity only after both spouses have died. A charitable remainder trust can be funded with cash, securities or real estate. Charitable remainder trusts are irrevocable gifts. The donor is most times entitled to a charitable receipt at the time that the trust is created, giving tax relief during the donor’s lifetime. The receipt amount is A based on the present value of the remainder interest determined by the remainder of the fair market value of the assets. The charitable tax receipt is often within a range of 2060% of the value of the assets. Benefits include: • a steady income and immediate tax benefits • expert financial management • allows you to make a significant gift • avoids probate A well-st well-structured tructured charitable c legacy dependss on expertt planning. planning. . Scotia Privatee Clien Client nt Group is the leading g provider of philanthr philanthropic ropic donor solutions in Canad Canada. da. Whether it is a Private Private Foundation, personal nal fund or helping structure gifts, g we have the means means and knowledge to help h you make a lasting impact for generations to come. ® To learn more contact: contact: Elizabeth Eli b th Heald, H ld Director Director i t & Head H d Scotia Private Client Clien nt Group Kitchener-Waterloo, Kitchener-Waterloo, Cambridge, Guelph, Guelph, and area Telephone: 519-74 519-743-4233 43-4233 Toll free: 1-866-24 1-866-240-7340 40-7340 [email protected] elizabeth.heald@sc cotiaprivateclient.com ® Registered Registe red trademarks of The Bank of Nova Scotia. Sccotia.TM TTrademark rademark of The Bank of Nova Scotia. I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 17 The Amazing Benefits of Leaving a Gift of Life Insurance LEGACY IN ACTION ne potential application of life insurance is through full paid up policies. If you have a fully paid up life insurance policy that has value but is no longer needed, you can realize a charitable receipt in the fair market value of the policy that can be applied for current tax relief. Life insurance can be powerful ally in increasing the amount of the value of an estate. Through a series of smaller payments during your lifetime, you can make a large charitable gift at the end of life. This is accomplished through the magic of leveraging. For new policies or those that are assigned before fully paid, tax benefits are available as follows: a) If you name the charity as beneficiary and irrevocable owner of the policy, you will receive an annual tax receipt for O the full value of your payments that can be applied against your present taxes. The charity receives the money for its charitable purposes on your death and there is no charitable receipt to your estate. b) If you name the charity as beneficiary and continue to own the policy, your estate will benefit from the charitable receipt on the value received at death. A benefit to naming a charity directly on your policy is that there is no need for the gift to pass through probate. It passes outside your estate, thereby saving money in your estate and the gift is not subject to contest. Life insurance can also be utilized as wealth replacement. For instance, you can replace the full value of a gift to charity in your estate by taking out a life insurance policy that will pay Creating a legacy A gift of life insurance is just one way you can help Waterloo continue providing one-of-a kind educational opportunities. The university’s gift planning experts are available to work with you to explore these options and help you achieve your legacy goals. For additional information on how you can create a legacy at Waterloo, please contact Sharon McKay-Todd at 519-888-4567, ext. 35413 or [email protected] Planned Giving | Office of Development development.uwaterloo.ca/plannedgiving “For me, as both a graduate and a staff member, Waterloo has become a very important part of my life. I’m thrilled to be able to advance the university’s cause. Creating an award, through a gift of life insurance, for students who contend with disabilities while they complete their degrees, is one way I can make a difference in the world.” 