Conservation takes more than a lifetime.
At the Miramichi Salmon Association, we are doing important work that will benefit generations to come. When you include the MSA in your financial and/or estate planning, you will be helping to ensure that those who come after you will inherit a healthy and vibrant Miramichi River, capable of sustaining the same great diversity of life and experiences that you have come to know and cherish.
How do you make a legacy gift to the MSA?
- Will Bequest
Leaving a gift in your will or estate plan is the simplest form of Planned Giving. Such gifts can include a lump sum of money, a defined portion of the residue of a donor’s estate (i.e. the amount left after expenses, taxes, and other bequests have been paid) or gifts of securities, real estate, or personal property.
- Gifts of Stock or Securities
When you gift publicly traded securities (such as stocks, bonds, shares, income trust or mutual fund units) to a charitable organization like the MSA, you receive a donation receipt for the full market value of the securities at the time of the donation, plus you avoid having to pay any capital gains tax that might been earned and owing on the securities.
- Gifts of Life Insurance
Life Insurance is a low-cost way to make a substantial planned gift to the MSA. There are three ways you can donate a life insurance policy to the MSA - by transferring ownership of an existing policy to the MSA, by gifting a new life insurance policy to the MSA , or by naming MSA as one of the beneficiaries of an existing policy.
- RRSPs or RRIFs
Leave a portion (or all) of your remaining RRSP or RRIP assets to the MSA. This gift can save significant taxation on your estate without affecting your retirement income.
- Charitable Annuities
A Charitable Gift Annuity provides donors an opportunity to make a substantial gift to the MSA while continuing to receive a guaranteed fix (annuity) income. A portion of the gift is eligible for a gift receipt and, depending on the age and income of the donor, the annuity payments may be largely tax free. When setting up a Charitable Gift Annuity, a major portion of the gift is used to purchase an annuity from a commercial insurance company. The insurer will administer the plan and issue the annuity payments to the donor(s), with the MSA has the annuity's beneficiary. eligible to be receipted as a donation. The MSA would be the Annuity’s beneficiary.
- Charitable Remainder Trust
Through a Charitable Remainder Trust the donor retains a life interest in the gift (via a Trust) but makes an irrevocable gift of the residual interest of the Trust to the MSA. A donation receipt will be issued for the fair market value of the residual interest of the Trust at the time the residual interest vests to the MSA.
As with all planned giving initiatives, donors should seek professional advice to insure they maximize all tax benefits associated with their planned gift. Please note, the MSA respects donor-confidentiality and all allocation requests.
If you are interested in making a legacy gift to the MSA or would like to learn more, please contact email@example.com.