Archive for the ‘Philanthropy/Charitable Giving’ Category

Donations of Existing Life Insurance Policies

Friday, August 28th, 2015

In 2008, Canada Revenue Agency changed the valuation rules for donations of existing life insurance policies to registered charities. Previously, policy donations were receipted for cash surrender value, which many policies don’t contain. Now, policy donations are receipted for the appraised fair market value (FMV), which ...

One in Ten: Why Donors Don’t Tell Charities about Their Bequests

Thursday, September 8th, 2011

Charitable sector data has consistently shown that only about one in ten bequest donors inform the charities during their lifetime that they have been named beneficiaries. While this ratio varies from charity to charity, it underscores a fascinating paradox. Bequest donors trust charities enough to make them often significant beneficiaries ...