6720 – Ildikó Dénes (BSc ’98) 18 | w w w . e x c h a n g e m a g a z i n e . c o m Pictured Sharon, Jaxon, Jason Giles, Diane Milley and Mya Giles your estate that same value on your death. The charitable tax receipt received by your estate for the value of your charitable gift will reduce tax payable in your estate. In this way you can: make a significant charitable gift; reduce taxes payable in your estate; replace the amount of your charitable gift to your estate. YOU DON’T NEED TO BE A MILLIONAIRE TO BEQUEATH ONE MILLION DOLLARS! Robert and Rachel, two lawyers in their forties, live in Guelph. They have each lost a parent to cancer, and they want to give a significant sum to research into this terrible disease. By purchasing a joint, last-to-die life insurance policy for a million dollars, the beneficiary of which would be the registered foundation of their choice, they could attain their goal by investing as little as $42,000. As both are non-smokers, the annual policy premium would amount to about $8,000 per year over ten years. After deducting the 46% tax credit*, the annual net cost is indeed $4,300. * This example is built with federal and Ontario tax credits. In this example, the donors’ annual incomes place them in the highest tax bracket. Graduates of Conestoga share something very special besides their credential. They possess a treasure that is common to all, yet at the same time, unique to each – the Conestoga experience. Your planned gift can help ensure that future generations of students will have an opportunity to share this experience as well. Students who might one day learn in many of the same classrooms and walk the same halls and discover themselves in many of the same ways as thousands of others before them. Whether you are a graduate or a friend of Conestoga, your financial support is always appreciated. However much you give, in whatever way you choose to give it, your planned gift to Conestoga will help to secure the future of one of the finest colleges in the country. For more information on making a gift to Conestoga, please contact: Tim Tribe, Director of Development 519-748-5220 ext. 2409 [email protected] or visit: www.conestogac.on.ca/giving/ I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 19 The Importance of Relationships LEGACY IN ACTION BY PAUL KNOWLES t’s really all about relationships. The relationship between people and their community. The relationships between charitable and not for profit organizations and the people they serve, the communities they benefit, and donors who believe in what those organizations are doing. Without key relationships, all of the good being done by these crucial organizations would come to a dead stop. We asked members of the publication’s editorial advisory board to share their insights about relationships. I “Supporting one another” Lisa Talbot, Executive Director, KidsAbility Foundation, said, “Numerous charitable organizations in Waterloo Region and Wellington County are dedicated to improving the lives of our neighbours, friends and loved ones each and every day. This may include providing a ‘hand up’ to a family who has fallen on difficult financial times, providing supports to an individual dealing with a serious illness, helping a newcomer to settle. We live in a community that supports one another in times of need. Choosing to leave a legacy to a local charitable organization will help to ensure that the tradition of caring in our community continues today and for years to come. I can’t think of a better legacy to leave behind for the benefit of future generations.” gifts often lead to sustainable projects bringing solutions for long-standing issues in the community. Much development in our community has come from substantial donations from the average citizen who wanted to make a difference but may not have known how. This magazine is our way to help individuals understand that there is a way forward through a shared vision for the future generations of our great community.” “The supportive link” Jesse MacDonald, of Desjardins Financial Security in Kitchener, speaks of achieving “harmony”: “Business owners know that their success rests on the acceptance of their products and “Personal succession plan” Susan St. John, Executive Director of the MS Society, Waterloo District Chapter, reflected on the value of a legacy gift to the givers: “A succession plan is an important facet of the transition of leadership. A legacy gift is simply our personal succession plan, ensuring