LEGACY GIVING


 Legacy giving is a way to donate to a charity or non-profit organization in your last will and testament. It can be a piece of property, cash, or a percentage of your estate.


Legacy gifts play a key role in supporting charitable organizations, yet many people don not know that it is

 an option, how it is paid out, or the tax benefits of these gifts.



People often worry that leaving a legacy gift means that there will be less to give to their loved ones. The truth is, you can make a legacy gift without taking away from the gifts left to your family and friends.


 The Canadian government has created valuable tax incentives to encourage Canadians to leave legacy gifts. When you leave a legacy gift, your estate receives a tax receipt for the full value of the gift, which adds a tax credit to your final income tax return. This can help to maximize the value of your residual estate for your beneficiaries.


                                                From Willful.co

Why Consider Leaving a Legacy Gift?   



 Thank you for considering including Living Rock Ministries in your legacy giving plans.  Your generosity can create a lasting impact, ensuring that vulnerable youth in our community receive the support and resources they need to thrive. Below, we provide instructions on how to give, complying with Canadian and Ontario laws, along with reasons why legacy giving is a meaningful choice.


Your legacy gift can transform the lives of vulnerable youth for generations to come. By supporting Living Rock Ministries, you're investing in the future of our community and leaving a lasting legacy of hope and opportunity.


  1. Continued Support: Legacy gifts provide ongoing support for our programs and services, enabling us to fulfill our mission of empowering youth to reach their full potential. Your generosity ensures that we can continue offering vital resources and assistance to those who need it most.
  2. Personal Fulfillment: Leaving a legacy gift allows you to make a meaningful contribution to causes that are close to your heart. Knowing that you've made a lasting impact on the lives of others can bring a sense of fulfillment and purpose.
  3. Tax Benefits: In addition to making a difference in the lives of youth, legacy giving can offer significant tax benefits for you and your estate. By strategically planning your charitable gifts, you can minimize estate taxes and maximize the value of your assets for your beneficiaries and loved ones.



How to Give:


  1. Include Living Rock Ministries in Your Will: You can leave a specific amount, a percentage of your estate, or assets such as securities, real estate, or personal property to Living Rock Ministries in your will. Your estate will receive a tax receipt for the full value of your gift, which can help reduce estate taxes.
  2. Beneficiary Designation: You can name Living Rock Ministries as a beneficiary of your life insurance policy, RRSP, RRIF, or pension plan. By doing so, you can support our mission while potentially reducing taxes on your estate.
  3. Establish a Charitable Trust: Consider setting up a charitable remainder trust, charitable lead trust, or gift annuity, which can provide you with tax benefits during your lifetime while supporting Living Rock Ministries in the future.
  4. Consult with a Professional: We recommend consulting with your financial advisor or estate planner to ensure that your legacy giving plans align with your overall financial goals and comply with relevant laws and regulations.


At Living Rock Ministries, we are deeply grateful for the generosity of our legacy donors. Your support enables us to continue serving vulnerable youth and making a positive difference in our community. If you have any questions about legacy giving or would like to discuss your philanthropic goals further, please don't hesitate to contact us.


Contact Us to Talk About Your Legacy

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