that our values and ideals are implanted firmly in the community in which our children and grandchildren will thrive. A thoughtfully directed legacy gift will help create a community where people understand the future is only as secure as the tomorrows of its most frail and marginalized citizen.” “Shared vision for future generations” Dipali Batabyal is Development Officer, Family Campaign and Special Projects, Office of Development and Alumni Affairs, University of Waterloo. She sees legacy gifts as key to community development: “Legacy gifts can be substantial donations that have significant tax benefits to the individual’s estate while helping to mobilize community initiatives. Legacy 20 | w w w . e x c h a n g e m a g a z i n e . c o m Pictured from left Susan St. John, Darren Sweeney, Lisa Talbot and Gillian Flanagan services by their community. Community development creates the supports for those in our community who need assistance not available from their families and neighborhoods. In many cases philanthropy provides the supportive link between entrepreneurs and professionals who are not physically able to be on the front lines to help out where they see a need. The business community knows that a healthy, vibrant community is the backbone of their future success and growth. Community agencies help the less able participate in making our communities more resilient and inclusive. What a strong and natural partnership these groups make to balance needs and efficient delivery of services.” Pictured, from left, Dipali Batabyal, and Sharon McKay-Todd “Investment in your community” Sharon McKay-Todd, Associate Director, Planned Giving at the University of Waterloo, points out, “Giving and planning for tomorrow is an investment in your community. Leaving a legacy to support a charitable organization significantly contributes to its sustainability and strengthens the fiber of our community. Recipients who receive benefits are inspired by the generosity of others. Those same individuals are very likely to support that or similar organizations in the future. You don’t have to possess wealth to invest in future generations. A bequest for most people is an opportunity to leave a significant gift through their will that might not have been possible in their lifetime and to benefit charities they feel are making an impact on our quality of life.” “A lasting legacy” Gillian Flanagan, Development Officer at KidsAbility, stated: “As we live in a time of unstable government funding, legacy giving provides an alternate structure of sustainability for our integral community service organizations, such as KidsAbility. Legacy giving truly is a win-win situation both for donors and community organizations, as it provides a secure future for community organizations and, simultaneously, enables donors to leave behind a lasting legacy in the community they live.” GETTING STARTED... Do you have an estate? Your “estate” is the sum of all your assets. Wealthy people might have very large estates, but even those who are not wealthy have the resources to make a charitable bequest. If every adult in Canada made a Will and included a bequest of just $100, billions of dollars would flow to charitable causes every year. Make your Will a priority. Which charity? Think about the charitable organization or cause you would most like to help. Maybe you or someone you know has benefited from the service of a particular organization. Maybe you’re an active volunteer or believe in the mission and values of a specific group. You may want to leave a gift in memory of a loved one or for particular use or program. Do your homework Talk to the professionals of the organization or charity of your choice. They can tell you more about what they do, what opportunities are available for giving or leaving your legacy and how your gift can allow them to continue their work in the future. Consult a professional advisor Consult the appropriate professional advisor in order to get the right expertise and advice. An advisor can help to ensure the type and timing of your gift maximizes the advantages to you and the organization. Talk to your family members Make sure that your family members are aware of your intentions so they can support the achievement of your charitable goals and philanthropic dreams. I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 21 L E AV E A L E G A C Y ™ WA T E R L O O W E L L I N G T O N N O T - F O R - P R O F I T D I R E C T O R Y ALZHEIMER SOCIETY OF KITCHENER-WATERLOO Debra McGonegal, [email protected] 831 Frederick St Kitchener N2B 2B4 519-742-1422 x15 www.alzheimerkw.com HOUSE OF FRIENDSHIP Christine Rier, [email protected] 51 Charles St E Kitchener N2G 4R3 519-742-8327 www.houseoffriendship.org BIG BROTHERS BIG SISTERS OF WATERLOO REGION Colleen Hicks, [email protected] 7-150 Pinebush Rd Cambridge N1R 8J8 519-624-7655 x210 www.bbbswr.org INDEPENDENT LIVING CENTRE WATERLOO REGION Andrew Posen, [email protected] 127 Victoria St S Kitchener N2G 2B4 519-571-6788 x7425 www.ilcwr.org CAMBRIDGE & NORTH DUMFRIES COMMUNITY FOUNDATION The Community Foundation is available to anyone who would like to give something back to the community, and at the same time, create a legacy to support the causes they care about. Donations are pooled into an evergrowing, permanent endowment and only the earnings generated through its investments are distributed as grants according to the donor’s direction. Donors can be confident that a gift to the Community Foundation is a gift that will give forever. Jane Neath, [email protected] 135 Thompson Drive, Unit 7, Cambridge, ON N1T 2E4 519.624.8972 (phone) 519.624.4032 (fax) www.cambridgefoundation.org KIDSABILITY FOUNDATION CANADIAN COUNCIL OF CHRISTIAN CHARITIES 1-43 Howard Ave Elmira N3B 2C9 519-669-5137 www.cccc.org Wayne Kroeker, [email protected] Milly Siderius, [email protected] 500 Hallmark Dr Waterloo N2K 3P5 www.kidsability.ca Gillian Flanagan, [email protected] 519-886-8886 x1350 Lisa Talbot, [email protected] 519-886-8886 x1201 KITCHENER PUBLIC LIBRARY You are the author of your legacy. Please include Kitchener Public Library in your story. The countless ways KPL enriches the community are priceless, but that doesn't mean they don't come at a cost. As a beneficiary of our services, you know that a legacy gift to your public library will be used to enhance the opportunities afforded to the next generation. Leaving your mark on this community is easy, and we can help. Working with our Development Manager, and your financial advisor, planning your legacy will be easy and rewarding. Paul Dickson, [email protected] Kitchener Public Library, 85 Queen St N, Kitchener, ON, [email protected] 519-743-0271 x278 www.kpl.org COMMUNITY OF CHRIST Ken McGowan, [email protected] 519-265-5349 www.cofchrist.org COMPASSION CANADA June Dryer, [email protected] PO Box 5591 London N6A 5G8 519-476-2386 www.compassion.ca CONRAD GREBEL UNIVERSITY COLLEGE Fred Martin, [email protected] 140 Westmount Rd N Waterloo N2L 3G6 519-885-0220 x24381 www.grebel.uwaterloo.ca DOG GUIDES CANADA Heather Fowler, [email protected] 152 Wilson Ave Oakville L6K 3H1 519 648-3307 x222 www.dogguides.com GRAND RIVER HOSPITAL FOUNDATION Jane Jamieson, [email protected] Box 9056, 835 King St W Kitchener N2G 1G3 519-749-4300 x2504 www.grhf.org GRAND RIVER CONSERVATION AUTHORITY FOUNDATION Logan Walsh, [email protected] 400 Clyde Rd, Box 729 Cambridge N1R 5W6 519-621-2763 www.grandriver.ca HAMILTON CONSERVATION FOUNDATION Joan Bell, [email protected] Box 81067, 838 Mineral Springs Rd Ancaster L9G 4X1 905-525-2181 www.conservationhamilton.ca 22 | w w w . e x c h a n g e m a g a z i n e . c o m KITCHENER-WATERLOO SYMPHONY 36 King St W Kitchener N2G 1A3 519-745-4711 www.kwsymphony.ca Jana Gordon, [email protected] Paul Pedersen, [email protected] KITCHENER-WATERLOO ART GALLERY (KW|AG) The Gallery’s mission is connecting people and ideas through art. For more than 50 years, KW|AG has presented, promoted and preserved the visual arts heritage of our region. Proud caretakers of a permanent collection of approximately 4,000 works, the Gallery’s dynamic programming serve all ages and interests. Free admission ensures equal access for all. The Gallery's Endowment Fund is locally managed, and an additional endowment fund is held at the Ontario Arts Foundation. Caroline Oliver, [email protected] 101 Queen St N Kitchener N2H 6P8 519-579-5860 x218 www.kwag.ca LUTHERAN FOUNDATION CANADA Alfred Feth, [email protected] 275 Lawrence Ave Kitchener N2M 1Y3 519-528-6500 x2218 www.lutheranfoundation.ca LUTHERWOOD CHILD AND FAMILY FOUNDATION Kim Lester, Manager, Donor Relations, [email protected] 285 Benjamin Road Waterloo, ON N2J 3Z4 519-884-1470 www.lutherwood.ca MENNONITE FOUNDATION OF CANADA 50 Kent Ave Kitchener N2G 3R1 519-745-7821 www.mennofoundation.ca Sherri Grosz, [email protected] Mike Strathdee, [email protected] MS SOCIETY, WATERLOO DISTRICT CHAPTER The MS Society is responsible for breakthroughs in research, excellence in services for people with MS and their families, dynamic public education programs, and advocacy to reshape government policy. The support of your legacy gift will ensure, with unwavering assurance that someone will be there to provide support, hope, and caring for those struggling with MS … until there is a cure … and beyond. Contact your local chapter to help Susan St. John, [email protected] 35 Belmont Ave. West, Kitchener 519-569-8789 www.mssociety.ca/waterloo OWEN SOUND REGIONAL HOSPITAL FOUNDATION Willard Vanderploeg, [email protected] Box 1001, 1800 8th St E Owen Sound N4K 6H6 519-372-3925 www.oshfoundation.ca PROJECT PLOUGHSHARES Matthew Pupic, [email protected] 57 Erb St W Waterloo N2L 6C2 519-888-6541 www.ploughshares.ca REDEEMER UNIVERSITY COLLEGE James VanderLaan, [email protected] 777 Garner Rd E Ancaster L9K 1J4 905-648-2131 www.redeemer.ca RENISON UNIVERSITY COLLEGE Caroline Woerns [email protected] 240 Westmount Rd N Waterloo N2L 3G4 519-884-4404 x28605 www.renison.uwaterloo.ca ROCKWAY MENNONITE COLLEGIATE Bernie Burnett, [email protected] 110 Doon Rd Kitchener N2G 3C8 519-743-8209 www.rockway.ca ST. JEROME’S UNIVERSITY Nadine Collins, [email protected] 290 Westmount Rd N Waterloo N2L 3G3 519-884-8111 x28255 www.sju.ca ST. MARY’S GENERAL HOSPITAL FOUNDATION: Founded in 1924, St. Mary’s General Hospital remains an island of healing and hope to the people of Waterloo Region and surrounding areas. Known for our commitment to excellent, innovative, and patient-centred care, we are one of the country’s finest hospitals and we take seriously the trust our community puts in us. In return, we are honoured to have the financial support of the people we serve so that we can continue our work. 911 Queen’s Blvd., Kitchener, ON N2M 1B2 | 519-749-6797 St. Mary’s General Hospital Foundation www.supportstmarys.ca STRATFORD SHAKESPEARE FESTIVAL Classical theatre changes lives. It enriches our experience with colour, depth, understanding and purpose. The experience of a single performance can last a lifetime. Planning a gift to benefit the Stratford Shakespeare Festival is a way you can support great classical theatre, not simply for this season or next, but for all time. For assistance in planning your legacy or for more information, please contact Kathryn McKie, Planned Giving Manager, or visit our web-site. Kathryn McKie, [email protected] 55 Queen Street, P.O. Box 520 Stratford, ON N5A 6V2 (519) 271-4040 ext. 5640 www.Stratfordshakespearefestival.com/legacy THE KITCHENER & WATERLOO COMMUNITY FOUNDATION Rosemary Smith, [email protected] B-29 King St E Kitchener N2G 2K4 519-725-1806 x 1 www.kwcf.ca UNIVERSITY OF GUELPH Gail Kendall, [email protected] 50 Stone Rd E Guelph N1G 2W1 519-824-4120 www.uoguelph.ca UNIVERSITY OF WATERLOO 200 University Ave W Waterloo N2L 3G1 www.uwaterloo.ca Dipali Batabyal, [email protected] 519-888-4567 x37195 Roberta Garcia, [email protected] 519-888-4567 x38758 Sharon McKay-Todd, [email protected] 519-888-4567 x35413 Bonnie Oberle, [email protected] 519-888-4567 x35422 Joanne Stewart, [email protected] 519-888-4567 Ingrid Town, [email protected] 519-888-4567 x37718 WALKERTON & DISTRICT HOSPITAL FOUNDATION Cheryl Hopkins, [email protected] 21 McGivern St W Walkerton N0G 2V0 519-881-0441 www.walkertondistrictfoundation.ca WILFRID LAURIER UNIVERSITY Cec Joyal, [email protected] 75 University Ave W Waterloo N2L 3C5 519-884-0710 x3864 www.wlu.ca YWCA KITCHENER-WATERLOO Sheryl Loeffler, [email protected] 153 Frederick St Kitchener N2H 2M2 519-576-8856 x106 www.ywcakw.ca On the cover: Girl jumping, Mya Giles, top inset picture Sharon and Jaxon Giles; middle inset Graydon Large; bottom inset Carly Arsenault I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 2 | 23 Prosperous, Healthy & Sustainable ...what we’re about ... If you are, read us daily. FOR ENTREPRENEURS/ENTERPRISES/ECONOMIC DEVELOPERS/EDUCATORS EXCHANGEMAGAZINE.COM s u k c e t h a c . t .. ou